Yes it is if you intend to enter the financial market from an entrepreneur’s point of view. The Ar-Rahnu X’Change has a strong backing of the Bank Rakyat group in terms of support.
This market however can be quite tricky as you will have to deal with people with financial problems, certain types of difficulties which could cause hiccups in your business.
Own a Pawnshop Business
The Ar-Rahnu X’Change is a unique business opportunity for business owners and entrepreneurs. This name is very popular and very well established in the gold-pawning industry and is backed by Bank Rakyat, one of the most reputable banks in Malaysia.
By entering into the Ar-Rahnu X’Change franchise program, you will be leveraging onto the experience and specialization of the micro credit sector using the Ar-Rahnu or Islamic pawning system which is very stable and attractive.
Through the Ar-Rahnu franchise, you will be owning a business which has been proven to be stable and profitable since the 19th century as there is a high demand for instant cash and micro-credit services ever since.
There is a large market demand for such services and this is one area which is considered to be recession-proof. Furthermore, by trading on gold prices, it is considered to be one of the most stable investment int eh world.
This brand has been around since 1993 where you will be provided with training on how to run the business, advice on location and renovation and marketing. The franchising fees to start the Ar-Rahnu X’Change is RM35,000 where you will need to pay an additional RM50,000 as security deposit.
The starting cost of this business is about RM248,000 to RM304,000 depending on the size and location of the outlet. Once you have started the business, you will find that running an Ar-Rahnu X’Change can be quite easy as there is a steady stream of customers who invest in gold as well as looking for instant cash in exchange for this valuable commodity.