Syariah-based pawn broking or Ar-Rahnu is an Islamic pawn broking, considered to be a new product in the co-operative sector. There are many advantages in comparing Ar-Rahnu to conventional pawn broking, among which, it seems to be one of the tools to create business opportunities and to uplift the economic and social status of the members of co-operative. Bank Rakyat and a few other co-operatives in this country have shown positive results in implementing Ar-Rahnu and the average percentage in Ar-Rahnu transactions per year has increased tremendously. The ever increasing demand for this particular Islamic pawn broking services does not only mirror the economic acceptance but also reflect the fairness and non-exploitative system of Islamic finance.
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