Financial institutions urged to abolish accrued interest/profits during moratorium
the Sun Daily - Local·2020-05-02 12:42
KUALA LUMPUR: Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz today urged financial institutions to consider abolishing the accrued interest (on hire purchase loans) or profits (on fixed rate Islamic financing) during the six-month moratorium period.
He made the call following confusion over the accrued interest rate or profits with regard to the moratorium period offered by financial institutions.
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