In a Facebook post, he said while there was nothing wrong with an opulent lifestyle, there was a need for them to settle their debts.

Asyraf said some of these defaulters even pleaded with Mara to not pursue legal action against them, and promised to start repaying their loans.

“Yet when I check out their Facebook accounts, they are living lavishly, with luxury cars; but when it comes to settling their debts, they are reluctant to do so.”

Asyraf said there was a need to know the importance of managing one’s finances and knowing how to set priorities.

“One should settle one’s debts before spending lavishly. This is the main principle when it comes to finance management from an Islamic perspective. It’s a sin not to settle one’s debts.”

Last month, Asyraf revealed that many defaulters had approached him, requesting that their debts be written off. However, he said he could not do so as the money came from public funds. He said he told them that he could only help restructure their loans and repayment scheme.