Staff View: Understanding the concept of Ar-Rahnu: research among the students Academy Of Contemporary Islamic Studies (ACIS) UiTM Dungun / Izzah Farhana Mustapa

Understanding the concept of Ar-Rahnu: research among the students Academy Of Contemporary Islamic Studies (ACIS) UiTM Dungun / Izzah Farhana Mustapa

Ar-Rahnu is a simplistic, short-term financing strategy that is carried out in a short period of time and is free of usury. It is presented to the community by pawning jewellery to various ArRahnu institutions such as banks or pawn shops as collateral to loans. Ar-Rahnu is most often recognised as a...

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Main Author:	Mustapa, Izzah Farhana
Format:	Student Project
Language:	English
Published:	2022
Subjects:	BF Psychology Consciousness. Cognition Awareness BP Islam. Bahaism. Theosophy, etc Islam Islam and economics
Online Access:	https://ir.uitm.edu.my/id/eprint/77074/1/77074.pdf https://ir.uitm.edu.my/id/eprint/77074/
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id	my.uitm.ir.77074
record_format	eprints
spelling	my.uitm.ir.770742023-05-22T04:48:33Z https://ir.uitm.edu.my/id/eprint/77074/ Understanding the concept of Ar-Rahnu: research among the students Academy Of Contemporary Islamic Studies (ACIS) UiTM Dungun / Izzah Farhana Mustapa Mustapa, Izzah Farhana BF Psychology Consciousness. Cognition Awareness BP Islam. Bahaism. Theosophy, etc Islam Islam and economics Ar-Rahnu is a simplistic, short-term financing strategy that is carried out in a short period of time and is free of usury. It is presented to the community by pawning jewellery to various ArRahnu institutions such as banks or pawn shops as collateral to loans. Ar-Rahnu is most often recognised as a type of micro-credit loan or financial instrument used to assist low-income individuals in meeting their requirements or as capital for a company. In general, Ar-Rahnu is a novel idea in the nation, despite the fact that the mortgage transaction is one of the oldest loan transactions in Malaysia, according to history. The Ar-Rahnu contract is intended to enable a mortgage as collateral to a debt nor is it intended for a profitable investment. Therefore, if there are such elements in the Ar-Rahnu contract, the proceeds of exploitation and profits earned are treated as riba. This is because based on the main purpose of Ar-Rahnu is to help individuals, small traders or low-income groups provide their financial needs without having to use other alternatives such as interest-bearing loans and complicated financing procedures act as capital for small traders. Therefore, it is also intended as an education funding assistance to help sustain the small agricultural industry. Therefore, this study was conducted to identify whether the students from the Academy of Contemporary Islamic Studies (ACIS) at UiTM Dungun understand the concept of Ar-Rahnu practiced in Malaysia. In line with the objectives of the study, qualitative analysis through in-depth interview techniques were conducted on several students of the Academy of Contemporary Islamic Studies (ACIS) who are at UiTM Dungun on the extent of their understanding of the concept of Ar-Rahnu or Islamic pawnshop. Based on the results of the study obtained found that on average they understand about the concept of Ar-Rahnu introduced, however, there are a handful of students who do not understand the concept of Ar-Rahnu in depth 2022-01 Student Project NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/77074/1/77074.pdf Understanding the concept of Ar-Rahnu: research among the students Academy Of Contemporary Islamic Studies (ACIS) UiTM Dungun / Izzah Farhana Mustapa. (2022) [Student Project] <http://terminalib.uitm.edu.my/77074.pdf> (Submitted)
institution	Universiti Teknologi Mara
building	Tun Abdul Razak Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Teknologi Mara
content_source	UiTM Institutional Repository
url_provider	http://ir.uitm.edu.my/
language	English
topic	BF Psychology Consciousness. Cognition Awareness BP Islam. Bahaism. Theosophy, etc Islam Islam and economics
spellingShingle	BF Psychology Consciousness. Cognition Awareness BP Islam. Bahaism. Theosophy, etc Islam Islam and economics Mustapa, Izzah Farhana Understanding the concept of Ar-Rahnu: research among the students Academy Of Contemporary Islamic Studies (ACIS) UiTM Dungun / Izzah Farhana Mustapa
description	Ar-Rahnu is a simplistic, short-term financing strategy that is carried out in a short period of time and is free of usury. It is presented to the community by pawning jewellery to various ArRahnu institutions such as banks or pawn shops as collateral to loans. Ar-Rahnu is most often recognised as a type of micro-credit loan or financial instrument used to assist low-income individuals in meeting their requirements or as capital for a company. In general, Ar-Rahnu is a novel idea in the nation, despite the fact that the mortgage transaction is one of the oldest loan transactions in Malaysia, according to history. The Ar-Rahnu contract is intended to enable a mortgage as collateral to a debt nor is it intended for a profitable investment. Therefore, if there are such elements in the Ar-Rahnu contract, the proceeds of exploitation and profits earned are treated as riba. This is because based on the main purpose of Ar-Rahnu is to help individuals, small traders or low-income groups provide their financial needs without having to use other alternatives such as interest-bearing loans and complicated financing procedures act as capital for small traders. Therefore, it is also intended as an education funding assistance to help sustain the small agricultural industry. Therefore, this study was conducted to identify whether the students from the Academy of Contemporary Islamic Studies (ACIS) at UiTM Dungun understand the concept of Ar-Rahnu practiced in Malaysia. In line with the objectives of the study, qualitative analysis through in-depth interview techniques were conducted on several students of the Academy of Contemporary Islamic Studies (ACIS) who are at UiTM Dungun on the extent of their understanding of the concept of Ar-Rahnu or Islamic pawnshop. Based on the results of the study obtained found that on average they understand about the concept of Ar-Rahnu introduced, however, there are a handful of students who do not understand the concept of Ar-Rahnu in depth
format	Student Project
author	Mustapa, Izzah Farhana
author_facet	Mustapa, Izzah Farhana
author_sort	Mustapa, Izzah Farhana
title	Understanding the concept of Ar-Rahnu: research among the students Academy Of Contemporary Islamic Studies (ACIS) UiTM Dungun / Izzah Farhana Mustapa
title_short	Understanding the concept of Ar-Rahnu: research among the students Academy Of Contemporary Islamic Studies (ACIS) UiTM Dungun / Izzah Farhana Mustapa
title_full	Understanding the concept of Ar-Rahnu: research among the students Academy Of Contemporary Islamic Studies (ACIS) UiTM Dungun / Izzah Farhana Mustapa
title_fullStr	Understanding the concept of Ar-Rahnu: research among the students Academy Of Contemporary Islamic Studies (ACIS) UiTM Dungun / Izzah Farhana Mustapa
title_full_unstemmed	Understanding the concept of Ar-Rahnu: research among the students Academy Of Contemporary Islamic Studies (ACIS) UiTM Dungun / Izzah Farhana Mustapa
title_sort	understanding the concept of ar-rahnu: research among the students academy of contemporary islamic studies (acis) uitm dungun / izzah farhana mustapa
publishDate	2022
url	https://ir.uitm.edu.my/id/eprint/77074/1/77074.pdf https://ir.uitm.edu.my/id/eprint/77074/
_version_	1768011606900342784
score	13.211869

Understanding the concept of Ar-Rahnu: research among the students Academy Of Contemporary Islamic Studies (ACIS) UiTM Dungun / Izzah Farhana Mustapa

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