Features & Benefits
- Two ways to obtain financing using gold items and precious stones.
Al-Jauhar Az-Zahab Accepted Collaterals Gold items and precious stones Gold items only Financing Limit 95% of collateral's prevailing market rate, up to BND 45,000.00 80% of collateral's prevailing market rate, up to BND 40,000.00 Minimum Daily Transaction Limit BND 300.00 BND 100.00 Maximum Daily Transaction Limit BND 9,000.00 BND 8,000.00
- Hassle-free short-term financing; no personal continuing guarantor is needed to apply for our micro financing scheme.
- With a maximum financing term of twelve (12) months*, our micro financing scheme provides you a disciplined approach to reach your goals, with hassle-free monthly installments.
- Get fair value for your gold items; in the event of non-redemption, the balance of the profits obtained after your items are auctioned off are returned to you.
*For Ar-Rahnu Az-Zahab, the maximum financing term is six (6) months.
Ar-Rahnu is Islamic pawn-broking based on the principles of Wadiah Yad Dhamanah and Ar-Rahn. The former refers to placement of goods or deposits with another person, who is not the owner, for safe-keeping while Ar-Rahn is an arrangement whereby a valuable asset is placed as collateral for a debt. It is an easy way for you to attain micro financing, and we give you an opportunity to choose transactions that do not involve riba. Learn more »
- Brunei Citizens and Permanent Residents
- Individuals aged 18 to 65 years
- Assignment of Income (applicable for Al Jauhar scheme)
- Identity cards of both applicant and spouse
- Latest salary slip (where applicable)
- Marriage Certificate / Annulment or Divorce Certificate / Death Certificate (where applicable)
- Identity card of collateral owner
- Letter of Consent from collateral owner
- Proxy Letter (for redemption purposes)
- Identity card of the proxy
Fees and Requirements
Minimum Monthly Net Deduction of Salary
Monthly Net Deduction of Salary, inclusive of pre-calculation of safekeeping fee per month, must not be less than BND 350.00 (applicable for Al-Jauhar scheme)
Al-Jauhar: BND 1.10 per BND 100.00 of collateral
Az-Zahab: BND 0.95 per BND 100.00 of collateral
Al-Jauhar: BND 20.00
Az-Zahab: BND 15.00
Al-Jauhar: BND 14.00
Az-Zahab: BND 4.00
Lost of Acceptance Letter
Cleaning Service Charge (for gold jewellery only)
BND 2.00 per item
Please contact our customer service representative or visit our branches for more information on applicable rates.