The effectiveness of al-Rahn (Islamic pawn broking scheme) on socio-economic needs
This paper aims to identify the effectiveness of al-Rahn, an Islamic pawn broking scheme, on socio-economic needs. The primary research fieldwork was conducted in Kuala Terengganu, Terengganu and Kuantan, Pahang. Semi-structured questionnaires were used to collect data and were analyzed via the cros...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Revelation and Science, IIUM
2015
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| Online Access: | http://irep.iium.edu.my/45723/ http://irep.iium.edu.my/45723/1/157-684-1-PB.pdf |
| _version_ | 1848782837439791104 |
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| author | Mohd Noar, Nor Zaihan Ahmad, Norsita Lin |
| author_facet | Mohd Noar, Nor Zaihan Ahmad, Norsita Lin |
| author_sort | Mohd Noar, Nor Zaihan |
| building | IIUM Repository |
| collection | Online Access |
| description | This paper aims to identify the effectiveness of al-Rahn, an Islamic pawn broking scheme, on socio-economic needs. The primary research fieldwork was conducted in Kuala Terengganu, Terengganu and Kuantan, Pahang. Semi-structured questionnaires were used to collect data and were analyzed via the cross tabulation using excel spreadsheet. The findings from this study implies that the community, especially the Malay ethnicity, found al-Rahn to be able to fulfill their needs for fast and hassle free, small short term loans, hence providing loyalty to the scheme. The need for fulfillment is derived from data collected from two main components of al-Rahn i.e. loan tenure and loan sufficiency. While al-Rahn services are currently growing in popularity and offered by many institutions, the al-Rahn institutions used under this study is limited to Kuantan and Kuala Terengganu towns. |
| first_indexed | 2025-11-14T16:11:48Z |
| format | Article |
| id | iium-45723 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T16:11:48Z |
| publishDate | 2015 |
| publisher | Revelation and Science, IIUM |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-457232016-01-15T04:17:26Z http://irep.iium.edu.my/45723/ The effectiveness of al-Rahn (Islamic pawn broking scheme) on socio-economic needs Mohd Noar, Nor Zaihan Ahmad, Norsita Lin HF Commerce HG179 Personal finance This paper aims to identify the effectiveness of al-Rahn, an Islamic pawn broking scheme, on socio-economic needs. The primary research fieldwork was conducted in Kuala Terengganu, Terengganu and Kuantan, Pahang. Semi-structured questionnaires were used to collect data and were analyzed via the cross tabulation using excel spreadsheet. The findings from this study implies that the community, especially the Malay ethnicity, found al-Rahn to be able to fulfill their needs for fast and hassle free, small short term loans, hence providing loyalty to the scheme. The need for fulfillment is derived from data collected from two main components of al-Rahn i.e. loan tenure and loan sufficiency. While al-Rahn services are currently growing in popularity and offered by many institutions, the al-Rahn institutions used under this study is limited to Kuantan and Kuala Terengganu towns. Revelation and Science, IIUM 2015 Article PeerReviewed application/pdf en http://irep.iium.edu.my/45723/1/157-684-1-PB.pdf Mohd Noar, Nor Zaihan and Ahmad, Norsita Lin (2015) The effectiveness of al-Rahn (Islamic pawn broking scheme) on socio-economic needs. Revelation and Science, 5 (2). pp. 14-23. ISSN 2229-9947 http://journals.iium.edu.my/revival/index.php/revival/issue/archive |
| spellingShingle | HF Commerce HG179 Personal finance Mohd Noar, Nor Zaihan Ahmad, Norsita Lin The effectiveness of al-Rahn (Islamic pawn broking scheme) on socio-economic needs |
| title | The effectiveness of al-Rahn (Islamic pawn broking scheme) on socio-economic needs |
| title_full | The effectiveness of al-Rahn (Islamic pawn broking scheme) on socio-economic needs |
| title_fullStr | The effectiveness of al-Rahn (Islamic pawn broking scheme) on socio-economic needs |
| title_full_unstemmed | The effectiveness of al-Rahn (Islamic pawn broking scheme) on socio-economic needs |
| title_short | The effectiveness of al-Rahn (Islamic pawn broking scheme) on socio-economic needs |
| title_sort | effectiveness of al-rahn (islamic pawn broking scheme) on socio-economic needs |
| topic | HF Commerce HG179 Personal finance |
| url | http://irep.iium.edu.my/45723/ http://irep.iium.edu.my/45723/ http://irep.iium.edu.my/45723/1/157-684-1-PB.pdf |