Pembiayaan Ar-Rahnu is a short-term Islamic Pawnbroking Facility that provides customer with instant cash access by accepting gold items as collateral.
Shariah Concept
- Pembiayaan Ar-Rahnu applies the Tawarruq (Commodity Murabahah) and Rahn (Collateral) concepts as its underlying Shariah contracts whereby it offers competitive profit rate to customer subject to minimum eligibility requirements for the purpose of personal consumption, business working capital or any other agricultural or non-agricultural activities to elevate the socioeconomic status of the community.
Eligibility
- Open to Malaysian citizens and/ or permanent residents aged ranging from of eighteen (18) to seventy (70) years old on the date of application.
Product Features
| Financing Limit |
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| Margin of Financing |
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| Financing Tenure |
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Profit Rate
Monthly Profit Rate is based on every RM100 Marhun Value.
- Minimum Monthly Profit is RM10.
|
Marhun Value |
Monthly Profit Rate |
|
RM100 - RM2,000 |
RM 0.55 |
|
RM2,001 - RM5,000 |
RM 0.65 |
|
RM5,001 & above |
RM 0.80 |
Acceptable Gold Collateral (Marhun)
Gold Jewellery
- 999, 950, 916, 875, 835, 750
Gold Coin (999)
- 1 troy ounces, ¼ , ½
Gold Wafer (999)
- 10g, 20g, 50g, 100g
Ar-Rahnu Product Disclosure Sheet
