FatwaNationalTransactions & Finance
Penentuan Hukum Syarak Di dalam Pelaksanaan Skim Pajak Gadai Islam (Ar Rahnu) Di Malaysia
What are the Shariah requirements for operating an Islamic pawnbroking scheme (Ar Rahnu) in Malaysia?
Short answer
The Muzakarah resolved that the working capital of an Ar Rahnu operator must come from Islamic banking or lawful sources free from riba, gambling, gharar and other activities contrary to Shariah.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- National Fatwa Committee (JAKIM)
- Date
- Status
- Fatwa committee decision
- Series
- Kompilasi Pandangan Hukum Muzakarah Jawatankuasa Fatwa MKI (JAKIM, terbitan 2016)
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Muzakarah resolved that the working capital of an Ar Rahnu operator must come from Islamic banking or lawful sources free from riba, gambling, gharar and other activities contrary to Shariah. Operators must take Islamic insurance (takaful) and must not engage with conventional insurance. If the pledged item is lost, stolen or destroyed, the operator must pay compensation for the remaining value of the item as appraised. Appointing an in-house Shariah advisory panel to monitor operations is encouraged.
Written in our own words from the original fatwa — check the source before acting on it.
Pemegang Ar Rahnu hendaklah mengambil perlindungan insurans Islam (takaful) dan tidak boleh terlibat dengan insuran konvensional;
Read the full fatwa on the National website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
National Fatwa Committee (JAKIM). “Penentuan Hukum Syarak Di dalam Pelaksanaan Skim Pajak Gadai Islam (Ar Rahnu) Di Malaysia”, 12 April 2007. https://www.islam.gov.my/images/ePenerbitan/KOMPILASI_MUZAKARAH_MKI_2016.pdf#penentuan-hukum-syarak-di-dalam-pelaksanaan-skim-pajak-gadai-islam-ar-rahnu-di-malaysia. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/shariah-requirements-islamic-pawnbroking-ar-rahnu/