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The collateral is in the hands of the creditor" A third party destroys it. Who is liable for the destroyed item? What does the Murtahin keep as collateral? PDF Print E-mail
Kitabur Rahn [Collateral - pawning] - Definition

Question 903) - The collateral is in the hands of the creditor" A third party destroys it. Who is liable for the destroyed item? What does the Murtahin keep as collateral?

A: The Murtahin must claim compensation from the third party. He will take the price and keep it as collateral.

~ al-Quduri ~