An Islamic pawn broking scheme based on Syariah principles of Al-Qard, Al-Wadiah and Al-Ujrah which provides a source of immediate financing to assist individuals in overcoming cash-flow needs, offering investment opportunities as well preventing from illegal/unlicensed financing activities.
ADVANTAGES OF AR-RAHNU
- Financing according to Syariah Principles
- Fast, easy and safety guaranteed
- More cost efficient
- Fee remains static until full redemption
- Longer pawn periods
APPLICANT ELIGIBILITY
- Open to all Malaysian citizens
- Aged 18 years old and above
PAWN LIMIT
- Maksimum RM 150,000 @ 50,000 per day
- Minimum RM100
PAWN DURATION
6 + 3 + 2 months
The first duration is for 6 months, can be extended for another 3 months and lastly for another 2 months.
TYPES OF ACCEPTABLE COLLATERAL
All types of jewelries made of gold, such as:
- Necklaces
- Earrings
- Rings
- Wrist and leg bracelets
- Brooches
- Others
SAFEKEEPING FEE
Enjoy low administration fee as follows:
Margin
Pinjaman | Upah Simpan bagi setiap RM100.00
Nilai Marhun/Bulan |
50% | RM0.50 |
60% | RM0.60 |
70% | RM0.75 |
PAWN DURATION
Redemptions can be done in:
- Installments or
- All at once anytime before or on the maturity date.
HOW TO APPLY
- Fill up the application form
- A Photostatted copy of your IC
- The jewelries you wish to use as collateral
- Send these items to the Ar-Rahnu counter for processing and get instant cash
Download Brochure
