Pawnbrokers association says many customers are redeeming their jewellery in view of Aidilfitri and to renew their mortgages. FMTNews Covid19 MCO
The Malaysia Pawnbrokers Association says long queues are inevitable due to the shortened working hours, the fewer number of people allowed entry at any one time and the need to maintain social distancing.
With the outlets reopening under the conditional MCO after 47 days, the patrons were back to redeem their pawned jewellery, make interest payments, extend the period of the mortgage and a few to pawn some items, he added. A visit to the Ar-Rahnu Islamic pawnshop in Gombak, Selangor, found that many had come to extend the mortgage on their pawned jewellery.“I came to pay the interest, which is three months’ overdue, on my gold bangles. I thought the outlet will be open as usual, but it is only up to 2pm.”
Plumber Mahmud, 44, a father of four, said he was grateful for the CMCO as it has enabled him to pawn some of his wife’s jewellery for cash to spend for Aidilfitri or he would have to borrow money from relatives.In Ipoh, retired private sector employee Aziman, 65, said he had to queue up for more than an hour to redeem his wife’s gold chain.
In Johor Bahru, Muhammad, 30, said he came to extend the mortgage because he did not want his jewellery to be auctioned off.
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