A study of Islamic practice in Ar-Rahnu at financial institution

The introduction of Islamic pawn broking (al-Rahnu) in Malaysia has seen as a new micro credit instrument in providing cash borrowing facility to lower income communities. The Muslims individuals’ especially needy people are reliant on this institution as their financial resources and necessities fu...

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Main Author:	Raudzatul Jannah, Ezahar
Format:	Thesis
Language:	eng eng
Published:	2014
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/4091/1/s814285.pdf https://etd.uum.edu.my/4091/2/s814285_abstract.pdf
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id	my-uum-etd.4091
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Shuib, Mohd Sollehudin
topic	HG Finance
spellingShingle	HG Finance Raudzatul Jannah, Ezahar A study of Islamic practice in Ar-Rahnu at financial institution
description	The introduction of Islamic pawn broking (al-Rahnu) in Malaysia has seen as a new micro credit instrument in providing cash borrowing facility to lower income communities. The Muslims individuals’ especially needy people are reliant on this institution as their financial resources and necessities fulfillment. Al-Rahnu as well as reflected to Islamic business operation are must conducted according to Shari’ah principles whereas the process transaction are must show transparent and free of ambiguity and element of riba. Thus, it is important to have a study of al-Rahnu practice in Islamic finance industry as the Muslim communities have put trusted to the system institution, in fact, the number of demand in al-Rahnu has shown increased by over the years until present. In an attempt to fulfill the aims of the research study, the interview will be conducted to selected institution cooperatives. This study will be given a focus to describe an overview of Islamic pawn broking (al-Rahnu) concepts and analyze its actual modus operation implemented by cooperatives. The research conducted into three different entities cooperative, Koperasi Ukhwah Malaysia Berhad, Koperasi Pegawai-Pegawai Kerajaan Negeri Kedah and Permodalan Kelantan Berhad. The study employ field research to achieve the objective of the study. In Islamic law contracts, al-Rahnu systems applied based the concepts of Qard al-Hassan, al-Rahnu, al-Wadi’ah Yad Dhamanah and Ujrah. Nevertheless, by conduct a study of al-Rahnu scheme according Shari’ah framework theory and the challenges, perhaps we might get a clear clarification of al-Rahnu practice in cooperative and be useful for the businesses and government in considering the future development related to al-Rahnu pawnshops.
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Raudzatul Jannah, Ezahar
author_facet	Raudzatul Jannah, Ezahar
author_sort	Raudzatul Jannah, Ezahar
title	A study of Islamic practice in Ar-Rahnu at financial institution
title_short	A study of Islamic practice in Ar-Rahnu at financial institution
title_full	A study of Islamic practice in Ar-Rahnu at financial institution
title_fullStr	A study of Islamic practice in Ar-Rahnu at financial institution
title_full_unstemmed	A study of Islamic practice in Ar-Rahnu at financial institution
title_sort	study of islamic practice in ar-rahnu at financial institution
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2014
url	https://etd.uum.edu.my/4091/1/s814285.pdf https://etd.uum.edu.my/4091/2/s814285_abstract.pdf
_version_	1747827679022809088
spelling	my-uum-etd.40912022-09-19T07:38:05Z A study of Islamic practice in Ar-Rahnu at financial institution 2014 Raudzatul Jannah, Ezahar Shuib, Mohd Sollehudin Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HG Finance The introduction of Islamic pawn broking (al-Rahnu) in Malaysia has seen as a new micro credit instrument in providing cash borrowing facility to lower income communities. The Muslims individuals’ especially needy people are reliant on this institution as their financial resources and necessities fulfillment. Al-Rahnu as well as reflected to Islamic business operation are must conducted according to Shari’ah principles whereas the process transaction are must show transparent and free of ambiguity and element of riba. Thus, it is important to have a study of al-Rahnu practice in Islamic finance industry as the Muslim communities have put trusted to the system institution, in fact, the number of demand in al-Rahnu has shown increased by over the years until present. In an attempt to fulfill the aims of the research study, the interview will be conducted to selected institution cooperatives. This study will be given a focus to describe an overview of Islamic pawn broking (al-Rahnu) concepts and analyze its actual modus operation implemented by cooperatives. The research conducted into three different entities cooperative, Koperasi Ukhwah Malaysia Berhad, Koperasi Pegawai-Pegawai Kerajaan Negeri Kedah and Permodalan Kelantan Berhad. The study employ field research to achieve the objective of the study. In Islamic law contracts, al-Rahnu systems applied based the concepts of Qard al-Hassan, al-Rahnu, al-Wadi’ah Yad Dhamanah and Ujrah. Nevertheless, by conduct a study of al-Rahnu scheme according Shari’ah framework theory and the challenges, perhaps we might get a clear clarification of al-Rahnu practice in cooperative and be useful for the businesses and government in considering the future development related to al-Rahnu pawnshops. 2014 Thesis https://etd.uum.edu.my/4091/ https://etd.uum.edu.my/4091/1/s814285.pdf text eng public https://etd.uum.edu.my/4091/2/s814285_abstract.pdf text eng public masters masters Universiti Utara Malaysia Al-Qur’an al-Karim (Translation by Yusof Ali) in www.themodernreligiom.com. Abdul Razak, A. (2008). “Malaysian Practice of Ar-Rahn Scheme: Trends and Development”. Abdul Razak, A. (2011). “Economic and Religious Significance of the Islamic and Conventional Pawnbroking in Malaysia: Behavioral and Perception Analysis”. Adwam, S. et al, (2007). Pengantar Perniagaan Islam, Kuala Lumpur: Prentice Hall (M) Sdn. Bhd. Ahmad, A.U.F, Raashed, R. and Ali, M. M. 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A study of Islamic practice in Ar-Rahnu at financial institution

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