17.05.2010 - Indonesia: Shariah lenders scramble for golden opportunity in the pawn shop market
From Thejakartaglobe.com: The nation’s Shariah banks are catching gold fever as more lenders launch pawn shop services to allow owners of the precious metal quick access to cash. State-owned pawn shop Perum Pegadaian still dominates the gold pawn business, known by the Shariah term Rahn, but the domestic banks are now scrambling to get a slice of the estimated Rp 75 trillion ($8.25 billion) a year market. At the same time, a new method of gold investment called “gold farming” is boosting the size of the market..............................................Full Article: Source
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