15 Ar-Rahnu XChange branches in the pipeline

KUALA LUMPUR: Bank Kerjasama Rakyat Sdn Bhd (Bank Rakyat), via its wholly owned unit Rakyat Management Sdn Bhd, plans to open 15 Ar-Rahnu X'Change branches under its franchise programme over the next three years.

Besides the seven Ar-Rahnu X'Change outlets operated by the bank, there are three franchised branches of the Islamic-based pawn broking operations in the country.