KUALA LUMPUR: Islamic banking players have been urged to be
sympathetic to house buyers of abandoned projects and not burden them with debt
as it may lead to bankruptcy.
Malaysian
Muslim Consumers Association (PPIM) financial services monitoring bureau chief,
Sheikh Abdul Kareem Said Khadaied said many house buyers face legal action
filed by Islamic banking players demanding high payment for uncompleted houses.
Sheikh
Abdul Kareem, who was the third panel member, said as an Islamic entity, banks
should think of problems faced by Muslim consumers and the officers should
discretion to help the house buyers.
PPIM
activist Shirazdeen Adam Shah served as forum moderator with Bank Islam
Malaysia Bhd sharia division head, Ustaz Mohd Nadzri Chik as second panel
member and Bank Muamalat Malaysia Bhd former chief executive officer, Datuk
Abdul Manap Abdul Wahab as fourth panel member.
First
panel member was Dr Nuarrual Hilal Md Dahlan, director of Institute for
Governance and Innovation Study, Universiti Utara Malaysia (UUM)
.
Nurrual
said Bank Negara should improve Islamic banking to benefit consumers,
especially buyers of houses in abandoned projects.
The
government should compel all private developers to complete the houses and sell
them by including warranty insurance to avoid problems.
He
also urged consumers to buy from government developers like Syarikat Perumahan
Nasional Berhad (SPNB) to avoid the risk of bankruptcy.
(Borneo Post Online / 15 Oct 2012)
---Alfalah Consulting - Kuala Lumpur: www.alfalahconsulting.com
Consultant-Speaker-Motivator: www.ahmad-sanusi-husain.com
Islamic Investment Malaysia: www.islamic-invest-malaysia.com
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