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Pos Malaysia sets up Islamic pawn broking business

Posted on 26 June 2012

Pos Malaysia has agreed a deal with the Islamic bank Bank Muamalat Malaysia to form a joint venture to provide Islamic loans under the Ar-Rahnu system.
The new company Pos Ar-Rahnu will offer Islamic pawn broking services in Malaysia‚Äôs network of more than 700 post offices. The Malaysian postal operator has acquired the entire capital of a company by the name of Bright Emerald Sdn Bhd, through which the joint venture will operate, renamed Pos Ar-Rahnu………………………………………..Full Article: Source

 
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