Our Shariah position

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.

How Ar-Rahnu works

Ar-Rahnu is Islamic pledge-based financing. A customer pledges an item of value, usually gold, as security and receives financing. The item is held in safekeeping and returned when the customer redeems. Charges are set out before the customer agrees, and the financing does not carry interest.

How the platform supports it

• Each operator's financing products, including their charges and contract structure, are reviewed and approved before staff can use them.
• Every product records the reference of its Shariah approval.
• Charges are fixed when the financing is agreed and do not change if the gold price moves.
• If an item is not redeemed and is sold at auction, the proceeds pay the financing, the charges due and the permitted auction costs. Any surplus belongs to the customer and is returned to them; a surplus left unclaimed is handed to the Accountant General (SKM Arahan Bil. 1/2025 para 53).

What we will publish

When the review of the platform's structure concludes, we will publish the adviser's identity and the outcome on this page. Until then, please treat Silsilat as a pilot.