Shariah
e-Ar RahnuCertificate
Official certification from Afsha Shariah Advisory Sdn. Bhd. confirming EVG Gold’s e-Ar Rahnu Financing Product is Shariah-compliant.
Certification
e-Ar RahnuCertificate
EVG Gold’s e-Ar Rahnu Financing Product is certified Shariah-compliant under the Tawarruq concept.
Afsha Shariah Advisory has reviewed the product documents and certified EVG Gold’s e-Ar Rahnu Financing Product as Shariah-compliant under Tawarruq — Islamic gold financing without riba (interest), gharar (excessive uncertainty), or maysir (gambling). As with Ar Rahnu, the facility is gold-backed and any safekeeping charge is ujrah (upah simpan), a service fee, not interest.
Learn more
What is e-ArRahnu?
e-Ar Rahnu on EVG Gold is in-app financing against eligible vault gold you already hold. The wider Ar Rahnu tradition is Islamic, gold-backed liquidity: you do not sell the metal, and the arrangement is not built on riba (interest). Scholars describe related contracts such as a benevolent loan (Qard al-Hasan), a pledge (al-Rahn), and guaranteed safekeeping (al-Wadiah Yad al-Dhamanah). EVG Gold’s product is the digital, Tawarruq-certified version of that purpose — reviewed by Afsha Shariah Advisory so the facility stays free of riba, gharar, and maysir.
The point is access to cash while your gold stays allocated in EVG Gold custody. You are not required to liquidate the holding, and you are not walking into a shop-front pawn. Eligibility, fees, and release all follow the product terms shown in the app after Afsha’s Shariah review.
Tawarruq structure
The e-Ar Rahnu Financing Product is based on the Tawarruq concept — an established Shariah-compliant financing arrangement reviewed by independent advisers.
No riba, gharar, or maysir
Transactions must comply with applicable Shariah standards and must not contain interest, excessive uncertainty, or gambling.
Independent Shariah review
Afsha Shariah Advisory reviewed the product documents and certified compliance from a Shariah perspective.
Ongoing compliance
The endorsement requires continued adherence to Shariah principles and is subject to review by the relevant authorities and Afsha Shariah Advisory.
Vault gold, not a sale
Eligible physical gold in your EVG Gold account can support the facility. Title to that holding is not treated as a disposal; it stays allocated until the app terms say it is released.
Interest is not the model
A conventional credit or pawn product often prices money as interest. e-Ar Rahnu is certified on Tawarruq. Where a safekeeping charge applies, it is ujrah (a service fee), not riba.
Held in EVG Gold custody
Collateral gold stays in the same vault-backed custody model as your other allocated metal. Applying in the app does not mean the bars are moved to a pawn shop.
Release follows app terms
When you settle as the EVG Gold app describes, the gold is released from the facility. Timing and any charges are those on-screen terms — not a separate over-the-counter pawn tariff.
How it works
Four stepsin the app
A high-level path from gold you hold to financing under the certified structure. Product terms appear in the EVG Gold app.
Hold vault-backed gold
Keep eligible physical gold in your EVG Gold account, held in secure custody.
Apply in the app
Request e-Ar Rahnu against eligible gold through the EVG Gold app.
Receive Tawarruq financing
Financing is arranged under the certified Tawarruq structure reviewed by Afsha.
Repay to release gold
Settle according to the product terms shown in the app to release your gold.
Support
e-Ar RahnuFAQs
Clear answers about Islamic gold-backed financing and EVG Gold’s certified e-Ar Rahnu facility.
It is EVG Gold’s certified, in-app facility for customers who already hold eligible vault gold and want liquidity without selling that metal. The broader Ar Rahnu idea is Shariah-based, gold-backed financing rather than an interest loan. Our product is structured and certified on Tawarruq by Afsha Shariah Advisory.
Shop-front pawn usually prices the loan as interest. e-Ar Rahnu is digital, vault-backed, and certified on Tawarruq. Safekeeping, if charged, is ujrah — a fee for custody — not riba. You complete the request in the EVG Gold app.
No. Afsha Shariah Advisory certified that the e-Ar Rahnu Financing Product complies with Shariah principles and must not contain riba, gharar, or maysir.
Yes. The metal remains allocated in EVG Gold vault custody while it supports the facility. Completing e-Ar Rahnu is not a sale of your holding. Release happens when you settle under the on-screen product terms.
It is for EVG Gold customers who already hold eligible vault-backed gold and want Shariah-compliant liquidity without selling that gold.
The official Afsha Shariah certificate for EVG Gold’s e-Ar Rahnu Financing Product is on this page. It is dated 10 August 2026 and valid until 11 August 2027.