Pos Malaysia Berhad embarked in introducing Islamic Micro Financing as one of its new services within a postal environment. Pos Ar-Rahnu Sdn. Bhd. established since July 2012 with the opening of its first two outlets in Pejabat Pos Bandar Baru Bangi and Kuala Terengganu. To date, there are 75 Ar-Rahnu@POS outlets opened at selected post offices nationwide.
In line with its syariah-compliant business, Ar-Rahnu@POS offers pawn-broking financing of up to 75% of the appraised value of gold. This financing method is not only targeted to Muslims but it is also offered to all Malaysians and foreigners with valid passport. This micro credit financing is also expected to assist small traders, low income families as well as civil servants to avail themselves to a source of easy credit in fast, simple and safe environment.
By offering interest-free financing to everyone, Pos Malaysia enhances its corporate social responsibility to another level. Pos Ar-Rahnu Sdn Bhd is expected to be a major player in the Islamic Micro Financing Business in the near term.