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Ar Rahnu
Will Writing
Click on the list below to see more Ar Rahnu information:
SUBJECT : DAILY GOLD PRICE
DATE:    
No
Gold Standard
("Mutu Emas")
Price per gram (RM)
1
750
157.07
2
835
174.87
3
875
183.25
4
916
191.84
5
950
198.96
6
999
209.22

Encash your gold items and get an immediate fund today with Muamalat Ar-Rahnu. Muamalat Ar-Rahnu offers a high margin of advance up to 80% (New and Existing Customers) of the pledged gold value with a low safekeeping fee. It is also based on four Shariah concepts Qard (loan), Wadiah Yad Dhamanah (safekeeping/deposits with guarantee), Ujrah (fee) and Rahn (pawnbroking).

APPLICANT ELIGIBILITY

Open to all Malaysian citizens and Permanent Residents, aged 18 and above.
Not declared a bankrupt

BENEFITS

Fully-Shariah compliant product.
Free from Riba’ (usury) and Gharar (uncertainty)
Low safekeeping fees..
High margin of advance.
Fast, easy and secure.
Gold cleaning service.

LOAN MARGIN

Up to 80% margin of advance from gold value or maximum loan amount of RM500,000 (RM250,000 for gold jewelry, gold coin and gold bar, as well as another RM250,000 for Perth Mint gold bar); whichever is lower.

ACCEPTABLE GOLD COLLATERALS

Gold/jewelry (without precious stone) of standards 750, 835, 875, 916, 950 and 999.
Accept all types of gold bars/bars/coins/ wafers of standards 916, 950 and 999 from all goldsmiths, institutions, authorized distributors except those blacklisted by Bank Negara Malaysia (BNM), “Consumer Alert”, “Fraud Alert” and “SC Security Alert”.
  Please click the following links for further details:
  http://www.bnm.gov.my

https://www.sc.com.my

PAWN DURATION

6 months with maximum of 2 times extension of 6 months; subject to full settlement of the previous Ar Rahnu safekeeping fee.


SAFEKEEPING FEES RATE:

Gold Value
Monthly Safekeeping Fee
(For every RM100 Gold Value)
Up to RM1,000
RM0.65
RM1,001 – RM5,000
RM0.75
RM5,001 and above
above RM0.85

COMPARISON ON THE CALCULATION OF SAFEKEEPING FEE FOR MUAMALAT AR RAHNU AND CONVENTIONAL PAWN BROKING:

Example
    a.Gold value : RM1,000
    b.Loan : RM800
    c.Safekeeping fee : RM0.65 of every RM100 based on RM1,000 gold value
    d.Duration : 6 months
 
Calculation of safekeeping fee for Muamalat Ar Rahnu :
    Safekeeping fee = a x (c/100) x 12 x 183/365
Calculation of safekeeping fee for conventional pawn broking:
    Safekeeping fee = b x 2% x 6

Muamalat Ar-Rahnu
Conventional Pawn Broking

Safekeeping fee= RM1,000 x 0.65/100 x 12x 183/365 (6 Month)

=RM39.10

Safekeeping fee = RM800 x 2% x 6 bulan (6 Month)

=RM96.00

Comparison of 6-month safekeeping fee :
Conventional Pawn Broking = RM96.00
Muamalat Ar-Rahnu = RM39.10
Difference : RM56.90

INSTALLMENT PAYMENT

Payment for safekeeping fee and loan can be made at our branches, ATM, CDM and Internet Banking

PAWN REDEMPTION

Redemption can be done in deferred or lump sum payment before or upon maturity

HOW TO APPLY:

Fill up the Ar-Rahnu application form
Bring along your original identification card (NRIC) and gold item(s) to be pledged

Risalah produk
Ar-Rahnu Marketing Brochures

*Lain-lain pautan:
Kaunter Ar-Rahnu

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