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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Main Authors:	Nik Azman, Nik Hadiyan, Kassim, Salina
Format:	Article
Language:	English English
Published:	Inderscience Enterprises Ltd. 2017
Subjects:	H Social Sciences (General) HG3368 Islamic Banking and Finance HG3691 Credit
Online Access:	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

id	iium-60120
recordtype	eprints
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
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	H Social Sciences (General) HG3368 Islamic Banking and Finance HG3691 Credit
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
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.
format	Article
author	Nik Azman, Nik Hadiyan Kassim, Salina
author_facet	Nik Azman, Nik Hadiyan Kassim, Salina
author_sort	Nik Azman, Nik Hadiyan
title	Pricing practices of Ar-Rahnu providers in Malaysia
title_short	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_sort	pricing practices of ar-rahnu providers in malaysia
publisher	Inderscience Enterprises Ltd.
publishDate	2017
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
first_indexed	2023-09-18T21:25:12Z
last_indexed	2023-09-18T21:25:12Z
_version_	1777412145675239424

Pricing practices of Ar-Rahnu providers in Malaysia

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