Showing posts with label damanah. Show all posts
Showing posts with label damanah. Show all posts

Wednesday, October 13, 2010

FINANCE - PAWNBROKING - From gold to cash the Islamic way

DELEGATES from various financial institutions delivered their deliberations yesterday at the Asean Regional Ar-Rahnu Secretariat Meeting 2010 to share ideas and discuss issues related to Ar Rahnu.

Organised by Bank Islam Brunei Darussalam (BIBD), the meeting was hosted in the Sultanate for the first time since the local Islamic bank became a member of the Malaysia-based Ar-Rahnu Regional Secretariat.

Ar-Rahnu is an Islamic and Syariah-based pawn broking service which provides customers with financing assistance using gold as collateral.