Ar-Rahnu

Ar-Rahnu financing is a Shariah-compliant facility that uses gold as collateral to guarantee debt obligations. The financing period and rate are determined in advance and agreed upon by both parties (Agrobank and Customer).

Shariah Concept

Ar-Rahnu financing adopts the concept of Tawarruq involving two (2) separate sale and purchase contracts. The first involves the sale of assets by the seller (the Bank) to the buyer (the Customer) on a deferred basis. Subsequently, the buyer of the first sale transaction will sell the same asset to the third party in cash and on the spot.

Eligibility

Individual
Open to Malaysian citizen or permanent residents
Aged from eighteen (18) to seventy (70) years old
Not declared bankrupt

Benefits

Fully Shariah compliance product
Free from Riba
No charges in profit throughout the financing period
No additional fee charged for early clearing of the financing
Financing up to 80%
Financing tenure up to 36 months (3 years) with the profit rate payment in every 6 months
Profit rate as low as *RM0.55 per month
Fast, easy and safe
Fully protected by Takaful
Customers are eligible for Takaful coverage in the event of death or Total Permanent Disability (TPD)
Free gold cleaning service for selected branches
Over 100 branches nationwide

Product Features

Financing Limit	Minimum Limit per Financing Account: RM100 Maximum Financing Aggregate per Customer: RM300,000
Margin of Financing	Financing up to 80%* of the Current Gold Price (Marhun Value) display on the website daily.
Financing Tenure	Financing Tenure is 36 months (3 years).

Monthly Profit Rate

Marhun Value (Current Gold Price)	Monthly Profit Rate with Every RM100 Marhun Value
RM100 - RM2,000	RM0.55
RM2,001 - RM5,000	RM0.65
RM5,001 & above	RM0.80

Type of Collateral (Marhun)

Gold Jewellery

999, 950, 916, 875, 835, 750
Accept 916 Gold Jewellery with gemstones with Margin of Finance up to 60%* for selected branches. Click for branch list

Gold Coin and Gold Wafer

Minimum weight from 1 gram to 50 gram (all branches)
Minimum weight from 1 gram to 100 gram (selected branches) Click for branch list
Gold grade: 916 - 999

Note:

Accept all types of gold wafer and gold coin including gold certificate from the employer.
All types of gold coin and gold wafer issued/distributed by Distributor Companies, State Governments and Banks in Malaysia EXCEPT companies that do not have approval/permission (as well as blacklisted by Bank Negara Malaysia (BNM)). Financial Consumer Alert List - Bank Negara Malaysia (bnm.gov.my)

How to Apply

Complete the application form and bring your Identity Card along with gold jewellery/gold wafer/gold coin for collateral at the nearest Ar-Rahnu Agrobank counter.

Payment Method

Profit rate payments can be made through branches, ATM, CDM, and Internet Banking.

Redemption Method

Redemption of collateral can only be made at branches where the pledge is made with the payment of redemption in a lump sum before or during the maturity of the financing.
Make Ar-Rahnu Financing (Tawarruq) a facility to get instant cash, solve cash flow problems and avoid illegal lending activities.