Licensed moneylending industry as an alternative financial service in Malaysia

• Main Authors: Sandhu, Daljit Kaur, Muhammad Arif, Afida Mastura, Abu Bakar, Elistina, Abdul Rahim @ Abdul Wahab, Husniyah
• Format: Article
• Published: Malaysian Financial Planning Council 2019
• Online Access: http://psasir.upm.edu.my/id/eprint/81219/; https://www.mfpc.org.my/portfolio/volume-6-issue-2019/
• Institution: Universiti Putra Malaysia

Moneylending in Malaysia began informally before independence with the Nattukottai Chettiars pillared by their temple institution, and the Punjabi Sikh community supported by their motherland Punjab (Lal, 2003; Manjit, 1991). It was spearheaded by mutual trust between lenders and borrowers using han...