Pricing practices of Ar-Rahnu providers in Malaysia
Ar-rahnu is a shariah-compliant pawnbroking instrument that has high suitability to serve short-term and immediate financial needs of the lower income people. An important component of ar-rahnu is the safe-keeping/service fee on the collateral items charged by the ar-rahnu providers. This study hig...
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| Format: | Article |
| Language: | English English |
| Published: |
Inderscience Enterprises Ltd.
2017
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/60120/ http://irep.iium.edu.my/60120/1/005%20Nik%20MEJM%204%281%29.pdf http://irep.iium.edu.my/60120/7/60120_Pricing%20practices%20of%20ar-rahnu%20providers%20in%20Malaysia_WOS.pdf |
| _version_ | 1848785434580090880 |
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| author | Nik Azman, Nik Hadiyan Kassim, Salina |
| author_facet | Nik Azman, Nik Hadiyan Kassim, Salina |
| author_sort | Nik Azman, Nik Hadiyan |
| building | IIUM Repository |
| collection | Online Access |
| description | Ar-rahnu is a shariah-compliant pawnbroking instrument that has high suitability to serve short-term and immediate financial needs of the lower income people. An
important component of ar-rahnu is the safe-keeping/service fee on the collateral items charged by the ar-rahnu providers. This study highlights the pricing practices of selected ar-rahnu providers in Malaysia by comparing the service charges that they imposed as well as the loan margins granted by each of the providers. By doing so, the study aims to provide a critical discussion on the related issues arising from the pricing practices. This study hopes to shed lights on the role of ar-rahnu in providing inclusive financing to the low income group. Findings of this study contribute towards better growth of the ar-rahnu industry in particular, and the Islamic finance industry in general. |
| first_indexed | 2025-11-14T16:53:05Z |
| format | Article |
| id | iium-60120 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T16:53:05Z |
| publishDate | 2017 |
| publisher | Inderscience Enterprises Ltd. |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-601202019-08-20T23:26:43Z http://irep.iium.edu.my/60120/ Pricing practices of Ar-Rahnu providers in Malaysia Nik Azman, Nik Hadiyan Kassim, Salina H Social Sciences (General) HG3368 Islamic Banking and Finance HG3691 Credit Ar-rahnu is a shariah-compliant pawnbroking instrument that has high suitability to serve short-term and immediate financial needs of the lower income people. An important component of ar-rahnu is the safe-keeping/service fee on the collateral items charged by the ar-rahnu providers. This study highlights the pricing practices of selected ar-rahnu providers in Malaysia by comparing the service charges that they imposed as well as the loan margins granted by each of the providers. By doing so, the study aims to provide a critical discussion on the related issues arising from the pricing practices. This study hopes to shed lights on the role of ar-rahnu in providing inclusive financing to the low income group. Findings of this study contribute towards better growth of the ar-rahnu industry in particular, and the Islamic finance industry in general. Inderscience Enterprises Ltd. 2017 Article PeerReviewed application/pdf en http://irep.iium.edu.my/60120/1/005%20Nik%20MEJM%204%281%29.pdf application/pdf en http://irep.iium.edu.my/60120/7/60120_Pricing%20practices%20of%20ar-rahnu%20providers%20in%20Malaysia_WOS.pdf Nik Azman, Nik Hadiyan and Kassim, Salina (2017) Pricing practices of Ar-Rahnu providers in Malaysia. Middle East Journal of Management, 4 (1). pp. 84-96. ISSN 2050-3644 E-ISSN 2050-3644 https://www.inderscienceonline.com/doi/pdf/10.1504/MEJM.2017.083712 10.1504/MEJM.2017.083712 |
| spellingShingle | H Social Sciences (General) HG3368 Islamic Banking and Finance HG3691 Credit Nik Azman, Nik Hadiyan Kassim, Salina Pricing practices of Ar-Rahnu providers in Malaysia |
| title | Pricing practices of Ar-Rahnu providers in Malaysia |
| title_full | Pricing practices of Ar-Rahnu providers in Malaysia |
| title_fullStr | Pricing practices of Ar-Rahnu providers in Malaysia |
| title_full_unstemmed | Pricing practices of Ar-Rahnu providers in Malaysia |
| title_short | Pricing practices of Ar-Rahnu providers in Malaysia |
| title_sort | pricing practices of ar-rahnu providers in malaysia |
| topic | H Social Sciences (General) HG3368 Islamic Banking and Finance HG3691 Credit |
| url | http://irep.iium.edu.my/60120/ http://irep.iium.edu.my/60120/ http://irep.iium.edu.my/60120/ http://irep.iium.edu.my/60120/1/005%20Nik%20MEJM%204%281%29.pdf http://irep.iium.edu.my/60120/7/60120_Pricing%20practices%20of%20ar-rahnu%20providers%20in%20Malaysia_WOS.pdf |