Ar-Rahnu and Az-Zahab Bank Rakyat

Ar-Rahnu and Az-Zahab Bank Rakyat

Author: khairul | Posted at: 8:54 AM | 

PAWN BROKING-i AR-RAHNU 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. Not a bankrupt Quantum of Financing Financing up to 65% of the pawned gold value (Marhun value) Each pawned item not exceeding RM10,000.00 per day and a cumulative amount of RM50,000.00. Repayment Period Loan 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 22K - 24K Fees A minimum fee is charged for the safekeeping of the valuables. Type of Scheme Amount of Loan Safekeeping fee for every RM100.00 of gold value per month Ar-Rahnu RM1,000.00 and below RM1,001.00 - RM10,000,00 RM0.65 RM0.75 Az-Zahab RM5,001.00 - RM50,000.00 RM0.75

PAWN BROKING-i AZ-ZAHAB An extension of the Ar-Rahnu scheme, Az-Zahab also offers instant cash to overcome financial needs. This facility offers a higher facility amount and a longer repayment period. Concept Al-Wadiah and Qardhul Hassan Eligibility Malaysian citizens aged 18 years and above and permanent residents. Not a bankrupt Quantum of Financing Financing up to 65% of the pawned gold value (Marhun value) Each pawned item not exceeding RM5,001.00 per day and a cumulative amount of RM50,000.00. Repayment Period Maximum 36 monthly installments or Lump sum payments for a 6 months period Acceptable Items  Gold jewellery 18K - 24K Fees A minimum fee is charged for the safekeeping of the valuables. Type of Scheme Amount of Loan Safekeeping fee for every RM100.00 of gold value per month Ar-Rahnu RM1,000.00 and below RM1,001.00 - RM5,000,00 RM0.65 RM0.75 Az-Zahab RM5,001.00 - RM100,000.00 RM0.75