Meeting Summary:
1. Strategic Collaboration with KPKT
AoDL will serve as a strategic partner to KPKT, acting as both a collaborative platform and a digitalisation consultant for moneylenders seeking to modernise their operations.
2. Recognition as an Official Association
AoDL is confirmed as a recognised industry association, empowered to accept membership from both digital and traditional (non-digital) moneylenders.
3. Membership Onboarding and Verification
The process for onboarding new members will include formal documentation and verification through official membership forms and email confirmation to ensure transparency and traceability.
4. Inclusive Membership Scope
The association will also be open to entities not governed under KPKT, such as those offering Shariah-compliant financing models, promoting a more inclusive ecosystem.
5. Promoting Trust and Curbing Illegal Lending
AoDL aims to enhance public trust and transparency in the moneylending sector, collaborating with licensed moneylenders to collectively address and reduce the prevalence of illegal loan shark activities.
6. KPKT Circular to Licensed Moneylenders
On 13 June 2025, KPKT issued a circular encouraging licensed moneylenders to join verified industry associations, further solidifying AoDL’s role in strengthening industry governance and best practices.
