Protecting the pawners: appraising the role of the Ministry of Housing and Local Authorities
The role of consumer credit in modern society is vital particularly when poor economic conditions prevail and cost of living soars. It is prevalent that low and middle-income earners pledge their valuable in exchange for cash by resorting to pawnshops which are often labeled as a bank for poor. Bein...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Canadian Center of Science and Education
2019
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| Online Access: | http://psasir.upm.edu.my/id/eprint/81872/ http://psasir.upm.edu.my/id/eprint/81872/1/Protecting%20the%20pawners.pdf |
| _version_ | 1848859189454045184 |
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| author | Kassim, Salina Hassan, Rusni Abu Bakar, Elistina Ilias, Ibtisam @ Ilyana |
| author_facet | Kassim, Salina Hassan, Rusni Abu Bakar, Elistina Ilias, Ibtisam @ Ilyana |
| author_sort | Kassim, Salina |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | The role of consumer credit in modern society is vital particularly when poor economic conditions prevail and cost of living soars. It is prevalent that low and middle-income earners pledge their valuable in exchange for cash by resorting to pawnshops which are often labeled as a bank for poor. Being on the disadvantage side of having low bargaining power, the role of a regulator is indispensable. Therefore, this study examines the role of Ministry of Housing and Local Government which has been mandated to safeguard the interest of pawners under conventional pawnbroking transaction in Malaysia. The scope of discussion covers its institutional set-up, organisational structure while regulatory powers concentrate on licensing and enforcement based on the relevant statutory provisions. The discussion identifies several shortcomings in respect of licensing requirements, enforcement powers and human resources. Overall, the study finds that entrusting this ministry with consumer protection function is inappropriate. Recommendations to enhance protection for this class of consumer are proposed. |
| first_indexed | 2025-11-15T12:25:23Z |
| format | Article |
| id | upm-81872 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T12:25:23Z |
| publishDate | 2019 |
| publisher | Canadian Center of Science and Education |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-818722020-10-17T19:47:53Z http://psasir.upm.edu.my/id/eprint/81872/ Protecting the pawners: appraising the role of the Ministry of Housing and Local Authorities Kassim, Salina Hassan, Rusni Abu Bakar, Elistina Ilias, Ibtisam @ Ilyana The role of consumer credit in modern society is vital particularly when poor economic conditions prevail and cost of living soars. It is prevalent that low and middle-income earners pledge their valuable in exchange for cash by resorting to pawnshops which are often labeled as a bank for poor. Being on the disadvantage side of having low bargaining power, the role of a regulator is indispensable. Therefore, this study examines the role of Ministry of Housing and Local Government which has been mandated to safeguard the interest of pawners under conventional pawnbroking transaction in Malaysia. The scope of discussion covers its institutional set-up, organisational structure while regulatory powers concentrate on licensing and enforcement based on the relevant statutory provisions. The discussion identifies several shortcomings in respect of licensing requirements, enforcement powers and human resources. Overall, the study finds that entrusting this ministry with consumer protection function is inappropriate. Recommendations to enhance protection for this class of consumer are proposed. Canadian Center of Science and Education 2019 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/81872/1/Protecting%20the%20pawners.pdf Kassim, Salina and Hassan, Rusni and Abu Bakar, Elistina and Ilias, Ibtisam @ Ilyana (2019) Protecting the pawners: appraising the role of the Ministry of Housing and Local Authorities. International Journal of Advanced Science and Technology, 28 (spec.8). pp. 305-313. ISSN 2005-4238; ESSN: 2207-6360 |
| spellingShingle | Kassim, Salina Hassan, Rusni Abu Bakar, Elistina Ilias, Ibtisam @ Ilyana Protecting the pawners: appraising the role of the Ministry of Housing and Local Authorities |
| title | Protecting the pawners: appraising the role of the Ministry of Housing and Local Authorities |
| title_full | Protecting the pawners: appraising the role of the Ministry of Housing and Local Authorities |
| title_fullStr | Protecting the pawners: appraising the role of the Ministry of Housing and Local Authorities |
| title_full_unstemmed | Protecting the pawners: appraising the role of the Ministry of Housing and Local Authorities |
| title_short | Protecting the pawners: appraising the role of the Ministry of Housing and Local Authorities |
| title_sort | protecting the pawners: appraising the role of the ministry of housing and local authorities |
| url | http://psasir.upm.edu.my/id/eprint/81872/ http://psasir.upm.edu.my/id/eprint/81872/1/Protecting%20the%20pawners.pdf |