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The Rahin destroyed the collateral. the creditor has no collateral at hand. What should he do? PDF Print E-mail
Kitabur Rahn [Collateral - pawning] - Definition

Question 902) - The Rahin destroyed the collateral. the creditor has no collateral at hand. What should he do?

A: The Rahin is liable for the price of the collateral which will be given as new collateral.

~ al-Quduri ~