SLF manager dismisses rumour that debts will be settled if students convert to Islam

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SLF manager dismisses rumour that debts will be settled if students convert to Islam

By THE NATION

 

 

Student Loan Fund (SLF) manager Chainarong Katchapanan on Tuesday (November 26) denounced the “groundless rumour” circulating on social media that the SLF would remit the debt of borrowers who switch their religion to Islam.

 

“The rumour is completely groundless,” he said.

 

“It is not true that the SLF will remit the debt of borrowers who convert to Islam. Religion has no influence on the loan application or conditions. Borrowers should refrain from believing unverified information and contact the SLF office if they have any inquiry,” he said.

 

“The SLF is an affiliate of the Finance Ministry, which assigned two banks under its supervision to handle loan applications – Krungthai Bank and the Islamic Bank of Thailand. Borrowers can freely choose to apply for a loan at either of these two banks.”

 

Chainarong said Krungthai Bank had been assigned to manage the SLF’s applications since 1996, and in 2010 the Finance Ministry decided to add the Islamic Bank to the campaign to increase its service channels for borrowers.

 

“The SLF currently has 5.7 million borrowers, 97 per cent of them applied via Krung Thai Bank, and 3 per cent through the Islamic Bank,” he said.

 

Source: https://www.nationthailand.com/news/30378763

 

-- © Copyright The Nation Thailand 2019-11-26

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[Misterwhisper]

People converting to Islam because they believe their debts will be wiped out;

 

People investing in ridiculous-sounding Ponzi schemes because they're promised a 100,000,000,000,000% ROI within weeks;

 

People paying substantial amounts to FB pages for dubiously cheap, all-inclusive travel packages.

 

People disclosing their bank account details to strange callers because they're promised free money.

 

Desperate times indeed.

 

But then again, according to the government all is swell and on the upswing.  

[PremiumLane]

3 hours ago, Misterwhisper said:

People converting to Islam because they believe their debts will be wiped out;

people believing that this was actually true...

[Emdog]

"Students" that might believe this sort of hokum truly are in need of basic education.

People convert to Christianity because they believe their moral debts will be forgiven, just to balance the craziness factor

[Krataiboy]

Students in the US are able to get interest-free loans courtesy of a groundbreaking initiative by The Islamic Society of North America and the Islamic Development Bank.

Loans are offered as $15,000 annual scholarships to non-Muslim as well as Muslim college students seeking to study medical sciences or engineering. The money repaid in interest-free installments is used to replenish the fund for further loans.

 

Sounds to me like a good idea worth copying here and elsewhere.

 

 

 

 

[leeneeds]

 The Nature of rumours is unbelievable,

so many have not one ounce of common sense.

[samsensam]

4 minutes ago, secondfusilier said:

 

Anyone else click on this because they thought that it was about Stiff Little Fingers? ????????

 

haha! yes! ????

[Ketyo]

I don't think I'd convert to Islam, even for one day. Not for love or money.

 

But then I suppose it depends how much beer I was going to drink at Uni. That would have to be funded of course. Maybe it would be worth it for a short time. Hmmm...