Universiti Tun Abdul Razak was known as "UNITAR" from 1997 until Oct 2009. The idea for the establishment of Universiti Tun Abdul Razak was mooted by Datuk Hassan Harun, the former chairman of KUB Malaysia Berhad. His strong interest and vast experience in the field of education materialised with the setting up of Maktab Adabi, in 1969. From this humble beginning, he continued to work on his vision for a bumiputra-owned private university. With the advent of the IT age, Datuk Hassan incorporated the idea of an IT-based learning environment. His working paper was presented to the then Prime Minister of Malaysia, YAB. Tun Dr. Mahathir Mohamad in 1996. After deliberating on the proposal, the Prime Minister gave his blessing. This proposal was then presented to YB. Dato' Sri Mohd Najib Tun Razak, who was then the Minister of Education. Dato' Sri Mohd Najib and members of the late Tun Abdul Razak's family were agreeable to the establishment of the university and also the use of Tun Abdul Razak's name for the university. The name is significant as Tun Abdul Razak is also known as the Father of Development, and the university aspires to actively contribute to the development efforts of the nation. Universiti Tun Abdul Razak was launched on the 21st of December, 1998. Its establishment was of great significance, as it is part of a larger national agenda to liberate and democratise education in the country. UNITAR was used as its acronym. On 1st March 2007 , Tun Abdul Razak Education Foundation (Yayasan PINTAR) acquired Universiti Tun Abdul Razak from KUB Malaysia Berhad. On 9th October 2009 , Universiti Tun Abdul Razak was officially rebranded with the new acronym of UNIRAZAK and moved its headquarters from its Pintar Campus to CapSquare, located in the heart of Kuala Lumpur. It incorporated a new vision - "To become the leading institution in providing quality education and human capital in 'niche' areas among emerging economies". And reinvented itself as yet another pioneering university by developing 15 new innovative programmes in specialised areas such as professional accounting, taxation, insurance, retail & hypermarket, islamic financial planning, government & public policy, and many others. The existing programmes with 9,000 students remained at Pintar Campus in Petaling Jaya. To further faciliate its new vision, on 1st August 2011 , UNIRAZAK Pintar Campus in Petaling Jaya was reestablished as a new entity and renamed as University of Management and Technology (UMTECH). UMTECH was assigned to managed the remaining 9,000 students of UNIRAZAK including its regional centres. On 22nd May 2012 , UMTECH was acquired by Nilam Suria Sdn. Bhd., in which Ekuinas (Ekuiti Nasional Malaysia Berhad) holds the majority stake, together with other private investors. UMTECH was renamed as Unitar International University (UIU) on 18th October 2012 . As such, UNIRAZAK and UIU are two different institutions owned by unrelated stakeholders and offering non-related programmes of study.