HISTORY
FASK Holding Sdn Bhd is an investment holding company founded by Dato’ Nik Mod Amin Nik Abd Majid. FASK Group of Companies, its subsidiaries, and associated companies are principally involved in the business of Financial Services, Agriculture, Healthcare, Technology, Environment & Utilities, Trading, Education, and Security Services.
The group started its journey from a coin minting business under the name The Royal Mint Exchange Sdn Bhd which later changed its name to FASK Capital Sdn Bhd to undertake strategic investments under its core business units.
In 2006, the group started to expand its offerings into an e-money company offering micropayment systems for SME’s with a partnership with POS Malaysia Berhad under the name Pospay Exchange Sdn Bhd. The group later expands its business in 2007 into the first wholesale money exchange business licensed under Bank Negara Malaysia to undertake import and export of foreign currency banknotes under the name Metro Money Exchange Sdn Bhd which was sold to a public listed company in 2019.
VISION
To create technology driven, sustainable and independent organizations which interconnects across multiple industries.
MISSION
Enhancing communities by creating purpose driven companies under the SME ecosystem.
MEET OUR FOUNDER
DATO’ NIK MOD AMIN NIK ABD MAJID
Chairman of FASK Group
Kuala Lumpur, Malaysia
Dato’ Nik Mod Amin bin Nik Abd Majid is the Chairman of FASK Group of Companies. He is a prominent figure in the Malaysian banking industry. He is currently the Founder of FASK Holding Group (formerly known as The Royal Mint Exchange Sdn Bhd) where its expertise lies in various industries such as Finance, Technology, Water treatment, education, agriculture, trading and F & B. He also serves as the Non- Independent Director on the Board of AWC Berhad which is listed on the Main Board of the KLSE.
Dato’ Nik was previously the CEO/Executive Director of BSN Commercial Bank (M) Berhad. During his tenure with BSN Commercial, he re-engineered the bank’s business direction towards assisting Small Medium Industries. He was also the Board Member of Universiti Utara Malaysia (UUM) and a Trustee to the Malaysian Humanitarian Foundation.
Prior to that, was also the General Manager of Perbadanan Usahawan Nasional Berhad (“PUNB”), setting up the funds’ investment division. He also held key senior positions in Maybank Berhad and Affin Bank Berhad executing risk management, strategic planning, credit management, international banking roles in the respective banks.
Under his leadership, the Group is currently venturing into Precision Aquaculture and Smart Farming with expertise on technology 4.0 including Smart Sensors, IoT devices and Robotics. Among notable projects include a Tilapia Aquaculture Farming in Slim River, Urban Farming in Shah Alam and Paddy Farming in Sik, Kedah.
Dato’ Nik holds a Degree in Economics from the University of Malaya.
