Ar-Rahnu: A Review of Literature and Future Research

Ali, Nor Aishah Mohd; Johari, Yang Chik; Fatah, Muhammad Mukhlis Abdul

doi:10.1051/shsconf/20173600033

Cited by 3 publications

(5 citation statements)

References 8 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Here, the borrower repays the amount lent and pays a fee (ujrah) to ensure the safe return of their deposited items. This model, introduced in 1992, is widely accepted by both consumers and scholars in Malaysia (Aishah et al, 2017). However, there is some disagreement among scholars about merging the Qardh and Ijarah contracts due to the Prophet's hadith on the issue of two sales.…”

Section: Results and Discussion Of Findingsmentioning

confidence: 99%

“…The gold is kept by these institutions, which charge rental fees based on the principles of ijarah for its safekeeping. Islamic pawnshops, known as Ar Rahn, offer various microcredit financing options to help communities overcome financial difficulties within a Shariacompliant framework (Aishah et al, 2017;Fianto et al, 2018;Watkins, 2020).…”

Section: Literature Reviewmentioning

confidence: 99%

“…All the banks in Saudi Arabia are known to operate under Islamic rule and are shariah compliant. The reason is that Saudi Arabia is governed under Islamic rules and follows Shariah guidelines handed out by the Shura (Aishah et al, 2017;Watkins, 2020). The product under discussion is a microfinancing product designed to support the financial requirements of the local community, particularly low-capital businesses and personal needs such as small loans for purposes like marriage, education, and home renovation.…”

Section: Literature Reviewmentioning

confidence: 99%

See 2 more Smart Citations

Empowering women entrepreneurs in Saudi Arabia through Ar-Rahn financing: A dual analysis approach

Bakoben

2024

Int. j. adv. appl. sci.

View full text Add to dashboard Cite

The main goal of this paper is to explore how the Ar-Rahn contract can be utilized by banks in Saudi Arabia to finance women's business ventures, thereby fostering women's empowerment. This study employs a dual approach: desktop and primary data analysis. Initially, a desktop approach is used to analyze the Ar-Rahn product by reviewing existing literature and examining its implementation in Saudi Arabia. Additionally, we use primary data analysis to enhance the robustness of our findings. The results suggest that Ar-Rahn is a promising tool for empowering women and encouraging entrepreneurship in Saudi Arabia. This analysis provides valuable insights for banks and financial institutions in Saudi Arabia to develop Shariah-compliant financing products tailored for women entrepreneurs, which could also benefit marginalized communities.

show abstract

Section: Results and Discussion Of Findingsmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

See 1 more Smart Citation

Empowering women entrepreneurs in Saudi Arabia through Ar-Rahn financing: A dual analysis approach

Bakoben

2024

Int. j. adv. appl. sci.

View full text Add to dashboard Cite

show abstract

“…This word means mortgage (Naim, 2004). Practitioners, academicians, and other stakeholders have accepted Ar-Rahnu or Islamic pawn broking as one of the Muslims' micro-financing instruments (Ali et al, 2017).…”

Section: Introductionmentioning

confidence: 99%

Conceptualising Of Muslims In Using Ar-Rahnu Services Offered by Malaysian Islamic Banks

Muda,

Rahmat,

A. Rahim

et al. 2024

View full text Add to dashboard Cite

This paper aims to recognize and discuss the factors influencing the intention of Muslims to participate in Ar-Rahnu offered by Islamic banks. Despite conventional pawnshops offering a higher margin to the value of collateral higher asset values in loans compared to Ar-Rahnu, there has been a noticeable increase in the demand for Ar-Rahnu over the years. The discussions attempt to create a discourse around the factors that influence the intention of Muslims to participate in Ar-Rahnu by using the Theory of Planned Behaviour plus religiosity. The findings propose conceptual frameworks that consist of components such as attitudes, subjective norms, perceived behavioral control, and religiosity as factors influencing the intention of Muslims to participate in Ar-Rahnu. However, these frameworks remain conceptual and await validation through empirical testing by future researchers. The findings of this study will provide valuable insights for Malaysian Islamic banks to enhance their Ar-Rahnu services. By aligning their offerings with Muslims' preferences and needs, Islamic banks can foster stronger relationships with their customer base and potentially attract new clientele. This review is hoped to be valuable to the present and future Ar-Rahnu scholars interested in the evolution of literature and identifying opportunities for future research. Ultimately, this paper addresses the crucial question of the factors influencing Muslims' intention to participate in Ar-Rahnu services in Islamic banks, thus contributing to the advancement of knowledge in this field.

show abstract

“…Numerous studies regarding the pawnbroking industry have focused on Western countries, or Islamic or Ar-Rahnu pawnbroking. The latter have been widely acknowledged as a financial tool for Muslims that provides services for the lower-income group, microcorporates, or people excluded by formal financial institutions, and can even include Chinese pawnshops [21]. However, it is difficult to find studies concerning the pawnbrokers themselves or the Taiwanese pawnbroking industry.…”

Section: Introductionmentioning

confidence: 99%

Key Sustainable Factors of the Pawnbroking Industry: An Empirical Study in Taiwan

Hung

Lin

2022

Sustainability

View full text Add to dashboard Cite

Numerous studies regarding the pawnbroking industry have examined Western or Islamic pawnbroking, but it is difficult to find studies concerning the pawnbrokers themselves or the Taiwanese pawnbroking industry. The current study was conducted to identify the factors of corporate sustainability (CS) in the Taiwanese pawnbroking industry. Questionnaires were completed by experts having more than 20 years of experience in the industry, resulting in a total of five dimensions and 16 factors. Samples were collected from pawnbrokers from different cities in Taiwan. Data were pair-wise compared and analyzed using the Analytic Hierarchy Process (AHP). The results indicate that customer satisfaction is the most significant dimension; capital management also plays a critical role. This study provides a basis for researchers to undertake subsequent studies with more data and suggests that the government should implement proper regulations.

show abstract

Ar-Rahnu: A Review of Literature and Future Research

Cited by 3 publications

References 8 publications

Empowering women entrepreneurs in Saudi Arabia through Ar-Rahn financing: A dual analysis approach

Empowering women entrepreneurs in Saudi Arabia through Ar-Rahn financing: A dual analysis approach

Conceptualising Of Muslims In Using Ar-Rahnu Services Offered by Malaysian Islamic Banks

Key Sustainable Factors of the Pawnbroking Industry: An Empirical Study in Taiwan

Contact Info

Product

Resources

About