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Bank Negara must help defaulters of Islamic banking: CAP

Posted on 14 October 2009

From Thestar.com.my: Bank Negara Malaysia should help defaulters of the popular ‘Bai Bithaman Ajil’ (BBA) home financing so that consumers who have put their faith in Islamic financing are not short changed.

Consumer’s Association of Penang (CAP) president S. M. Mohamed Idris said presently the defaulters ended up worst than defaulters of other conventional housing loans as BBA was an Islamic home financing where interest was not allowed to be charged…………………..Full Article: Source

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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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