The licensing system under the Malaysian Moneylenders Act 2003
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 co...
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Faculty of Economics and Management, Universiti Putra Malaysia
2009
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| Online Access: | http://psasir.upm.edu.my/id/eprint/17240/1/17240.pdf |
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oai:psasir.upm.edu.my:17240 http://psasir.upm.edu.my/id/eprint/17240/ The licensing system under the Malaysian Moneylenders Act 2003 Muhammad Arif, Afida Mastura 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 The old licensing system was criticised of being too general, lenient and outdated.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. Faculty of Economics and Management, Universiti Putra Malaysia 2009-06 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/17240/1/17240.pdf 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 http://econ.upm.edu.my/ijem/vol3_no1.htm |
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English |
| description |
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 The old licensing system was criticised of being too general, lenient and outdated.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. |
| format |
Article |
| author |
Muhammad Arif, Afida Mastura |
| spellingShingle |
Muhammad Arif, Afida Mastura The licensing system under the Malaysian Moneylenders Act 2003 |
| author_facet |
Muhammad Arif, Afida Mastura |
| author_sort |
Muhammad Arif, Afida Mastura |
| title |
The licensing system under the Malaysian Moneylenders Act 2003 |
| title_short |
The licensing system under the Malaysian Moneylenders Act 2003 |
| title_full |
The licensing system under the Malaysian Moneylenders Act 2003 |
| title_fullStr |
The licensing system under the Malaysian Moneylenders Act 2003 |
| title_full_unstemmed |
The licensing system under the Malaysian Moneylenders Act 2003 |
| title_sort |
licensing system under the malaysian moneylenders act 2003 |
| publisher |
Faculty of Economics and Management, Universiti Putra Malaysia |
| publishDate |
2009 |
| url |
http://psasir.upm.edu.my/id/eprint/17240/1/17240.pdf |
| _version_ |
1782719148228345856 |
| score |
12.935284 |