Agro Bank

Ar-Rahnu Agro Bank

An Islamic pawn broking scheme based on Syariah principles of Al-Qard, Al-Wadiah and Al-Ujrah which provides a source of immediate financing to assist individuals in overcoming cash-flow needs, offering investment opportunities as well preventing from illegal/unlicensed financing activities.

ADVANTAGES OF AR-RAHNU

·         Financing according to Syariah Principles

·         Fast, easy and safety guaranteed

·         More cost efficient

·         Fee remains static until full redemption

·         Longer pawn periods

APPLICANT ELIGIBILITY

·         Open to all Malaysian citizens

·         Aged 18 years old and above

PAWN LIMIT

·         Maksimum RM 150,000 @ 50,000 per day

·         Minimum RM100

PAWN DURATION

6 + 3 + 2 months
The first duration is for 6 months, can be extended for another 3 months and lastly for another 2 months.

TYPES OF ACCEPTABLE COLLATERAL

All types of jewelries made of gold, such as:

·         Necklaces

·         Earrings

·         Rings

·         Wrist and leg bracelets

·         Brooches

·         Gold coins and gold pieces

·         Others

SAFEKEEPING FEE

Enjoy low administration fee as follows:

Margin Pinjaman	Upah Simpan bagi setiap RM100.00 Nilai Marhun/Bulan
50%	RM0.50
60%	RM0.60
70%	RM0.75

PAWN DURATION

Redemptions can be done in:

·         Installments or

·         All at once anytime before or on the maturity date.

HOW TO APPLY

·         Fill up the application form

·         A Photostatted copy of your IC

·         The jewelries you wish to use as collateral

·         Send these items to the Ar-Rahnu counter for processing and get instant cash