Moratorium: Finance Minister asks banks to consider abolishing accrued interest on HP loans

KUALA LUMPUR, May 2 — Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz today requested that financial institutions consider abolishing the accrued interest on hire purchase (HP) loans, as well as profit from their fixed-rate Islamic financing, during the six-month moratorium period on loan repayments. Taking to his Facebook page today, Zafrul said that though … Continue reading Moratorium: Finance Minister asks banks to consider abolishing accrued interest on HP loans