BFM 89.9

HIGHLIGHTS 
Podcast  >  Morning Run  >  Morning Brief  >  Loan Sharks Increasingly Tech-Savvy : Consumers Beware

Loan Sharks Increasingly Tech-Savvy : Consumers Beware

Dr Zaharuddin A. Rahman, CEO, Elzar Shariah Solution & MyClass Technologies

18-Jul-24 08:45

Loan Sharks Increasingly Tech-Savvy : Consumers Beware

Loan sharks have increasingly turned to digital platforms to extend their reach, with Bukit Aman recently uncovering a loan shark syndicate that recruited henchmen via Facebook ads and then communicated tasks via Whatsapp. Dr Zaharuddin A Rahman, a shariah advisor at shariah consultancy firm, Elzar Shariah Solution, shed some light into how this has been happening and how the public can be more vigilant.


Image Credit: Shutterstock.com

Produced by: Grace Tan, Valeryn Izabel Venu

Presented by: Wong Shou Ning, Shazana Mokhtar, Keith Kam


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  politics,  Law/Activism,  controversies,  young finance,  alternatives

Tags:  financial alternatives,  loan sharks,  financial advisory,  online scams, 


Latest Podcasts




Play / Pause

Listen now : BFM 89.9 -- The Business Station

Today’s Shows



11:00 AM

Best of Enterprise

(REPEAT) 1337 Ventures' Bikesh Lakhmichand shares a founder's guide to the first investor meeting, explaining what VCs, angels, and ECF platforms really want to see.

12:00 PM

BBC World Service

(REPEAT) This week on Science in Action, stories on a major new telescope survey that have started in Chile while scientists are also beginning a project to create fully synthetic human chromosomes.

1:00 PM

A Bit of Culture

(REPEAT) Kam Raslan, Matt Armitage and debutant Chin Kar Yern get together to talk about not using ChatGPT and its implication, public spaces and the foreign language of tech.

2:00 PM

Ringgit & Sense

(REPEAT) Alvin Tan of the Financial Planning Association of Malaysia (FPAM) discusses aspects of Malaysian Gen Zers personal finance.

2:30 PM

The Property Show

(REPEAT) Imran Clyde of Nextdor Property Communications shares his insights on the legal aspects of property advertising.

3:00 PM

Best of The Bigger Picture

(REPEAT) How patients diagnosed with nasopharyngeal cancer have found hope and companionship in the Cancer Survivor Support Group.

4:00 PM

Best of Evening Edition

(REPEAT) We speak to board game designer Goh Choon Ean about what makes Malaysian board games unique.

5:00 PM

BBC World Service

This episode of People Fixing The World looks at a community that tackles poverty via the traffic light system.