A comparative approach of money lending activities practiced by the financial institution and "ah long" in Malaysia

@inproceedings{Abdullah2007ACA,
  title={A comparative approach of money lending activities practiced by the financial institution and "ah long" in Malaysia},
  author={Nurazzelena Abdullah and Hawang Hanafi},
  year={2007}
}
Recently, due to the easily loan facility from the financial institution, money lending activities had flourished vividly for instance in purchasing goods by way of hire purchase contract is common to the society at large. Hire purchase contract is a money lending or loan by way of leasing, the ownership shifted until the final payment is made. On the other hand, illegal financial institution, or well known as "Ah Long" had mushrooming into the society as well. Hence, without realizing both… CONTINUE READING

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