FatwaSelangorTransactions & Finance
Hukum Pelaksanaan Skim Pajak Gadai Islam (Ar-Rahnu) Di Malaysia (Cadangan Kadar Upah Simpan Barang Gadaian)
What storage fee rates are permitted for pledged items under the ar-Rahnu scheme in Selangor?
Short answer
The Selangor Fatwa Committee set storage fee rates for ar-Rahnu pledged items according to the value of the item and the period, namely the first 3 months and the following 3 months.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Selangor State Mufti Department
- Status
- Fatwa committee decision
- Series
- Keputusan Fatwa Tidak Diwartakan
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Selangor Fatwa Committee set storage fee rates for ar-Rahnu pledged items according to the value of the item and the period, namely the first 3 months and the following 3 months. For pledges above RM10,000, the fee must be capped at the stated maximum rate. If the item is still not redeemed after the stated period, the extended period and the fee rate are to be determined by agreement of both parties.
Written in our own words from the original fatwa — check the source before acting on it.
Gadaian yang melebihi RM 10,000.00 upahnya hendaklah dihadkan tidak melebihi
Read the full fatwa on the Selangor website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Selangor State Mufti Department. “Hukum Pelaksanaan Skim Pajak Gadai Islam (Ar-Rahnu) Di Malaysia (Cadangan Kadar Upah Simpan Barang Gadaian)”, date not stated. https://www.muftiselangor.gov.my/2023/10/26/hukum-pelaksanaan-skim-pajak-gadai-islam-ar-rahnu-di-malaysia-cadangan-kadar-upah-simpan-barang-gadaian/. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ar-rahnu-pledged-item-storage-fee-rates/