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.

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

We accept:

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

18 months

a.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 »

b.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»

Marhun Value (RM)	Profit Rate for every RM100 Marhun Value Per Month (RM)
< 500	0.60
> 500 – 5,000	0.75
> 5,000 – 10,000	0.80
> 10,000	0.85

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)