Johari: Emergency withdrawal better than using EPF as loan collateral

Allowing Employees Provident Fund (EPF) members to withdraw funds from their Account 2 is a better option than making them use it as collateral for emergency bank loans, said former finance minister II Johari Abdul Ghani.

Johari said using EPF as collateral would burden contributors as they must pay interest to the bank.

Applying for emergency loans would also...