Financing-i / Pawn Broking-i
Pawn Broking-i offers fast and easy cash financing up to RM350,000 with low profit charges based on under the Syariah principle.
- Murabahah (by adopting Tawarruq practice)
- Malaysian/ non- Malaysian / Permanent Resident
- 18 years old and above
- Not a bankrupt
- Free from riba
- No process fees
- Profit amount 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 marhun item that in the form of religious statue and/ or animate beings.
- Gemstone jewellery
- Gold bar, wafer, coin 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 financing is up to 80% of the current market value of the jewellery (Marhun Value).
- Total daily/ accumulative financing limit is up to RM350,000
- Total daily financing for hollow jewellery is up to RM100,000
New customer/existing customer - Up to 80% of marhun's value
- Total Profit
Profit must be paid before/on due maturity profit date for every 1st and 2nd cycle of 6 month as per table below:
Profit First (1st 6 month) Second (2nd 6 month) Third (3rd 6 month) Date Before/Due «Date Due Profit » Before/Due «Date Due Profit » Before/Due «Date Due Profit »
- Amount Finance
Amount finance must be paid on the expiry of tenure. (Principal amount + profit (3rd cycle).
Amount Finance First (1st 6 month) Second (2nd 6 month) Third (3rd 6 month) Date NA NA Before/Due «Date Expiry of tenure»
- Profit Rate is calculated based on the marhun's value and pawn period
- Profit Rate table are as follows:
|Marhun Value (RM)||Profit Rate for every RM100 Marhun Value Per Month (RM)|
|≥ 500 – 5,000||0.75|
|≥ 5,000 – 10,000||0.80|
- Calculation formula CPR (Contractual Profit Rate) for Pawn Broking: a = b x c/100 x d
- CPR = a
- Marhun value = b
- Profit rate = c
- Loan tenure = d (Note: Loan tenure is based on daily calculation)
The published rates are effective from 1st February 2020. 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.