CALCULATOR GOLD PRICE
Financing-i
Virtual Ar-Rahnu
Virtual Ar-Rahnu-i is a
product that enables eGold Account-i holders to pledge their eGold balance as
collateral to obtain immediate financing.
Concept
- Rahn Al-Musya' - Refer to a contract where party, as plegor (rahin) pledges on determined part of the actual value of an asset as collateral (marhun) to another party allow charge.
- Tawarruq - Refer to a contract consist of two (2) sale and purchase contracts. The first involves the sale of an asset by a seller to a purchaser on a deferred basis. Subsequently, the purchaser of the first sale will sell the same asset to a third party on a cash and spot basis.
Type of Customer
- Individuals 18 years old and above
- Malaysian Citizen, Permanent Resident and Non-resident
Customer Eligibility
- eGold Account-i account holder
Description of Gold
- eGold purchased and maintained with iRakyat only. It is backed by physical gold with 999.9 purity accredited by the London Bullion Market Association (LBMA) supplied by our Gold Partner, Go Capital Growth (GCG).
Physical Gold Testing
- Not required, as only gold supplied by gold vendor is allowed to be pawned and it is certified for 999.9 purity and holds LBMA accreditation.
Financing Limit
- Minimum RM100.00
- Maximum RM500,000.00
Margin Financing
- Up to 80% from marhun value
Pawn Tenure
- Month 6: Profit payment
- Month 12: Profit payment
- Month 18: Principal plus profit payment
- Early retrieval prior to completion of pawning tenure is allowed, subject to full settlement of total outstanding balance.
Marhun Value
- Marhun value shall be as per raw refinery gold price provided by Gold Vendor
Profit Rate
| Marhun Value (RM) | Profit Rate for every RM100 Marhun Value Per Month (RM) |
| < 500 | 0.60 |
| > 501 – 5,000 | 0.75 |
| > 5,001 – 10,000 | 0.80 |
| > 10,001 | 0.85 |
Product Disclosure Sheet
For any enquiries, please visit the nearest branch or call our Contact Centre tele-Rakyat at 1-300-80-5454.
*Terms and conditions apply.
CALCULATOR GOLD PRICE
