PTPTN is " RIBA"

Hi all..okay this time I wanna talk about loan. Nowadays, loan is a compulsory for education, purchasing new car, house and so on. However, do you aware, when we make a loan at the bank and so on, they tend to charge us more than we borrow. So now, let me explain this with situation.

In year 1995, Sam borrow RM 1 from Ah Seng. In 2015, Sam coincidentally meet Ah Seng and he remember about his loan last 10 years. He then pays Ah Seng RM 1. 

So, the question lay here. Do the amount of RM 1 in year 1995 and year 2015 still same? For example, we can buy 5 packets of MAMEE MONSTER in 1995 with RM 1, but how many MAMEE MONSTER we can get in 2015? Only 3 packets right?So, this is INFLATION that already I explain in the last entry.

So, the charge for our loan is not "riba" at all as long as their percent is low. For example PTPTN, they only take 1% from our loan to cope with inflation rate per year. However, if the percent is unbelievable high, think wisely.

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