A man sold a slave on condition that the buyer gives a specific item as collateral for the price. The buyer refused to hand over the collateral. what is the status of the sale and the Rahn? Print
Kitabur Rahn [Collateral - pawning] - Definition

Question 917) - A man sold a slave on condition that the buyer gives a specific item as collateral for the price. The buyer refused to hand over the collateral. what is the status of the sale and the Rahn?

A: The sale is valid. The buyer cannot be forced to give the Collateral. The seller can then either forfeit the Rahn or
cancel the sale; unless the buyer immediately pays the price or gives the value of the collateral to keep as collateral. He wiil then keep it until settlement of the debt.

~ al-Quduri ~