Citation
Muhammad Arif, Afida Mastura
(2009)
The licensing system under the Malaysian Moneylenders Act 2003.
International Journal of Economics and Management, 3 (1).
pp. 1-21.
ISSN 1823-836X
Abstract
Moneylending business is a longstanding industry that had served consumers from various backgrounds in Malaysia. This industry is regulated by the Moneylenders Act 1951, which has gone through a major amendment in 2003. One of the main areas of reform is the licensing regime. Licensing identifies competent traders and excludes the incompetent and dishonest. The old licensing system was criticised of being too general, lenient and outdated. This article will examine and analyse the new licensing system to determine whether these weaknesses have been rectified.
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Official URL or Download Paper: http://econ.upm.edu.my/ijem/vol3_no1.htm
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | Faculty of Human Ecology |
| Publisher: | Faculty of Economics and Management, Universiti Putra Malaysia |
| Keywords: | Moneylending; Moneylenders; Moneylenders Act; Licence |
| Depositing User: | Emelda Mohd Hamid |
| Date Deposited: | 18 Oct 2013 07:50 |
| Last Modified: | 02 Jul 2015 04:31 |
| URI: | http://psasir.upm.edu.my/id/eprint/17240 |
| Statistic Details: | View Download Statistic |
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