KUALA LUMPUR: The Madani Mart, launched last Friday, is not a rebranding of Kedai Rakyat 1Malaysia and does not involve any provision of start-up capital or operational costs from the government.
Yayasan Madani (Madani Mart operations) manager Lutfi Mohd Ariffin said Madani Mart is fully driven by entrepreneur participation based on market mechanisms and private ownership.
“Madani Mart is a business model based on a public-private- social partnership. It operates through a licensing model with Yayasan Madani acting as the licensor for the branding, concept and business model registered under the Intellectual Property Corporation of Malaysia without involving any capital outlay by the foundation.
“Each outlet is fully owned and operated by entrepreneurs under their respective business entities.
“This structure ensures that every Madani Mart is owned by local entrepreneurs, not by the government or the foundation,” he said in a statement, Bernama reported.
In this regard, Lutfi described claims that Madani Mart is funded by the government, owned by certain parties or has hidden interests as baseless and not supported by the actual implementation facts.
He said Madani Mart operates under professional management, with the Yayasan Madani Board of Trustees ensuring the organisation’s direction, integrity and compliance.
“Board members act as trustees and have no personal interest in the business operations.
“Yayasan Madani only holds rights to the branding, copyright, concept and business model, while ownership of the outlets rests entirely with the entrepreneurs,” he said.
