Buyer Beware

UBB Amanah Berhad – Scamming Investors in Malaysia

UBB Amanah Berhad is a Malaysian independent private trustee getting notorious for lying to investors by using deceptive practices. 

The firm claims to have 3 decades of industry experience and claim to focus on helping their clients reach their desired results. 

Furthermore, the firm claims to have MYR2.6 million assets under trust with over 18,000 consultants. 

The office of UBB Amanah Berhad is located at B-G-9, Galeria Hartamas No.21, Jalan 26/70a, Desa Sri Hartamas, 50480 Kuala Lumpur, Malaysia. Similarly, their contact number is 3-6211-41-99.

Below is an overview of their Board of Directors:

  • Tan Sri Dr. Suleiman Mohamed (Chairman)
  • Aida Othman (Managing Director)
  • Dato’ Muleidaran M Navaratnam (Director)
  • Dato’ George Varughese (Director)
UBB Amanah Berhad background

The company has several subsidiaries including UBB Private, UBB Investment Bank Limited and UBB Amanah (Labuan).

However, the following UBB Amanah Berhad review focuses solely on the main company. Here, you’ll find out if you can trust them with your hard-earned money or not. 

UBB Amanah Berhad Bank Negara: Are They Regulated?

When you search “Is UBB Amanah regulated?” you see the answer: 

UBB is a registered Trust Company under the Trust Companies Act (1949). Also, their regulator is the Companies Commission of Malaysia (SSM). 

However, it’s worth noting that SSM is not a financial regulator. It only oversees companies in general. 

SSM Malaysia is an agency to incorporate businesses and to make registered companies’ data available to the public. That’s it. 

They don’t govern the sale or purchase of any financial investments. 

The financial regulator in Malaysia is the Securities Commission Malaysia (SC) and there is no mention of SC on UBB’s website. Clearly, they don’t have a license from SC which makes them a highly suspicious firm. 

Many UBB agents claim the company doesn’t need an SC license as it is a trustee. However, the firm claims to offer returns of 6-8% p.a. but fails to specify how it is able to do so. 

Obviously, UBB Amanah is using legal loopholes to sell unregulated financial investments.

This indicates the firm might be a ponzi scheme.

However, recent media reports indicate that UBB might face scrutiny from the Securities Commission soon:

Is UBB Amanah Berhad Background Under DAP National Public Complaints Bureau’s Scrutiny?

According to a recent media report, The Life Insurance Association of Malaysia, the Association of Trust Companies Malaysia and Malaysian Financial Planning Council with the Financial Planning Association of Malaysia complained to the DAP National Public Complaints Bureau about certain “cash trusts”. 

Their complaints were about some trusts which offer extremely high returns to their clients. They suspected that these cash trusts could be Ponzi schemes. 

UBB Amanah Berhad wikipedia

Although the report didn’t mention any names specifically, it said some of these companies claim to offer returns as high as 36% per annum. 

On the other hand, the fixed deposit rate of Malayan Banking Bhd (Maybank) is 2.1% for 12 months and 2.35% for 5 years. Note that Maybank is the largest bank in Malaysia by market capitalization. 

In FY2021, Maybank had paid out 58 sen per share in dividends which amounted to a yield of around 7%. This is an extremely high number by industry standards. 

What is a Ponzi Scheme? 

For those who don’t know, a ponzi scheme is an investment where someone promises a very high rate of returns at apparently zero risk. 

When you deposit your funds into a ponzi scheme, they use it to pay returns to the earlier investors and keep some for themselves. 

Then, the process repeats. 

They keep reiterating until everything goes too out of hand and there is no money left. 

When the trust company has no money remaining, you lose your deposit. 

A recent example of a Ponzi scheme is Bernard Madoff. The court sentenced him to 150 years in prison for committing fraud in 2009. His firm should have had US$65 billion in assets but in reality, it had very little. 

Public Complaints Bureau Chairman on Cash Trusts: Is UBB Amanah Legit? 

Lim Lip Eng, DAP National Public Complaints Bureau Chairman and Member of Parliament, talked to the media about the legitimacy of certain ‘cash trusts’. 

He pointed out that few financial products present in the market are going around. Certain trustee companies are offering these products and they are a big scam

Lim highlighted that these cash trusts took RM1 billion from the market in 2020-21. 

Furthermore, he pointed out that Bank Negara or the Securities Commission Malaysia (SC) are not able to regulate these trusts properly. Hence, there are a few legal loopholes which these trustees are exploiting. 

UBB Amanah Berhad news

Like I mentioned earlier, UBB Amanah Berhad relies on such business tactics as well. 

Instead of following the regulation of financial regulators, they fall under the regulation of the Companies Commission of Malaysia (SSM). As I mentioned earlier, SSM is not a financial regulator but an overseer of companies in general. 

Also, many complaints have been sent to the SC on shady cash trust companies such as UBB Amanah Berhad. 

The report sharing Lim’s thoughts doesn’t mention UBB Amanah directly. But suggests UBB is under the same scope of scrutiny. 

They write: 

One such company’s website says they create a cash trust when you place a sum of cash in a trust. Also, the beneficiary can tap on to the cash trust for emergencies. 

They claim that a unique feature of these cash trusts is they are not frozen if the creator dies. It is still accessible subject to terms and conditions.

Also, the company claims to have over RM2.5 billion in assets under trusts. It also claims to have been operating for over 30 years. 

Certainly, these are all claims made by UBB Amanah Berhad. 

As I have mentioned before, UBB Amanah Berhad does not have a license from Bank Negara nor the Securities Commission Malaysia (SC). 

On their website, they only display an SSM Certificate of Registration as a Trust Company, under Section 4 of the Trust Companies Act 1949. 

According to this act, a registrar must make enquiries as he deems necessary when he receives an application as a trust company. 

Also, if the registrar is satisfied and the company meets the requirements under Section 3, he can register the same and issue it a certificate as a registered trust company. 

Now, according to Section 3 of the Trust Companies Act 1949, any public company with incorporation in Malaysia can apply to the Registrar of Companies to become a trust company subject to terms and conditions. 

These terms and conditions include:

  • Authorized capital of the company should not be less than RM500,00.
  • The company should appoint the directors according to its Articles of Association.
  • Minimum RM150,000 of bona fide authorized paid up capital.
  • Deposited securities with the approval of the Minister of Finance to the value of RM100,000 with the Accountant General.
  • Finally, it should be able to meet its obligations, apart from the liabilities to its shareholders, without taking into account the securities it deposited with the Accountant General.

While these requirements might seem a bit heavy, they are nothing for the kind of enterprise UBB Amanah Berhad is. 

A source involved in a similar cash trust operation revealed that such companies are usually well connected. Hence, it becomes increasingly difficult to take them down. 

UBB Amanah Berhad Review By Consumers: What People Say

While looking into this trustee, I googled “UBB Amanah Berhad Review” and found a detailed discussion about the firm and its legitimacy. 

The conclusion of the discussion was that UBB Amanah is not a reliable firm and is probably a scam. However, many of UBB’s agents probably penetrated the discussion as they started praising the firm without any reason. 

One user had asked the forum members about UBB Amanah Cash Trust. One of his friends had recommended UBB Cash Trust to him. 

UBB Amanah Berhad review

He pointed out that the product was charging 3.5% per annum. But, it claimed to offer 6-8% per annum NETT return for a 3-year product. 

Also, the product guaranteed minimum RM60k. The user wanted to know if somebody was familiar with such trusts. He was interested because his FD rate was getting lower. 

The first user who responded to this question was quite a new one. He started praising UBB Amanah Berhad right away in his review, claiming its amazing. 

UBB Amanah Berhad review 1

However, another highly experienced user pointed out that it’s a high-risk product. So, he doesn’t recommend it. 

UBB Amanah Berhad review 2

Later, the UBB Amanah Berhad review discussion went into if they have authorization in Malaysia. 

Some users pointed out that it falls under the Trust Act. That’s it. 

Other users began highlighting that if an offer seems too good to be true, it probably is. They highlighted that it’s very easy to start a fraudulent firm nowadays and steal funds from people by making false promises. 

More Comments on the Legitimacy of the Malaysian Trustee:

Later on, users began discussing the Trust Act and how UBB is using it to make itself seem more reliable. 

One user pointed out that trustees have more leeway in comparison to licensed investment managers. However, they used the word “Donor” for their investors, which seems rather odd. 

How can a “Donor” expect to make 7-8% profit on their “donation”?

Here are a few images of the Terms and Conditions of this Malaysian trustee:

UBB Amanah Berhad review 3
UBB Amanah Berhad review 4
UBB Amanah Berhad review 5

As you can see, UBB Amanah charges a 20% penalty if you withdraw your funds before the maturing date. 

They Make “Projections” Not “Guarantees”

One user pointed out a vital aspect of UBB Amanah Berhad’s offers. They pointed out that the company claims to offer “Projected Profit Share” of 6.5% to 9% on its investment. 

Projections are estimations, not guarantees. Anyone can make projections and increase them as much as they want. However, they are not guaranteed returns. 

Certainly, it puts a big question mark on the legitimacy of their claims. 

UBB Amanah Berhad review 5

Later, a user highlighted that the company claims to offer 7% returns from its ‘current participants’ which might include MGS. Also, the company mentions projections in its flyers, which are abstract figures. 

If their official track records had been this amazing, they would have shared this info online. Or, they would have used this data to market themselves. 

Clearly, their official numbers are much lower than what they “project”. 

Also, there were plenty of users in the discussion calling it a scam:

UBB Amanah Berhad review 6

One user highlighted a different section of UBB Amanah’s Terms and Conditions. They pointed out that UBB might  subject your Trust Capital to costs and expenses. 

However, they don’t share what expenses or costs they charge. 

In other words, they can reduce your Trust Capital as much as they want. They have used ambiguous words in their agreement deliberately so they don’t face any legal trouble for charging hidden fees. 

UBB Amanah Berhad review 7

I found another user comparing UBB with a regulated trustee. He highlighted that UBB doesn’t share any proof of its underlying investment. They don’t have any prospectus sharing this information as well. 

On top of that, they don’t share any information on who the fund manager is. 

They don’t share if their offered trusts are shariah compliant or not. Furthermore, there is no insurance in case the company defaults. 

UBB Amanah Reddit: Alarming Discussions

Apart from the discussion I shared above, I also found a detailed forum discussion on Reddit where the users were talking about the authenticity of UBB’s claims. 

Here, the user shared a flyer of UBB Amanah Berhad’s Opportunity Trust. He was interested in finding out if someone was familiar with the firm and should he go ahead with it or not. 

The top comment on the discussion mentioned a few red flags:

  1. UBB Amanah Berhad didn’t mention any underlying assets through which they will generate the returns. 
  2. Instead of “Assured” or “Guaranteed”, they have used the word “Projected”.
  3. There’s a 3-year lock-in period. For projected returns to be that high, the underlying assets must be extremely risky.

Another user pointed out that Trust projects don’t guarantee your principal. In other words, you can lose a portion of your invested capital instead of gaining any positive returns. 

Like the previous user, this one also recommended finding out how UBB Amanah Berhad generates such returns and discuss the same with the agent. 

Apart from the UBB Amanah Reddit discussion, I found a thread discussing the authenticity of this company. Here, the reviewer shared that it’s a sketchy product as the company doesn’t share much information except its brochure. 

Furthermore, the brochure doesn’t show how the trust generates its returns. 

The reviewer says when he fails to verify and understand how any scheme works, he ignores it. 

Should You Trust UBB Amanah Berhad?

After going through the different reviews and the company’s documentation, it is clear that UBB Amanah Berhad is not a reliable company. 

Its offered returns sound too good to be true. 

UBB Amanah has all the qualities of a financial scam. The company is using legal loopholes to get away with its shady activities. 

Such scams are rather popular. For example, ACE Holdings Bhd is a notorious financial investment firm which had to return RM814 Million to its investors when they were caught by SC.

Sadly, UBB Amanah Berhad doesn’t fall under the jurisdiction of SC at the moment. Hence, they might be able to get away with their shady practices for quite a while. 

3.8 Total Score
A Financial Scam

UBB Amanah Berhad makes many bold claims. However, it has all the red flags present in an investment scam. They never share how they can generate their ‘projected returns’. Furthermore, they don’t give ‘promised’ returns but mere ‘projections’. Avoid dealing with such a sketchy firm.

2.7Expert Score
Trust
2.7
Experience
3.7
Transparency
1.9
Ethics
2.6
4.8User's score
Trust
5.1
Experience
4.8
Transparency
4.8
Ethics
4.8
PROS
  • None
CONS
  • They don’t share how they can generate ~8% return per annum
  • Notorious as a scam in the market
  • Relies on agents for promotion
  • Extremely high withdrawal penalty
  • Charge hidden fees on your capital
  • Shady terms and conditions
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111 Comments
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  1. fake news n fake webinar…I am UBB customer.i set a UBB trust 4 yrs ready.. If the webinar have evidence, pls go for complaint n report. if webinar really want help us, pls go report, don spread the bad rumors through online…

  2. Since i saw many bad review and bad news abount UBB Amanah and i decided to withdraw my investment of RM50k, I emailed them and i provided UBB Amanah they invested in a newly setup investment company Primus Equities and breached the Trustee Acts 1949. 2 director in UBB Amanah also same director in the investment company which is conflict of interest between Trust company and Investment company. But they keep avoiding may question and doubt i raise in the email. They really work unprofessional by avoiding my email. So whatever the agent or agency promised is just a fairytales. So now i lost RM12,500 in UBB not even 1 year. I not even agree or sign in the Trust Deed. Shld i complain this to SSM or SC?

  3. 0.1
    Trust
    0
    Experience
    10
    Transparency
    0
    Ethics
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    Well written review with research prepared and documented / properly supported. Seems that there is a lot of suspicions raised by the public on this ‘investment’. A lot of the reviews here which support UBB (who are possibly not staff of the company but customers or investors of UBB) remind me of the victims of Ponzi schemes and other grow-rich scams who are interviewed in documentaries when they explained their ‘trust’ in those schemes prior to the schemes falling apart and the investors losing everything.

    Helpful(0) Unhelpful(0)You have already voted this
  4. 2
    Trust
    40
    Experience
    40
    Transparency
    40
    Ethics
    40
    + PROS: UBB is a great company
    - CONS: This review is a fake nonsense
    Helpful(3) Unhelpful(0)You have already voted this
    • Seriously? Do you think a scam like UBB is going to sue a major US-based publication managed by 3 of the top 10 lawyers in the United States?

      Good Luck. LOL.

      • Oh you simpleton fuq. Read the article. Then comment. What a moron.

        Also, this two bit website ain’t a “major us based publication”.

        What a loser.

  5. Reply
    pemilik syarikat ini adalah pelacur
    July 20, 2022 at 1:47 pm
    0.1
    Trust
    10
    Experience
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    Transparency
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    0

    pemilik syarikat ini adalah pelacur

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  6. 0.1
    Trust
    10
    Experience
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    Ethics
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    The fact that UBB Amanah Berhad claims to offer financial instruments which offer yearly returns, yet it doesn’t have a license from SC, shows they are a scam.

    Investing in unlicensed financial products is similar to jumping off a cliff. You’ll get hurt for sure.

    Helpful(3) Unhelpful(5)You have already voted this
  7. 0.1
    Trust
    10
    Experience
    0
    Transparency
    0
    Ethics
    0

    I saw an ad for their cash trust and thought it would be worth investing. But it seems like UBB Amanah Berhad is really not that great.

    This company is definitely using legal loopholes to get away with its financial scam. I’m pretty sure they would have closed shop a long time ago if they were not politically connected.

    I feel bad for anyone who fell for this scam.

    Helpful(2) Unhelpful(3)You have already voted this
  8. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    Nonsense review, baseless. Only conjectures

    + PROS: Great company, in business for 30 odd years
    - CONS: Fake review, not a single evidence shown. Mere conjectures
    Helpful(5) Unhelpful(2)You have already voted this
  9. 0.1
    Trust
    10
    Experience
    0
    Transparency
    0
    Ethics
    0

    I wasn’t going to leave a rating here. But then I saw all of these obviously fake 5 star reviews and couldn’t help myself.

    UBB Amanah Berhad IS A SCAM. There is no way around it.

    The company charges heavy administration fee and makes it seem as if you will get ‘guaranteed’ returns.

    - CONS: Lie to clients Spam Scam
    Helpful(3) Unhelpful(6)You have already voted this
  10. 0.1
    Trust
    10
    Experience
    0
    Transparency
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    Ethics
    0

    It is hilarious to see the staff of UBB Amanah Berhad spam the comment section with fake 5 star reviews here. I mean, if a ’30 year old’ company has to use such pathetic marketing tactics then they are obviously unreliable.

    + PROS: None
    - CONS: Cheap marketing Liars Harass clients
    Helpful(2) Unhelpful(3)You have already voted this
  11. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    Rubbish “review”, unsubstantiated and fake

    + PROS: Ubb is a reputable firm
    - CONS: This review is nonsense
    Helpful(3) Unhelpful(2)You have already voted this
  12. 0.5
    Trust
    10
    Experience
    10
    Transparency
    10
    Ethics
    10

    Can search for more education videos on cash trust in Learnabee or KC Lau Facebook page.

    OR, can just search for ‘Cash Trust’ in LEARNABEE.

    https://fb.watch/ekvjrIyqmO/
    (CASH TRUST – 庞氏骗局或合法理财产品?)

    https://fb.watch/ekvlo17_qh/
    (回答环节 Q&A – 高回酬现金信托 CASH TRUST)

    Helpful(1) Unhelpful(2)You have already voted this
  13. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    totally false review, paid

    + PROS: Old company, no issues at all
    Helpful(2) Unhelpful(2)You have already voted this
  14. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    False review, paid for by competitors

    + PROS: reputable firm
    - CONS: fake review
    Helpful(3) Unhelpful(1)You have already voted this
  15. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    This review is false, paid for by competitors

    + PROS: Great company
    - CONS: This review is false
    Helpful(2) Unhelpful(2)You have already voted this
  16. 0.35
    Trust
    10
    Experience
    10
    Transparency
    10
    Ethics
    0

    I lost RM25,000 bcoz of these scammers. It was devastating 😢

    - CONS: I lost RM25,000 bcoz of these scammers. It was devastating 😢
    Helpful(3) Unhelpful(4)You have already voted this
  17. 0.25
    Trust
    10
    Experience
    0
    Transparency
    0
    Ethics
    10

    All of these positive reviews are fake. One person even said they are a staff member of Ubb Amanah Berhad. Their employees are writing these fake praises because they don’t have any happy clients.

    They are a scam.

    + PROS: Good at lying
    - CONS: Fake positive reviews
    Helpful(2) Unhelpful(1)You have already voted this
  18. 0.1
    Trust
    10
    Experience
    0
    Transparency
    0
    Ethics
    0

    This company makes false promises. ubb agents claim they give ‘guaranteed’ returns but you see the truth when you check their documents. This company is full of liars.

    + PROS: None
    - CONS: Company full of liars
    Helpful(3) Unhelpful(1)You have already voted this
  19. 0.85
    Trust
    20
    Experience
    10
    Transparency
    20
    Ethics
    20

    UBB Amanah Berhad has been safe from authorities because of corruption. Our regulation system is a joke.

    I’m telling you, everyone behind this scam will go to jail.

    Helpful(2) Unhelpful(1)You have already voted this
  20. 0.6
    Trust
    20
    Experience
    10
    Transparency
    20
    Ethics
    0

    3% fees is too much. Plus, they don’t guarantee any returns.

    - CONS: Fraud
    Helpful(1) Unhelpful(2)You have already voted this
  21. 0.6
    Trust
    10
    Experience
    10
    Transparency
    10
    Ethics
    20

    Ia tidak mattet berapa lama syarikat ini telah didaftarkan. Sebenarnya mereka tidak mempunyai sebarang lesen SC. Jadi, mereka tidak boleh dipercayai.

    Helpful(0) Unhelpful(0)You have already voted this
  22. 0.5
    Trust
    10
    Experience
    10
    Transparency
    10
    Ethics
    10

    They are nothing but a bunch of liars. Look at all the fake 5 star reviews here. Ubb amanah is shameless.

    - CONS: Liars Scam
    Helpful(2) Unhelpful(0)You have already voted this
  23. 0.35
    Trust
    10
    Experience
    10
    Transparency
    10
    Ethics
    0

    Jangan sesekali mempercayai penipu ini

    Helpful(1) Unhelpful(0)You have already voted this
  24. 0.6
    Trust
    10
    Experience
    20
    Transparency
    10
    Ethics
    10

    How are they able to generate so much returns? How can they give more profits than banks?

    Because Ubb give no guarantee. They only give projections. I talked about this with the agent too but he didn’t give a truthful answer.

    Helpful(2) Unhelpful(0)You have already voted this
  25. 0.35
    Trust
    10
    Experience
    10
    Transparency
    10
    Ethics
    0

    I don’t trust these liars.

    Helpful(1) Unhelpful(0)You have already voted this
  26. Reply
    Ubb Amanah Berhad victim
    July 17, 2022 at 3:58 pm
    0.1
    Trust
    10
    Experience
    0
    Transparency
    0
    Ethics
    0

    UBB adalah penipuan. Mereka mengambil wang daripada orang dan membelanjakannya untuk pengiklanan untuk mendapatkan lebih ramai pelanggan.

    Helpful(1) Unhelpful(0)You have already voted this
  27. 0.5
    Trust
    10
    Experience
    10
    Transparency
    10
    Ethics
    10

    Ibu bapa saya melabur wang mereka dengan UBB Amanah Bhd. Mereka tidak mendapat sebarang keuntungan. Syarikat mengenakan bayaran yang terlalu banyak sehingga mereka tidak boleh memberikan keuntungan.

    Helpful(2) Unhelpful(0)You have already voted this
  28. 0.75
    Trust
    20
    Experience
    0
    Transparency
    10
    Ethics
    30

    No detail given on how they generate returns.

    This company is the fakest company in Malaysian market.

    Helpful(2) Unhelpful(0)You have already voted this
  29. 0.25
    Trust
    10
    Experience
    10
    Transparency
    0
    Ethics
    0

    These 5 star reviews are fake! UBB Amanah has numerous agents who get paid to promote this shady company.

    Helpful(1) Unhelpful(0)You have already voted this
  30. 0.75
    Trust
    10
    Experience
    10
    Transparency
    20
    Ethics
    20

    They promised me 10% returns in the crisis fund. I didn’t receive any positive return. Total ripoff

    - CONS: Ripoff
    Helpful(1) Unhelpful(0)You have already voted this
  31. 0.1
    Trust
    10
    Experience
    0
    Transparency
    0
    Ethics
    0

    So you’re telling me these scum of the earth scammers have been ruining lives for 30 years now? The authorities should arrest each and every one of these dregs

    Helpful(3) Unhelpful(3)You have already voted this
  32. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    This review is fake. Ubb has been in business for 30 friggin years! Are the authorities so blind that they wouldnt have noticed?

    This paid review is garbage

    + PROS: Ubb has served the trust industry for 3 decades, great company
    Helpful(4) Unhelpful(5)You have already voted this
  33. 0.1
    Trust
    10
    Experience
    0
    Transparency
    0
    Ethics
    0

    I feel sorry for the victims of this scam and I feel worse for these emotionally bankcorrupt employees of UBB Amanah Bhd. How does it feel to be so spineless and selfish? How do you sleep at night knowing you caused people so much harm?

    - CONS: just a bunch of conmen and conwomen
    Helpful(3) Unhelpful(2)You have already voted this
  34. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    This is a fake review, no substance

    + PROS: Reputable firm
    - CONS: Fake review
    Helpful(2) Unhelpful(2)You have already voted this
  35. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    Great and reliable company, this review is fake

    Helpful(1) Unhelpful(2)You have already voted this
  36. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    rubbish, fake review.

    Helpful(1) Unhelpful(3)You have already voted this
  37. 0.1
    Trust
    10
    Experience
    0
    Transparency
    0
    Ethics
    0

    UBB Amanah Berhad is nothing but a scam. Anyone saying otherwise is a paid shill who is working for the company itself. They are just trying to manipulate the rating by posting a bunch of 5 star reviews. Cause they know it’s a scam, they can’t do anything but whine and cry. Avoid these nobody, don’t pay attention to them, let alone money

    Helpful(2) Unhelpful(3)You have already voted this
  38. 0.1
    Trust
    0
    Experience
    10
    Transparency
    0
    Ethics
    0

    Losers

    Helpful(1) Unhelpful(3)You have already voted this
  39. 0.1
    Trust
    10
    Experience
    0
    Transparency
    0
    Ethics
    0

    All 5-star reviews are paid. They are posted by desperate employees trying to keep scamming people and leaping off poor people. These low-life scums have nothing better to do but steal money from hard-working people. A bunch of losers runs UBB Amanah.

    Helpful(1) Unhelpful(2)You have already voted this
  40. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    Utter nonsense review

    i have entrusted the welfare of my family’s future to Ubb and I have not looked back at all.

    Great innovative products and amazing customer service. Highly recommend this firm

    + PROS: Great company
    - CONS: fake review
    Helpful(1) Unhelpful(1)You have already voted this
  41. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    this is amateur level nonsense, the author of this fake review doesn’t even know what the company is all about, just spews BS based on so called online threads(which are in itself garbage).

    not worth to read.

    - CONS: Fake review
    Helpful(1) Unhelpful(1)You have already voted this
  42. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    Great experience dealing with Ubb

    This fake review just trying to remain relevant

    - CONS: Fake review, clickbait
    Helpful(1) Unhelpful(1)You have already voted this
  43. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    Nonsense write up, mere attempt at tarnishing reputation of a reliable company

    - CONS: rubbish review, not factual. just fake and false info.
    Helpful(1) Unhelpful(1)You have already voted this
  44. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    A pioneer in the trust industry, Ubb is a premier trustee in Malaysia

    + PROS: 5 years, 3 different trust products and zero complaints.
    - CONS: fake review
    Helpful(0) Unhelpful(1)You have already voted this
  45. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    rubbish fake review, Ubb is led by highly distinguished individuals

    + PROS: Great company, very professional
    Helpful(0) Unhelpful(1)You have already voted this
  46. 4.6
    Trust
    90
    Experience
    100
    Transparency
    90
    Ethics
    90

    fake review, not worth reading. total nonsense

    + PROS: company with solid foundation
    - CONS: fake review, only a clickbait attempt
    Helpful(0) Unhelpful(1)You have already voted this
  47. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    rubbish review, author has no idea what this business is even about.

    + PROS: Myself and many friends are clients of Ubb, we are satisfied and no issue
    - CONS: this review is fake news by kclau
    Helpful(0) Unhelpful(1)You have already voted this
  48. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    As a long time client of ubb, i can attest that this article is false and unsubstantiated.

    + PROS: I’m a long term client of Ubb, not a single issue all these years.
    - CONS: this article is fake news
    Helpful(0) Unhelpful(1)You have already voted this
  49. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    highly ethical and reputable firm, Ubb is a household name in Malaysia.

    + PROS: Ubb is a highly reputable firm, governed by various legal acts in Malaysia
    - CONS: waste of time review, author clearly a hired conman
    Helpful(0) Unhelpful(1)You have already voted this
  50. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    Ubb is reputable, this review author is a coward hiding in obscurity.

    + PROS: Great company to deal with
    - CONS: This is a paid, fake review. The author clearly never has any business with Ubb
    Helpful(0) Unhelpful(1)You have already voted this
  51. 0.1
    Trust
    0
    Experience
    0
    Transparency
    0
    Ethics
    10

    Site admins, please ban this spammer, they just admitted that these 10/10 reviews are being posted by employees. That should be against policy. Ban these scammers.

    Helpful(0) Unhelpful(3)You have already voted this
    • you are damaging the good name of the employees with your baseless review, they can defend themselves all they want. don’t be a coward

  52. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    this is a defamation article. KCLAU hiding in taiwan and making stuff up.

    + PROS: no issues with ubb, great team that handles clients
    - CONS: Clickbait article, waste of time. no facts, only based on garbage created online. kclau is a cibai.
    Helpful(1) Unhelpful(2)You have already voted this
  53. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    I work at Ubb for more than 6 years, our agents are highly trained and knowledgable about the products we deal in. We are very transparent in our business.

    Our clients trust us because we can accommodate all their specific needs.

    This review just desperately trying to tarnish the company that has helped so many people have a secure future.

    Disgusting attempt by KCLAU.

    + PROS: I love working at Ubb, hope for a long career here
    Helpful(2) Unhelpful(1)You have already voted this
  54. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    Click bait article.

    Ubb is a old reputable company.

    + PROS: Ubb is reputable, reliable
    - CONS: KCLAU is a con artist
    Helpful(2) Unhelpful(1)You have already voted this
  55. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    Clickbait ‘review’, total fraud write up.

    UBB is a reputable and well known company, been open for business for MORE THAN 30 YEARS!

    My family has 2 generations that has business with Ubb

    + PROS: Ubb is trustworthy company
    - CONS: This article is a clickbait
    Helpful(4) Unhelpful(2)You have already voted this
  56. 0.1
    Trust
    0
    Experience
    10
    Transparency
    0
    Ethics
    0

    Mereka adalah penipu. Jangan berniaga dengan mereka. Mereka akan menjarah anda untuk setiap sen yang anda ada. Ayah saya telah kehilangan wang dengan salah seorang eksekutif UBB. Saya merayu anda untuk mengelakkan mereka.

    Helpful(2) Unhelpful(5)You have already voted this
  57. 0.1
    Trust
    10
    Experience
    0
    Transparency
    0
    Ethics
    0

    Strongly discourage anyone from investing with this. I am one hundred percent certain they rigged the investment system to take your money at the last second, making you believe it was simply poor luck, because that occurred to me in 99 percent of all investments. I am not a newbie investor and am able to interpret graphs and perform technical analysis.

    - CONS: scammers
    Helpful(1) Unhelpful(7)You have already voted this
    • oi bodo, it’s not an investment firm. read the fine prints, otherwise people might think KCLAU is an ignorant cowardly cibtard.

  58. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    Been a client with UBB since my first job, many years ago. They also delivered on the terms of my investments, never had an issue at all

    This “review” is a lie

    + PROS: ubb is a great company, trustworthy and reliable
    - CONS: KCLAU is a conman who is paid to write this fake review
    Helpful(6) Unhelpful(3)You have already voted this
  59. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    Have been a client of Ubb for more than 10 years, all my investments are secure, they are fully transparent and i can review my terms anytime i want.

    this is a useless article, paid to tarnish image job by kclau

    + PROS: great company, highly rated and highly recommend
    Helpful(7) Unhelpful(3)You have already voted this
  60. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    Invested over 100k 5 years ago, my asserts are growing great and my ROI is impressive.

    UBB has always delivered on the terms of agreement!!

    this article is a scam

    + PROS: UBB is a trusted company, i feel very secure dealing with them.
    Helpful(6) Unhelpful(3)You have already voted this
  61. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    Ubb is an old company, with great track record.

    This “review” is just a paid attempt by competitors to tarnish. Useless and uninformed writer.

    + PROS: UBB is a great company, can be trusted and valued by millions.
    - CONS: this review author is a conman
    Helpful(8) Unhelpful(2)You have already voted this
  62. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    This article is the real ponzi, waste of time to even read, it’s garbage.

    + PROS: UBB Amanah Berhad is a old, respected firm
    Helpful(7) Unhelpful(2)You have already voted this
  63. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    UBB Amanah is a 30 year old company, operating in Malaysia since 1988. Is the author of this useless article suggesting that the authorities in malaysia wouldn’t have noticed anything unusual?

    Pathetic attempt at tarnishing a solid and respectable company.

    + PROS: Great, respectable and very private and confidential company, well worth the investments and amazing returns
    - CONS: this article is a scam, written by a conman on behalf of a failing company.
    Helpful(7) Unhelpful(2)You have already voted this
  64. i dont see any evidence, just alot of assumptions and assertions in this useless “review”. btw, does any financial organisation reveals how it makes ROI?? please provide one evidence of such..

  65. 0.85
    Trust
    20
    Experience
    30
    Transparency
    10
    Ethics
    10

    Tidak ada orang yang boleh mempercayai penipu ini. Aku merasa buruk bagi siapa pun yang jatuh untuk penipuan ini.UBB Amanah Berhad telah mencuri wang daripada pelaburnya selama bertahun-tahun.

    Helpful(2) Unhelpful(7)You have already voted this
    • alaaaa nak menipu tapi tak bagi bukti..kalau betul ubb ambik duit orang, show evidence la. lu ada buat police report? bodh

  66. I appreciate the efforts here but I also feel sorry for whoever wrote this article. UBB Amanah Berhad has a large team of lawyers and marketers. They have been able to silence their critics for years. Then again, I’m happy to see someone speaking out the truth.

    • you must be a big ignorant fool to claim that this half baked copy pasted “review” is the truth. i dont see any evidence, just alot of assumptions and assertions. btw, do you know of any financial organisation that reveals how it makes ROI??

  67. 0.25
    Trust
    20
    Experience
    0
    Transparency
    0
    Ethics
    0

    Penipu pencuri

    - CONS: Penipu Pencuri
    Helpful(2) Unhelpful(6)You have already voted this
  68. 0.25
    Trust
    10
    Experience
    0
    Transparency
    10
    Ethics
    0

    I’m surprised why no one called them out before. Their ads are proof they are scam.
    mereka merompak orang dan mereka fikir tidak mengapa untuk berbuat demikian. Saya tidak mempercayai mereka

    Helpful(1) Unhelpful(6)You have already voted this
  69. 0.5
    Trust
    10
    Experience
    0
    Transparency
    20
    Ethics
    10

    I have lost RM50,000 because of UBb amanah in 2019.

    If someone invests with this company then I feel bad for them.

    UBb doesn’t give any positive returns these days

    Helpful(1) Unhelpful(7)You have already voted this
  70. 0.25
    Trust
    20
    Experience
    0
    Transparency
    0
    Ethics
    0

    Agree 100%. This company has scam written all over it. Im surprised SC hasn’t done anything about it yet.

    Helpful(1) Unhelpful(6)You have already voted this
  71. 0.1
    Trust
    10
    Experience
    0
    Transparency
    0
    Ethics
    0

    Invested in their crisis fund a few years ago. The agent never told me about the 3% fees. I don’t recommend UBB Amanah Berhad 👎

    + PROS: Great liars
    - CONS: Cheats
    Helpful(1) Unhelpful(4)You have already voted this
  72. 0.6
    Trust
    10
    Experience
    20
    Transparency
    10
    Ethics
    10

    I have seen some of their Ads.

    When I read their brochures I noticed the same thing you did.

    They give no information on how they generate returns. That alone is a big red flag.

    Helpful(1) Unhelpful(3)You have already voted this
  73. 0.6
    Trust
    10
    Experience
    10
    Transparency
    20
    Ethics
    10

    They are a bunch of thieves, nothing more and nothing less.

    And KCLau has helped numerous people make actual money. He is not selling a fake scheme which lies to people about its returns

    + PROS: No pros
    - CONS: Lie to people Fake
    Helpful(1) Unhelpful(3)You have already voted this
    • kclau is a punde piece of turd conman who’s got no guts to show up in malaysia so hes hidingh in taiwan, like a wuss.

  74. 0.75
    Trust
    20
    Experience
    10
    Transparency
    10
    Ethics
    20

    My mother lost a lot of money investing in this fraud scheme…UBB Amanah has very greedy agents.

    Helpful(1) Unhelpful(3)You have already voted this
  75. 0.5
    Trust
    10
    Experience
    10
    Transparency
    10
    Ethics
    10

    Ubb has been running this scam for years man. They need to be shut down.

    + PROS: None
    - CONS: Scam
    Helpful(1) Unhelpful(3)You have already voted this
  76. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    Poor article, KCLAU is a conman

    - CONS: kclau is a conman
    Helpful(3) Unhelpful(1)You have already voted this
  77. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    this is a poor attempt at tarnishing the reputation of a good company. done by conman KCLAU

    + PROS: UBB is a legitimate company, with great track record.
    Helpful(3) Unhelpful(2)You have already voted this
  78. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    UBB AMANAH is a reputable company, has been present in Malaysia for many decades.

    This is just attempting to tarnish good reputation.

    + PROS: Great and reputable company, always delivered on its assurances.
    Helpful(3) Unhelpful(2)You have already voted this
  79. This useless review is based off other reviews? what a pathetic attempt at tarnishing the reputation of a longstanding company.

    this phony website itself is a sham. go to trustpilot for legitimate reviews.

  80. 5
    Trust
    100
    Experience
    100
    Transparency
    100
    Ethics
    100

    KCLAU wrote this useless review, cause he gets paid to do rubbish like this. he doesn’t know anything about finance or investing, just a conman.

    + PROS: Established company, led by a team of highly respected individuals. Great potential.
    Helpful(4) Unhelpful(2)You have already voted this
  81. 0.5
    Trust
    10
    Experience
    10
    Transparency
    10
    Ethics
    10

    what a nonsense piece, unsubstantiated and copy paste from various places trying to make it seem like an honest work. can’t even get the details right. waste of time to even bother reading

    + PROS: UBB AMANAH BERHAD is an established firm, governed by various legal Acts of Malaysia.
    - CONS: This author does not know the subject matter at all
    Helpful(4) Unhelpful(1)You have already voted this
  82. 0.1
    Trust
    10
    Experience
    0
    Transparency
    0
    Ethics
    0

    Guys like that get away with everything they always do it pisses me off

    Helpful(0) Unhelpful(6)You have already voted this
  83. Don’t be greedy

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