The SAR scheme is an additional microcredit financing service to the existing financing scheme aimed at assisting the community especially our members during financial constraints. This scheme provides secure debt under Shariah law.
Eligibility
- Open to members and non-members
- Aged 18 years old and above
- Open to all eligible Malaysian citizens and foreign passport holders
- Present yourself and bring a photo of identification
- Gold collateral only with ownership of the applicant
- In good behaviours and conduct. Not involved in any drug addictions or intoxications during the transaction
- Address and the latest information
Advantages of Sahabat Ar Rahnu
- Fast, easy, and safe
- Free from CCRIS & CTOS
- Zero-interest (Riba)
- No processing fee
- 12-month financing period
- Accept various quality types and shapes of gold
- Accept loan repayment by installment
- Excess sell-offs will be returned
The Concept of Refinancing
- The borrower is allowed to deposit the same collateral provided that the previous financing conditions and repayment interest (Upah Simpan) are settled per new financing terms. The amount of new financing depends on the current Marhun price.
- Or reduce/increase the number of collateral items then redemption needs to be done and the borrower has to carry out the loan again
Financing
- Up to 70% financing margin from the gold value
- • The total accumulated financing for a debtor/borrower does not exceed RM50,000.00 to RM150,000.00 (the maximum amount depends on the branch category)
- • The daily financing limit does not exceed RM20,000.00 to RM50,000.00 (the maximum amount depends on the branch category)
Repayment Interest (Upah Simpan) Rate
- The repayment rates are calculated based on the Marhun value and the period of the number of months the collateral is redeemed.
- The minimum repayment interest rate equivalent to the half-month rate will be charged on collateral redeemed within 15 days.
- Repayment interest rates are as follows: –
| Marhun Price (RM) | Repayment Interest Rate (Upah Simpan Rate) | |
| Regular Repayment Rate (RM) | Repayment Rate for Members (RM) | |
| 1.00 – 400.00 |
0.80 |
0.75 |
| 401.00 – 2,000.00 |
0.90 |
0.85 |
| 2,000.01 and above |
1.00 |
0.95 |
Accepted Gold Collateral (Marhun)
|
Accepted Gold Collateral (Marhun) |
|
| Jewelry |
999 , 916 , 900 , 835 , 750 |
| Gold Coins (0.5gm to 50gm) | |
| Gold Wafer (0.5gm to 50gm) | |
| Jewelry with gemstones (Subject to terms and conditions) | |
List of Sahabat Ar Rahnu Branch Branches
Introduction
Koperasi Amanah Koop Berhad (Koop Sahabat) has approved I-Lestari financing products to assist members in resolving financial problems. This product is personal financing offered to eligible members without collateral.
Financing Rate
- 7.00% (for 1 to 3 years of application)
- 8.00% (for 4 to 10 years of application)
Eligibility
- Members of Koop Sahabat
- Minimum share RM1,000.00
- Minimum age of 18 years old and maximum age of 70 years old at the end of the financing period
For any further inquiries regarding i-Lestari products, please contact: –
Koperasi Sahabat Amanah Ikhtiar Malaysia Berhad (Koop Sahabat) has approved the Umrah Ziarah financing product to help members perform Umrah. Umrah and Ziarah’s matters will be managed by an accredited agency appointed by Koop Sahabat. This product is a Shariah-compliant personal financing product based on the Tawarruq concept with a financing rate as low as 5%.
Eligibility
- Members of Koop Sahabat
- Minimum share RM7,000.00
- Minimum age of 18 years old and maximum age of 70 years at the end of the financing period
Features
- Minimum financing amount of RM7,000.00, subjecting to eligibility
- Financing period up to 5 years
- Does not require a guarantor
- The profit rate is calculated based on a flat rate
- Tabung Khairat Protection
- Tabung Khairat is an internal mechanism that serves as an alternative to Takaful
- The processing fee is RM 100.00 for each approved financing application
For any further inquiries regarding i-Umrah products, please contact: –