PTPTN has previously clarified that their loan scheme does not have elements of riba. <small> Cover image via Datuk Ahmad Yakob/Facebook Oh Media </small>
A PAS leader recently said that he hopes the new coalition government, Perikatan National, will work towards abolishing riba interests in National Higher Education Fund (PTPTN) repayments
<i><b>Riba</b></i><b></b><b> is a concept in Islamic banking that refers to the charging of unreasonably high-interest rates</b>.
PAS deputy Mursyidul Am (Spiritual Leader) Datuk Ahmad Yakob told Harian Metro that his party wants PTPTN borrowers to only pay back the amount of money they loaned, and nothing more.
He said, "If the Perikatan Nasional government today couldn't solve the issue of PTPTN debt, they could at least abolish <i>riba</i>."</p>
He stressed that PTPTN borrowers should not be given an exemption and they still need to repay the loan regardless
“But just don’t put an interest rate,” he added.
Datuk Ahmad Yakob also mentioned that Islam believes that a person must pay back the money they have borrowed.
PTPTN previously clarified in the past that their loan has no elements of riba
In an official press release published in 2016, PTPTN explained that their loan scheme is Shariah-compliant and has been approved by the National Council for Malaysian Islamic Affairs.
<p>They also highlighted that the 1% interest rate imposed on borrowers cannot be considered as <i>riba </i>because it does not make up their profit and it is used by PTPTN cover the cost of their operations.</p>
Previously, five individuals filed a lawsuit against the Pakatan Harapan government for not fulfilling General Election (GE14) promises regarding PTPTN:
Read more recent news on SAYS:
All copyrights for this article are reserved to DIY