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
• Improve customer experience by providing convenient online Ar Rahnu revaluation transaction without present at BMMB premise. Click Here for the list of branches.
• Accept gold bullion (bar/coins/dinar) for pawning without opening the seal (14 selected branches only). Click Here for the list of branches.

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 (without precious stone/with precious stone) of standards 750, 835, 875, 916 and 999. Click Here for the list of branches.
• 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”.
• Muamalat Gold-i account (minimum allowable transaction is 10 grams and with multiple of every 10 grams i.e. 10 grams, 20 grams, 30 grams).

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.