Infrastructure for Ar-Rahnu liquidity

The problem we solve

Ar-Rahnu is a trusted, Shariah-based way for households to access short-term financing against gold. Operators — many of them cooperatives — fund pledges from their own balance sheet. When demand rises, they run out of capacity, even though the gold in their vaults could support more.

Financing partners want short-dated exposure to Ar-Rahnu financing, but they need to see exactly what they are funding: the item, how it was valued, the terms and who approved them.

What Silsilat does

• Gives operators one place to register customers, record valuations, issue receipts and manage financing, with second-person approvals built in.
• Lets operators request funding against eligible financings under agreed programmes.
• Lets financing partners review each request and decide for themselves.
• Keeps a double-entry ledger of every ringgit moved, reconciled against bank statements.

What Silsilat does not do

• We do not lend to customers directly. Customers deal with their Ar-Rahnu operator.
• We do not take deposits or offer investments to the public.
• We do not estimate the value of gold automatically. Valuers record it.

Where we are today

• Running as a pilot with selected Ar-Rahnu operators.
• The platform's structure is under Shariah and legal review.
• Each financing product is approved before it can be used.
• Open to institutional financing partners only, not the public.