Products

Financing-i / Pawn Broking-i Az-Zahab
Extended scheme of Ar-Rahnu, Az-Zahab also offers an instant finance. This facility offers a higher financing and longer repayment period from Pawn Broking-iAr-Rahnu Scheme.
  • ​Qard (no interest loan)
  • Wadi`ah Yah Dhamanah (savings with guarantee on the pawn items)
  • Ujrah (safekeeping fees)
  • ​Malaysian and non-Malaysian
  • Permanent Resident
  • Nota bankrupt
  • 18 years old and above
  • Free from riba
  • No processing fees
  • Safekeeping fee is calculated daily
  • Longer pawn period
  • Jewellery kept safely under Takaful protection
  • Transparent business deal and transaction is performed in a dedicated room with the customer present
  • ​Any type of jewellery/gold EXCLUDING pawn item that in the form of religious symbol or living creatures.
  • Gold bar, wafer, coins or gold nuggets (MUST include 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.
  • Maximum margin of loan is up to 80% of the current market value of the jewellery (Marhun Value) and loan amount is up to RM100,000.
CUSTOMER TYPE LOAN LIMITATION (RM)

New customer/existing customer who do not hold a Pawn Broking-i account.

65% of marhun's value or minimum of RM10,001.00 and maximum of RM100,000.00 for every pawn.

Existing customer that holds an active or settled Pawn Broking-i account without taking into account lapsed period.

Up to 80% of marhun's value or minimum of RM10,001.00 and maximum of RM100,000.00 for every pawn.


Repayment Method Loan Tenure

Instalment

3 years

Full Setlement

6 months

  • Extended maximum loan period of not more than 18 months period from the pawn date.
  • Monthly instalment for the whole period.
  • Monthly instalment or full settlement in six months or less.
  • Safekeeping fee is calculated based on the marhun's value and pawn period
  • 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 MARGIN SAFEKEEPING RATE FOR EVERY RM100.00 ON MARHUN VALUE PER MONTH  (RM)

Az-Zahab

> 10,000.00-
100,000.00

65% RM0.75
70% RM0.85
  • Safekeeping fee calculation formula for Az-Zahab is as the same as the calculation for safekeeping for Ar-Rahnu.
  • Safekeeping monthly fee calculation formula for Az-Zahab: a = (b + c) / 12
    • Monthly instalment = a
    • Loan amount = b
    • Total amount of safekeeping fee = c
  • Example of the calculation of the gradual payment for Safekeeping Fee of Az-Zahab:
    • Jewellery value (marhun value): RM10,000.00
    • Loan amount: RM6,500.00 (65% on marhun's value)
    • Loan Tenure : 12 months
    • Safekeeping fee : RM0.75
PAWN BROKING-i AZ-ZAHAB GRADUAL PAYMENT

10,000 x 0.65 / 100 x 12 x 365 / 365 = RM720.00

Safekeeping Fee = RM720.00

Total monthly instalment = RM6,000 + RM720.00 / 12months

Total instalment = RM560.00

The published rates, fees and charges are effective from 1st November 2018 following the implementation of 6% SST from 1st September 2018. Terms & conditions apply.

For any enquiries, please visit the nearest branch or call our Contact Centre tele-Rakyat at 1-300-80-5454.

*Terms and conditions apply.