| |
| No |
Bank |
Margin |
Rates |
Comments |
| 1 |
Bank Pertanian |
50%-70% |
RM0.50-RM0.75 |
Maximum RM 50,000 ( RM 10,000 per day), Minimum RM 100, Period of Services 6+3+2 months |
| 2 |
Bank Rakyat |
65% |
RM0.65-RM0.75 |
Financing up to 70%, Loan tenure 6 months only,Gold jewellery 18K - 24K |
Ar-Rahnu is syariah compliant pawn broking which operates on the principles of Wadiah Yad Damanah and Ar-Rahn. The former refers to placement of goods or deposits with another person, who is not the owner, for safe-keeping while Ar-Rahn is an arrangement whereby a valuable asset is placed as collateral for a debt. The collateral may be disposed off in the event of default with the balance returned to the borrower.
DISCLAIMER
The above information has been obtained from sources believed to be reliable and care has been taken in preparing and updating the data. Please refer to our disclaimer and privacy policy for terms and conditions of use. |
Last Update : 25/05/2010
|
|
