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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.

Association of Digital Lenders (AoDL)

Established in May 2025, the Association of Digital Lenders (AoDL) is a national, industry-focused, non-profit organisation registered under the Jabatan Pendaftaran Pertubuhan Malaysia (Registrar of Societies). All companies licensed under the Kementerian Perumahan dan Kerajaan Tempatan (KPKT) as moneylenders are eligible to apply for membership with AoDL.


Core Principles of AoDL

AoDL is founded on the following guiding principles:

• Regulatory Alignment and Governance
  Uphold the Federal Constitution and comply with national economic and financial policies; promote self-regulation, protect member rights and foster strong government-industry communication in accordance with the law.
• Fair Competition
  Safeguard and encourage fair and transparent competition across the credit and lending ecosystem.
• Sustainable Industry Growth
  Advocate for the responsible and healthy development of credit providers across the nation.
  

Vision for Digital Transformation

• In recognition of the growing integration between financial services and digital technology, AoDL positions digitalisation as a cornerstone of future growth and resilience. The association actively fosters:

• Fintech-Driven Collaboration
  • Leveraging fintech solutions for seamless information exchange, knowledge-sharing, and business cooperation among members.

• Credit Risk Supervision Mechanisms
  • AoDL has implemented a member-accessible platform to share a list of blacklisted customers. This initiative helps mitigate credit losses and strengthens risk monitoring practices among members, enhancing collective credit vigilance.