PAWN BROKING-i AR-RAHNU This scheme provides a source of immediate financing to assist individuals in overcoming cash-flow needs. |
Concept Al-Wadiah and Qardhul Hassan |
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Eligibility - Malaysian citizens aged 18 years and above and permanent residents.
- Not a bankrupt
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Quantum of Financing - Financing up to 65% of the pawned gold value (Marhun value)
- Each pawned item not exceeding RM10,000.00 per day and a cumulative amount of RM50,000.00.
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Repayment Period - Loan tenure : 6 months only
- Extension period : 6 months (mutiple extensions) subject to settlement of safe keeping fee for the past 6 months
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Pawn Products Gold jewellery 22K - 24K |
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Fees A minimum fee is charged for the safekeeping of the valuables. |
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| Type of Scheme | Amount of Loan | Safekeeping fee for every RM100.00 of gold value per month | | Ar-Rahnu | RM1,000.00 and below RM1,001.00 - RM10,000,00 | RM0.65 RM0.75 | | Az-Zahab | RM5,001.00 - RM50,000.00 | RM0.75 | |