What is the role of SKP?
SKP is the competent authority established under the Consumer Credit Act 2025 to regulate conventional and Shariah-compliant credit businesses, as well as credit service businesses in Malaysia. Its functions are as follows:
- To advise the Finance Minister on all matters relating to consumer credit.
- To advise the Government on national policies relating to consumer credit.
- To ensure proper conduct among credit providers and credit service providers.
- To empower and promote the sustainable development of the consumer credit industry.
- To perform any other functions arising from, or incidental to, SKP’s responsibilities under the Consumer Credit Act 2025.
Brief conclusion
SKP serves as the competent authority mandated to regulate conventional and Islamic credit businesses, as well as credit service businesses, in Malaysia.
SKP coordinates regulatory oversight and strengthens the credit consumers protection framework.
SKP promotes responsible market practices and plays a key role in shaping a fair, responsible, and professional consumer credit ecosystem.
Get to know the people behind our leadership
Our Advisory Committee play an important role in ensuring effective governance and guiding the organisation’s strategic direction.