Endorsement by the Ministry of Higher Education (MOHE)
In helping young adults make sense of money, AKPK approached Y Bhg Dato' Mustapa Mohamed in March 2007, the then Minister of Higher Education. AKPK was given an endorsement to develop the Personal Financial Management (PFM) module. AKPK then presented the PFM module to the respective vice chancellors of Malaysia's public universities (IPTAs). By the end of 2008, 11 public universities had agreed to implement the module.
Why the need for Personal Financial Management (PFM)?
Most graduates have dreams of financial freedom without realising the financial commitments attached to their working lives. This problem intensifies when they arrive at their 30s and beyond - evidenced by a large number of people coming to AKPK for assistance.
In order to broaden AKPK's effort to create and instill awareness among youth, we have come up with a training programme for trainers who will impart the PFM module to students.
Developing the PFM content
- The PFM module is written based on real life cases
- Written in a simple, 'street-wise' and practical approach, it will help participants better understand their financial situation
- PFM is now available to be adopted as a learning module for Malaysia's higher education institutions
AKPK hopes to empower every Malaysian with financial knowledge and skills, translating them into financial behaviours and practices that lead to improved financial outcomes. This is in line with our vision: "Make Prudent Financial Management a Way of Life".
To help achieve its vision, we have developed a Training-of-Trainer (ToT) programme to equip education providers such as institutions of higher learning, organisations, etc, in delivering contents of the book, Money Sense - Getting Smart with Your Money.
PFM key milestones
- Collaborated with universities/colleges to incorporate PFM as a subject for undergraduates. As at 2010, 32 universities/colleges have implemented the PFM module.
- Equally important are trainer programmes. AKPK has built a strong partnership with universities to provide training and resources to facilitators in order to deliver the module effectively to students. To date, we have trained over 600 facilitators. These facilitators have in turn reached out to over 100,000 undergraduates.
- AKPK has participated in events consisting of career fairs, briefings and talks to universities nationwide, reaching out to thousands of students and educators.
- Our key partnership with the Ministry of Defence through Jabatan Latihan Khidmat Negara (JLKN) enables the PFM programme outreach to students aged 17-25 (approximately 140,000 students involved annually) participating in the National Service programme.
- In 2009, AKPK launched the Celik Wang book (Bahasa Melayu version of Money Sense) and the 2nd edition of Money Sense. In the same year, we also launched its Braille version.
- November 2010 - AKPK's PFM gains MQA certification which allows for PFM to be a 1 credit hour elective course or co-curriculum for institutions of higher learning.
- As at 2011, 12 private institutions of higher learning and 27 polytechnics have adopted the AKPK module.
AKPK aims to reach another 1000 trainers and 200,000 students by 2012
To date, the following public and private institutions of higher learning have infused AKPK's Personal Financial Management (PFM) module into their curriculum.
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Year 2008 - 11 IPTAs
- UNIVERSITI TEKNOLOGI MARA (UiTM)
- UNIVERSITI PUTRA MALAYSIA (UPM)
- UNIVERSITI MALAYSIA KELANTAN (UMK)
- UNIVERSITI MALAYSIA PAHANG (UMP)
- UNIVERSITI DARUL IMAN MALAYSIA (UDIM)
- UNIVERSITI MALAYA (UM)
- UNIVERSITI KEBANGSAAN MALAYSIA (UKM)
- UNIVERSITI TEKNOLOGI MALAYSIA (UTM)
- UNIVERSITI SAINS ISLAM MALAYSIA (USIM)
- UNIVERSITI SAINS MALAYSIA (USM)
- UNIVERSITI MALAYSIA PERLIS (UNIMAP)
2009 - 1 IPTA & 9 IPTSs
- UNIVERSITI UTARA MALAYSIA (UUM)
- UNIVERSITI KUALA LUMPUR (UniKL)
- UNIVERSITI TUN ABDUL RAZAK (UNITAR)
- KUALA LUMPUR INFRASTRUCTURE UNIVERSITY COLLEGE (KLIUC)
- KOLEJ UNIVERSITI ISLAM ANTARABANGSA SELANGOR (KUIS)
- KOLEJ DAMANSARA UTAMA (KDU)
- MAHSA UNIVERSITY COLLEGE (MAHSA)
- TAYLOR'S UNIVERSITY COLLEGE
- SUNWAY UNIVERSITY COLLEGE
- ASIA PACIFIC UNIVERSITY COLLEGE OF TECHNOLOGY & INNOVATION (UCTI)
2010 - 4 IPTAs & 7 IPTSs
- UNIVERSITI TEKNIKAL MALAYSIA MELAKA (UTEM)
- AVIATION MANAGEMENT COLLEGE
- UNIVERSITI MALAYSIA SABAH (UMS)
- UNIVERSITI MALAYSIA SARAWAK (UNIMAS)
- UNIVERSITI MALAYSIA TERENGGANU (UMT)
- KOLEJ TEKNOLOGI BESTARI
- UNIVERSITI TUN HUSSEIN ONN MALAYSIA (UTHM)
- INTI INTERNATIONAL UNIVERSITY (INTI)
- UNIVERSITI PENDIDIKAN SULTAN IDRIS (UPSI)
- UNIVERSITI PERTAHANAN NASIONAL MALAYSIA (UPNM)
- INTERNATIONAL MEDICAL UNIVERSITY (IMU)
2011 - 12 IPTSs
- INTERNATIONAL ISLAMIC UNIVERSITY MALAYSIA (IIUM)
- LIMKOKWING UNIVERSITY OF CREATIVE TECHNOLOGY (LUCT)
- SEGI UNIVERSITY COLLEGE
- MASTERSKILL UNIVERSITY COLLEGE OF HEALTH SCIENCES
- UNIVERSITI INDUSTRI SELANGOR (UNISEL)
- WAWASAN OPEN UNIVERSITY
- STAMFORD COLLEGE
- MULTIMEDIA UNIVERSITY (MMU)
- KOLEJ UNIVERSITI ISLAM MELAKA (KUIM)
- BERJAYA UNIVERSITY COLLEGE OF HOSPITALITY
- TAJ INTERNATIONAL COLLEGE
- KOLEJ POLY-TECH MARA (KPTM)
- POLITEKNIK MERLIMAU MELAKA (PMM)
- POLITEKNIK BALIK PULAU (PBU)
- POLITEKNIK UNGKU OMAR (PUO)
- POLITEKNIK JOHOR BAHRU (PJB)
- POLITEKNIK KOTA BHARU (PKB)
- POLITEKNIK KOTA KINABALU (PKK)
- POLITEKNIK KUCHING, SARAWAK (PKS)
- POLITEKNIK SULTAN HAJI AHMAD SHAH (POLISAS)
- POLITEKNIK BANTING SELANGOR (PBS)
- POLITEKNIK JELI KELANTAN (PJK)
- POLITEKNIK KOTA MELAKA (PKM)
- POLITEKNIK KOTA, KUALA TERENGGANU (PKKT)
- POLITEKNIK TUANKU SULTANAH BAHIYAH (PTSB)
- POLITEKNIK MUADZAM SHAH (PMS)
- POLITEKNIK MUKAH SARAWAK (PMU)
- POLITEKNIK NILAI NEGERI SEMBILAN (PNS)
- POLITEKNIK PORT DICKSON (PPD)
- POLITEKNIK SEBERANG PERAI (PSP)
- POLITEKNIK SULTAN ABDUL HALIM MU'ADZAM SHAH (POLIMAS)
- POLITEKNIK SULTAN AZLAN SHAH (PSAS)
- POLITEKNIK SULTAN IDRIS SHAH (PSIS)
- POLITEKNIK SULTAN MIZAN ZAINAL ABIDIN (PSMZA)
- POLITEKNIK SULTAN SALAHUDDIN ABDUL AZIZ SHAH (PSA)
- POLITEKNIK TUNKU SYED SIRAJUDDIN (PTSS)
- POLITEKNIK SANDAKAN SABAH (PSS)
- POLITEKNIK MERSING JOHOR (PMJ)
- POLITEKNIK HULU TERENGGANU (PHT)
- POLITEKNIK METRO KUALA LUMPUR
- POLITEKNIK METRO KUANTAN
- POLITEKNIK METRO JOHOR BAHRU
Training-of-Trainer (ToT) workshops
Universities and colleges adopting the PFM module are encouraged to attend the Training-of-Trainer (ToT) workshop.The ToT workshop is a half-day interactive session that gives practical experience in training delivery, coaching, assessing and exchanging feedback through the use of presentations, demonstrations and exercises.
During the course, participants are provided with:
- a detailed overview of the curriculum modules
- guidance on teaching financial education in a classroom environment
- opportunities to ask questions and for participants to share knowledge and techniques with one another
We teach the skills everyone needs towards achieving financial freedom
- Pay yourself first
- Save early, save often, invest wisely
- Don't put all your financial eggs in one basket
- Invest with your head, not with your heart
- Interest is only interesting when you're receiving it
- Money is a tool to reach your dreams
- Life is an adventure; let passion be your guide
- People don't plan to fail, they fail to plan
The Training-of-Trainer (ToT) workshops are offered based on request. If you wish to be a participant or require further information please email firstname.lastname@example.org
Workshops are conducted with a minimum of 15 potential instructors per group.