The following clause keeps the replacement value as security until the debt matures. The manumission has taken effect, but the creditor’s financial protection continues through a substitute.
For instance, a debt is payable in three months. Under the historical rule, the assessed value replaces the released collateral, while the payment deadline remains unchanged.
This describes the internal mechanics of the old doctrine; it is not a contemporary proposal to value or pledge a human being.
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How long substitute security remains held
Kitab al-Rahn: Manumission, Destruction and Liability for Injury
The following clause keeps the replacement value as security until the debt matures. The manumission has taken effect, but the creditor’s financial protection continues through a substitute.
For instance, a debt is payable in three months. Under the historical rule, the assessed value replaces the released collateral, while the payment deadline remains unchanged.
This describes the internal mechanics of the old doctrine; it is not a contemporary proposal to value or pledge a human being.