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Going for Gold

Wednesday, August 24, 2011

The sharia-based gold pawnshop business is on the up. Besides Perum Pegadaian, sharia banks are joining the race.

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MULI Muliawati, 32, visited the branch office of Perum Pegadaian (state pawnshop company) on Jalan Dewi Sartika, East Jakarta, on Thursday last week. She intended to pawn her gold ornament through its service product Ar-Rahn or Sharia Pawnshop. After completing a form entitled loan request, she delivered the paper and her ornament to the appraisal counter.

In less than 10 minutes, the appraiser called her name to ascertain the weight and price of

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