IBM defines pawn broking or pawn broking as lending money in exchange for personal property item of value provided as collateral. The history of pawn broking dates back to ancient times. There are several evidences for pawn broking mentioned in religious texts like Quran and Hadith. Pawn broking provides benefits like alleviating poverty, securing loans for emergencies, promoting entrepreneurship. With proper regulations, pawn broking has the possibility to be an ethical form of lending that helps people during times of need.