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)
• Fixed Profit Rate on the financing amount
• No early redemption charges
• High margin of advance
• Fast, easy and secure
• Gold cleaning service

Financing Margin

• Up to 80% margin of financing from gold value

Financing Limit

• Maximum financing amount of RM1,000,000 (RM500,000 for gold jewellery, gold coin, dinar gold bar, as well as another RM500,000 for physical Muamalat Gold-i (Perth Mint) Gold Bar).

Acceptable Gold Collaterals

• Gold/jewellery 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:
CONSUMER ALERT & UPDATES
LIST OF UNAUTHORISED WEBSITES / INVESTMENT PRODUCTS / COMPANIES / INDIVIDUALS

Pawn Duration (Tenure of Financing)

• 18 months,  subject to profit servicing to be paid every 6 months.

Profit Rate

• 11.25% p.a. on the margin of financing or 0.9375% monthly.

Comparison On The Calculation Of Profit Rate as Opposed To Safekeeping Fee

• Example
  a. Gold value : RM1,000
  b. Loan/Financing : RM800 (however customer request for RM250)
  c. Safekeeping fee Muamalat Ar Rahnu (Qard) : RM0.65 of every RM100 based on RM1,000 gold value
  d. Profit Rate Islamic Pawn Broking (Tawarruq): 11.25% p.a.
  e. Interest Rate Conventional Pawn Broking: 2% per month

Payment

• Payment for profit-servicing and financing 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.