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Loan Sharks Increasingly Tech-Savvy : Consumers Beware

Dr Zaharuddin A. Rahman, CEO, Elzar Shariah Solution & MyClass Technologies

18-Jul-24 08:45

Loan Sharks Increasingly Tech-Savvy : Consumers Beware

Loan sharks have increasingly turned to digital platforms to extend their reach, with Bukit Aman recently uncovering a loan shark syndicate that recruited henchmen via Facebook ads and then communicated tasks via Whatsapp. Dr Zaharuddin A Rahman, a shariah advisor at shariah consultancy firm, Elzar Shariah Solution, shed some light into how this has been happening and how the public can be more vigilant.


Image Credit: Shutterstock.com

Produced by: Grace Tan, Valeryn Izabel Venu

Presented by: Wong Shou Ning, Shazana Mokhtar, Keith Kam


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Categories:  politics,  Law/Activism,  controversies,  young finance,  alternatives

Tags:  financial alternatives,  loan sharks,  financial advisory,  online scams, 


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