BANK RAKYAT : PAWN BROKING-i AR-RAHNU

Tuesday, June 22, 2010

This scheme provides a source of immediate financing to assist individuals in overcoming cash-flow needs.

Concept Al-Wadiah and Qardhul Hassan

Eligibility Malaysian citizens aged 18 years and above and permanent residents Non citizens Not bankrupt

Quantum of Financing Financing up to 70% of the pawned gold value (Marhun value) Each pawned item not exceeding RM10,000.00 per day and a cumulative amount not exceeding RM50,000.00.

Repayment Period Financing tenure : 6 months only Extension period : 6 months (mutiple extensions) subject to settlement of safe keeping fee for the past 6 months

Pawn Products Gold jewellery 18K - 24K

Fees A minimum fee is charged for the safekeeping of the valuables.

Type of Scheme Financing Amount Safekeeping fee for every RM100.00 of gold value per month Ar-Rahnu RM100.00 - RM1,000.00 RM1,001.00 - RM10,000,00 RM0.65 RM0.75 Az-Zahab RM10,001.00 - RM100,000.00 RM0.75

Source