Ar-Rahnu Ar-Rahnu

An Islamic pawn broking scheme based on Syariah principles of Al-Qard, Al-Wadiah Yad Dhamanah and Al-Ujrah which provides a sources of immediate loan to assist individuals in overcoming cash-flow needs, offering business opportunities as well preventing from illegal/unlicensed loan activities.

BENEFITS OF AR-RAHNU SCHEME

  • Interest free loan according to Syariah principles.
  • Fast, easy and safe. Safety of jewellery is guaranteed.
  • Cheaper (Safekeeping fee from RM0.50).
  • Fixed safekeeping fee throughout the pawn tenure.
  • Longer pawn tenure.

APPLICANT ELIGIBILITY

  • Open to all Malaysian citizens
  • Aged 18 years old to 70 years old

LOAN LIMIT

  • Maximum RM50,000.00 
  • Minimum RM100.00

LOAN MARGIN

  • As high as 70% of the gold value.

PAWN TENURE

  • 6 months perpetually.
  • The first duration is for 6 months, can be extended for another 6 months. (Subject to settlement of safekeeping fee and the difference between the maximum loan balance and current gold price).

TYPES OF ACCEPTABLE COLLATERAL

Types of gold jewelries such as:

  • Necklaces/Bracelets/Anklets
  • Earrings
  • Rings
  • Locket

SAFEKEEPING FEE

Enjoy low safekeeping fee as follows * :

Marhun ValueSafekeeping Fee For Every RM100.00 Marhun Value/Month
50% & belowRM0.50
50.1% - 60%RM0.60
60.1% - 70%RM0.75

 * Subject to change

PAWN REDEMPTION

Pawn redemptions can be made by:

  • Installments or lump sum or at any time before or on the maturity date.

HOW TO APPLY

  • Complete application form
  • 1 copy of Identification Card
  • Gold jewellery you wish to pawn
  • Approach your nearest Ar-Rahnu counter for processing and get instant cash.

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