Ar-Rahnu & Gold
Waqaf An-Nur Gold Sdn Bhd (WAN Gold)
WAN Gold (previously known as Maruah Emas Sdn Bhd) was established on June 13, 2006 and began operations as a licensed pawnbroker (Ar-Rahnu transactions) at the Pusat Bandar Pasir Gudang, Johor.
WAQAF AN-NUR GOLD
Pasir Gudang City Center, L3-30A, Jalan Bandar, Pasir Gudang Industrial Area, 81700 Pasir Gudang, Johor
Operating hours:
Monday to Friday - 9:00 AM to 5:15 PM
Saturday & Sunday - Closed
The company's operational performance in 2023 has recorded a significant increase compared to 2022. The total financial financing increased by 13 percent or RM670 thousand.
The factors driving the increase in pawning activities are the rising cost of living and financial assistance from the government in the post-pandemic period only to targeted groups.
WAN Gold also provides an online buying and selling platform for gold that is open to individuals, companies, and agencies. An affiliate system is offered to Government agencies, business companies, and corporate entities.
WAN Gold donates 5% of the profits from the sales made by customers to Waqaf An-Nur and the benefits from this waqf are distributed in socio-economic & community welfare activities, specifically for the asnaf & B40.
The Light Gold
The Shariah-compliant Gold Trading Platform has been approved by the Waqaf An-Nur Shariah Expert Committee meeting at the end of 2022 and subsequently An-Nur Gold was launched in January 2023.
An-Nur Gold is a Shariah-compliant gold trading platform monitored by SALIHIN Shariah Advisory and the Shariah Expert Committee of Waqaf An-Nur.
This online platform is open to individuals, companies, and agencies. An affiliate system is offered to government agencies, companies and corporations.
The gold prices at An-Nur Gold are based on real-time prices accredited by the London Bullion Market Association (LBMA).
The storage cost at An-Nur Gold is calculated daily (1% per year) on the customer's gold account balance or RM0.50 equivalent in grams, whichever is higher.
Among the differences offered by An-Nur Gold compared to other digital gold available in the market are:
a. Offering the lowest spread rates in the market.
b. Registration is free and purchases as low as RM10.
c. Every purchase and sale of gold allows customers to also contribute to waqf.
d. Physical gold withdrawal from as low as 0.5 grams up to 100 grams.
e. Transactions for buying and selling gold are available 24 hours.
Ar-Rahn, Tampoi Branch
The Ar-Rahnu business is a long-term business that has the lowest investment risk because the microloans given to customers are collateralized. The Ar-Rahnu business also leans more towards Fardhu Kifayah by disregarding excessive business profits.
AR-RAHN TAMPOI
31, Jalan Aliff 4, Taman Damansara Aliff, 81200 Johor Bahru, Johor
Operating hours :
Sunday to Thursday - 9.00 AM to 4.30 PM
Friday - 9.00 AM to 12.30 PM
Saturday - Closed
The involvement of Waqaf An-Nur in the Ar-Rahnu business is highly welcomed because the Ar-Rahnu business has received very encouraging support from the various communities, especially the Muslim community. However, the response from the non-Muslim community towards the Ar-Rahnu business is also very motivating.
Waqaf An-Nur has established cooperation with Koperasi Permodalan Kelantan Berhad (KoPKB) and officially opened the Ar-Rahn Branch in Tampoi on January 25, 2022. This branch has begun to receive good response and demand for Islamic pawn system services among the local community.
