International Journal of Research and Innovation in Social Science (IJRISS)
Does Ar-Rahnu Contract Alligned with Social Finance Goal?
Published November 13, 2025 • Vol. 9, Issue 10, pp. 4929–4937Open Access
DOI: 10.47772/IJRISS.2025.910000405
Abstract
This paper examines the application of Islamic micro-financing through the Ar-Rahnu contract using a content analysis approach. It explores whether Ar-Rahnu aligns with social finance goals. The findings suggest that Ar-Rahnu offers significant advantages over other Islamic micro-financing options due to its lower pricing, higher margins, and simplified procedures. Additionally, Ar-Rahnu operations are characterized by skilled employees, high customer satisfaction, and the integration of current technology. This study contributes to the literature by comparing Islamic financial products and employing a qualitative methodology that combines content analysis with in-depth interviews.
Keywords: Ar Rahnu Contract, Islamic Finance, social finance goal, Islamic pawnbroking contract
| Journal | International Journal of Research and Innovation in Social Science (IJRISS) |
|---|---|
| ISSN | 2454-6186 |
| Volume / Issue | Volume 9, Issue 10 |
| Pages | 4929–4937 |
| Publication date | November 13, 2025 |
| DOI | 10.47772/IJRISS.2025.910000405 |
| Publisher | RSIS International |
| License | Open Access |
How to cite this article
Zahirah Hamid Ghul, Norhasimah Shahabuddin, Muhammad Abdul Hadi Abdul Rahman, & Heizal Hezry Omar (2025). Does Ar-Rahnu Contract Alligned with Social Finance Goal?. International Journal of Research and Innovation in Social Science (IJRISS), 9(10), 4929-4937. https://doi.org/10.47772/IJRISS.2025.910000405
BibTeX
@article{Zahirah2025,
title = {Does Ar-Rahnu Contract Alligned with Social Finance Goal?},
author = {Zahirah Hamid Ghul and Norhasimah Shahabuddin and Muhammad Abdul Hadi Abdul Rahman and Heizal Hezry Omar},
journal = {International Journal of Research and Innovation in Social Science (IJRISS)},
volume = {9},
number = {10},
pages = {4929--4937},
year = {2025},
doi = {10.47772/IJRISS.2025.910000405},
publisher = {RSIS International}
}