- Qard (interest free loans)
- Wadi`ah Yad Dhamanah (savings with guarantee on the pawn items)
- Ujrah (safekeeping fees)
- Malaysian and non-Malaysian
- Permanent Resident
- Not a bankrupt
- 18 years old and above
- Withdrawal can be made at any ATM and the transaction can be made at any time
- Payment can be made at any CDM and the transaction can be made any time.
- Any types of jewellery/gold EXCLUDING pawn items that in the form of religious symbol or living creatures.
- Gold bar, wafer, coins or gold nuggets (MUSTinclude purchase receipts or certificate of authenticity).
- Gold items rewarded by an employer to their employee in service with the condition that:
- The employee needs to present the Certificate of Appreciation.
- Gold quality is between 22 to 24 carat
- Maximum weight is 300 grams.
- It is compulsory for the applicant to open a dedicated savings account with Bank Rakyat (on top of existing savings account)
- Maximum margin loan is up to 80% of the value of the pawn items (Marhun's Value)
- Customers are allowed to have more than one loan / pawn account at any given time.
- Accumulated amount of loan / pawn must not be more than RM50,000.00 excluding the existing Ar-Rahnu's and Az-Zahab's loan.
|CUSTOMER TYPE||LOAN LIMITATION (RM)|
New customer/existing customer who do not have a Pawn Broking-i account
65% of marhun's value or minimum of RM3,000.00 and maximum of RM50,000.00 for every pawn.
Existing customers that has an active or settled Pawn Broking-i account without taking into account the lapsed period.
Up to 80% of marhun's value or minimum of RM3,000.00 and maximum of RM50,000.00 for every pawn.
- Maximum period of loan tenure is 3 years.
- Repayment can be made by deducting from Savings-i Ar-Rahnu Account (GENiUS) as per below:
- Safekeeping fee is paid monthly before/on maturity date of the safekeeping fee.
- Total repayment is paid at the end of the tenure.
- Safekeeping fee is calculated based on the marhun's value and pawn period (montly rest).
- Minimum safekeeping fee is equal to a half month rate that will be imposed on the pawn item that is redeemed within 15 days.
- Safekeeping rate are as follows:
|PRODUCT||FINANCING LIMITS (RM)||FINANCING MARGINS||SAFEKEEPING RATE FOR EVERY RM100.00 ON MARHUN VALUE PER MONTH (RM)|
3,000.00 – 50,000.00
- Safekeeping fee calculation formula for Ar-Rahnu: a = b x c/100 x 12 x d/365
- Safekeeping fee = a
- Marhun value = b
- Safekeeping rate = c
- Loan tenure = d
- The calculation for Pawn Broking-iAr-Rahnu Genius is as follows:
- Jewellery value (marhun value): RM10,000.00
- Loan Amount: RM6,500.00 (65% on marhun's value)
- Loan Tenure : 36 months
- Safekeeping fee : RM0.75
|PAWN BROKING-i AR-RAHNU GENIUS|
10,000 x 0.75 / 100 x 12 x 365 / 365 = RM900.00
Safekeeping Fee = RM900.00 x 3 years
Total safekeeping gradation = RM2,700 / 36 months
- Loan withdrawal will be directly credited on the special savings account created