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| PIDM shall protect Islamic and conventional depositors, provide incentives for promoting sound risk management and promote and contribute to the stability of the financial system in Malaysia. PIDM will fulfill its mandate in an efficient and effective manner, having regard to the interests of its employees and other stakeholders. |
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| To be recognised as the most effective deposit insurer in Southeast Asia by 2008 and acknowledged as one of the leading deposit insurers in the world by 2010. |
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| The objects of PIDM are set out in the Act. These are to: |
| - Administer a deposit insurance system under the PIDM Act |
| - Provide insurance against the loss of part or all deposits of a member institution |
| - Provide incentives for sound risk management in the financial system |
| - Promote or contribute to the stability of the Malaysian financial system |
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| PIDM will pursue these objects for the benefit of depositors and shall act in such a manner to minimise costs to the financial system. |
