A Framework for Regulating Pawn shops Why Do，What Area and Syariah View【外文翻译】

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1、外文翻译原文AFrameworkforRegulatingPawnshops:WhyDo，WhatAreaandSyariahViewMaterialSource:：www.kantakji.com/fiqh/finance/sem159-reg-frame-pawnshopAuthors：AbdulGhafarb.ismail1.IntroductionTheimportanceofpawnshopasacreditresourceinMalaysiafinancialmarketisdifficulttoestima

2、tebecauseofBankNegaraMalaysiadoesnottakeintoconsiderationthecreditgivenbythepawnshopinthedomesticstatisticonthecredit.However,basedonthedatagivenbypawnshops,thetotalofcredithasbeenestimatedaboutRM130millionattheendofyear2000(atleastRM70million)wasanewcredit.Total

3、domesticcreditattheendofyear2000isaroundRM454.2billionfromthetotal,therewasRM182.1billionandRM64.7billiongivenbycommercialbankandfinancialcompanies.Basedonthismeasurable,pawnshopcanbecalledasasmallbankthatprovidedaround0.03percentofcreditresourceinMalaysiafinanci

4、almarket.Besidesthat,thereare334pawnshopsattheendofyear2000oronepawnshopforeveryfivesubsidiariesofcommercialbank.Furthermore,onthatyear,theamountofcustomerswasestimatedaround1,015,200(withanaverage300customerspermonth).LoanaverageonlyRM803,sothepawnshopcreditasap

5、ercentagetothetotalcreditisnotsignificantcomparedtotheaverageofpopulationsizewhoaregetthebenefit(inyear2000,populationsizeinMalaysiawasestimatedaround23million).Outsidethemeasurable,pawnshopalsoveryimportanttoMalaysianpeople,especiallyforagroupwithalowincomeandal

6、owereducation(atprimaryschoollevel).Theyhavemoreriskoncreditandthissituationcanmakethemoutoftheformalfinancialmarket.ThestudybyRugayah(1986)showsthatloanprocesscanbeclassifiedtothreegroups.Therearehousehold,privateworkersandgovernmentworkers.Thesecustomersturntop

7、awnshoptogetthecreditbecauseoftheyarenotallowedtogetloanfromformalfinancialmarket.WhilethestudybyAbdulGhafarandNurZakiah(1997)showsthatcustomerusedpawnshopbasedontheirownsatisfactionlikesforhouseholdexpenditureandemergencycase.Theamountofthecreditcanbedrawnassoon

8、aspossiblebyansweringsomesimplequestions.Basedonthemeasurable,itcannotbedeniedthatpawnshopinstitutioninMalaysiahaveabigpotentialinsocietydevelopmentthatifpawns