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Tekun Nasional and Public Gold formalise partnership
Last update: 13/07/2018

KUALA LUMPUR, July 13 (Bernama) -- The National Entrepreneurial Group Economic Fund (TEKUN Nasional) and Public Gold Marketing Sdn Bhd (Public Gold) have partnered to broaden the latter's gold product distribution channel through Ar-Rahnu TEKUN.

The deal was inked between TEKUN Nasional chief executive officer, Datuk  Baharom  Embi, and Public Gold group executive chairman, Datuk Louis Ng Chun Hou, in a signing ceremony at the TEKUN Nasional head office today.

Through this alliance, members of the public will enjoy the convenience of purchasing Public Gold products of Au 999.9 purity, ranging from gold bars (0.5g to 250g) to wafers (½ dinar to 10 dinar) at Ar-Rahnu TEKUN outlets.

The high-quality gold products are Shariah-compliant and accredited by the London Bullion Market Association.

"I am confident that through this collaboration, Ar-Rahnu will be diligently expanding its branches and helping entrepreneurs at the same time. TEKUN Nasional is targeting a minimum sale of RM500,000 worth of gold by the end of the year," said Baharom.

He said that gold can be used as a guarantee to get quick financing for a business or other economic activity which can improve the lives of people.

"Gold not only acts as a hedge against possible financial crisis but is also wealth that can be passed down from one generation to another with exceptional appreciation over time. We see the need to open up more channels to encourage people to keep physical gold for a brighter and secure future, which ultimately leads to a wealthier nation," said Ng.

Ar-Rahnu TEKUN, a subsidiary of TEKUN Nasional, currently has eight outlets in the Klang Valley, Kedah, Kota Bharu, Tawau and Johor Bahru, but due to tremendous response, it plans to open in Sarawak, Pahang, Sabah, Perak and Perlis too.



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