Shariah-compliant 1% interest on study loans 'can't be abolished'


Nabihah Hamid

National Higher Education Fund (PTPTN) counters at the Higher Education Ministry in Putrajaya. The PTPTN chairman says the 1% interest charged is not to make a profit, as claimed by those who took loans from the agency. – The Malaysian Insight pic by Kamal Ariffin, August 9, 2017.

IT is not right to abolish the 1% interest in administrative costs for National Higher Education Fund (PTPTN) loans as it is shariah-compliant, said chairman Shamsul Anuar Nasarah.

“The shariah-compliant interest on the loans was decided by the National Fatwa Council. 


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