Ar-Rahnu: A Review of Literature and Future Research

Abstract

Academicians, practitioners, and other faith-based stakeholders have recognised Ar-Rahnu or Islamic pawn broking as one of micro financing tool to the Muslims. The increasing need for Ar-Rahnu services is influenced by the awareness of the Muslims on the availability of such service and the benefit of using it. In line with this development is academician is growing interest in Ar-Rahnu research, thus create opportunities for interested scholars to assess the development of research in this discipline. This paper purported to review published studies in this discipline since the inception of Ar-Rahnu concept to the current year to identify key trends or issues in Ar-Rahnu research and propose future research agenda. This review, which is the first of its kind, is hoped to be valuable to the present and future Ar-Rahnu scholars interested in the evolution of literature and identifying opportunities for future research.