Loan Sharks Increasingly Tech-Savvy : Consumers Beware
Dr Zaharuddin A. Rahman, CEO, Elzar Shariah Solution & MyClass Technologies
18-Jul-24 08:45
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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,