Zafrul urges banks to forgo interest accrued under moratorium
Published:  May 2, 2020 9:31 AM
Updated: 1:35 AM

Finance Minister Tengku Zafrul Tengku Abdul Aziz has urged banks to "consider" not charging accrued interest or profit during the loan repayment moratorium period.

"Considering that there is a possibility that this could happen and after listening to the needs of the rakyat, I urge all financial institutions... to consider (not charging) accrued interest (for hire purchase loans) or profit (for fixed-rate Islamic financing loans) during the six-month (repayment) moratorium," he said in a Facebook post this morning....

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