Koperasi Niaga Teras Berhad (KONTRAS) is a co-operative for Muslim consumers registered with Suruhanjaya Koperasi Malaysia envisioned to become a mega co-op. Its membership is open to all Malaysian Muslim aged 18 and above. Members are required to invest minimum amount of RM1,000 as capital share. Kontras main objective is to pool at least RM1.5 billion funds from its potential members to open 6,585 Kontras Outlet nationwide. Each Kontras outlet shall be a commercial and charity centre for the surrounding community. As a commercial centre, Kontras Outlet offers cheapest prices for groceries, apparels and lodging. Whereas as a charity centre, Kontras shall become a one-stop transit that provides shelter, clothing and food for the less fortunate. That is why we combined groceries, apparels and hostel in one place. A member shall receive extra discounted price, cashback rewards, purchases by installments, short-term qard al-hasan and dividends from shares. Kontras is targeting 15% annual dividend for its members.
As Kontras grow in term of Share Capital and Accumulated Profits, it shall explore other businesses such as agriculture, property, leasing and fintech. Kontras shall continue spreading its wings with its disruptive business models from time to time. We welcome you to become a member!
To become the No.1 Grocery in Malaysia
To open 6,585 Outlets Natiowide
Name of the Co-op
Koperasi Niaga Teras Selangor Berhad (KONTRAS)
Retail Shop, BNPL & Home Ownership
Shariah-Compliant & Disruptive Businesses
Date of Registration
24 March 2022
B2-3-7 Temasya 8, Glenmarie U1/67, 40150 Shah Alam
+6 03 - 86005885
Website & Email
Certificate of Registration
Initial discussion to establish Kontras by a group of IIUM Alumni
Kontras was duly registered as a co-op
First Kontras Outlet started its business
Venture into Agriculture
Started Kontras Urban Farm Project
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