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Rahn Based on Tawarruq Model: Evidence from Malaysia

Rahn is a supporting contract and has become a tool for the public to get easy micro-financial assistance. However, the conventional and rahn are under different regulators. Recently, the rahn industry in Malaysia needs to migrate from qard to the tawarruq concept. This paper begins with the backgro...

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Main Authors: Md Nor, Mohd Zakhiri, Mohamad, Ani Munirah, Md Isa@ Yusuff, Yusramizza, Md Isa, Mohamad Yazid
Format: Conference or Workshop Item
Language:English
Published: 2022
Subjects:
HF Commerce
Online Access:https://repo.uum.edu.my/id/eprint/30692/1/7th%20ICSC%202022%20243-250.pdf
https://repo.uum.edu.my/id/eprint/30692/
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spelling my.uum.repo.306922024-04-02T09:35:00Z https://repo.uum.edu.my/id/eprint/30692/ Rahn Based on Tawarruq Model: Evidence from Malaysia Md Nor, Mohd Zakhiri Mohamad, Ani Munirah Md Isa@ Yusuff, Yusramizza Md Isa, Mohamad Yazid HF Commerce Rahn is a supporting contract and has become a tool for the public to get easy micro-financial assistance. However, the conventional and rahn are under different regulators. Recently, the rahn industry in Malaysia needs to migrate from qard to the tawarruq concept. This paper begins with the background of the rahn industry in Malaysia. This paper examines the concept of the based tawarruq model. This paper also analyses the modus operandi of rahn under the qard and tawarruq model and YaPEIM as a case study. This paper is qualitative. The data is analysed by using content and comparative analysis. This paper found that the practice varies through the practice of rahn based on tawarruq in terms of profit rate. The operator still charges profit based on the amount of marhun as the practice during rahn based on qard. However, the operator now charges the profit based on the amount of tawarruq disbursed to the customer. 2022 Conference or Workshop Item PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/30692/1/7th%20ICSC%202022%20243-250.pdf Md Nor, Mohd Zakhiri and Mohamad, Ani Munirah and Md Isa@ Yusuff, Yusramizza and Md Isa, Mohamad Yazid (2022) Rahn Based on Tawarruq Model: Evidence from Malaysia. In: 7th International Case Study Conference, 13 - 15 September 2022, Raia Hotel & Convention Centre, Terengganu, Malaysia.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutional Repository
url_provider http://repo.uum.edu.my/
language English
topic HF Commerce
spellingShingle HF Commerce
Md Nor, Mohd Zakhiri
Mohamad, Ani Munirah
Md Isa@ Yusuff, Yusramizza
Md Isa, Mohamad Yazid
Rahn Based on Tawarruq Model: Evidence from Malaysia
description Rahn is a supporting contract and has become a tool for the public to get easy micro-financial assistance. However, the conventional and rahn are under different regulators. Recently, the rahn industry in Malaysia needs to migrate from qard to the tawarruq concept. This paper begins with the background of the rahn industry in Malaysia. This paper examines the concept of the based tawarruq model. This paper also analyses the modus operandi of rahn under the qard and tawarruq model and YaPEIM as a case study. This paper is qualitative. The data is analysed by using content and comparative analysis. This paper found that the practice varies through the practice of rahn based on tawarruq in terms of profit rate. The operator still charges profit based on the amount of marhun as the practice during rahn based on qard. However, the operator now charges the profit based on the amount of tawarruq disbursed to the customer.
format Conference or Workshop Item
author Md Nor, Mohd Zakhiri
Mohamad, Ani Munirah
Md Isa@ Yusuff, Yusramizza
Md Isa, Mohamad Yazid
author_facet Md Nor, Mohd Zakhiri
Mohamad, Ani Munirah
Md Isa@ Yusuff, Yusramizza
Md Isa, Mohamad Yazid
author_sort Md Nor, Mohd Zakhiri
title Rahn Based on Tawarruq Model: Evidence from Malaysia
title_short Rahn Based on Tawarruq Model: Evidence from Malaysia
title_full Rahn Based on Tawarruq Model: Evidence from Malaysia
title_fullStr Rahn Based on Tawarruq Model: Evidence from Malaysia
title_full_unstemmed Rahn Based on Tawarruq Model: Evidence from Malaysia
title_sort rahn based on tawarruq model: evidence from malaysia
publishDate 2022
url https://repo.uum.edu.my/id/eprint/30692/1/7th%20ICSC%202022%20243-250.pdf
https://repo.uum.edu.my/id/eprint/30692/
_version_ 1795292273305452544
score 13.211869

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