The source connects the historical istiʿsāʾ arrangement to payment of the outstanding debt. The legal discussion therefore addresses both the effect of manumission and preservation of the creditor’s claim.
The issue is not merely pronouncing freedom; it is how the security position changes afterward. Insolvency is treated separately precisely because the pledgor cannot provide the substitute in the ordinary way.
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Purpose of istiʿsāʾ in the source
Kitab al-Rahn: Manumission, Destruction and Liability for Injury
The source connects the historical istiʿsāʾ arrangement to payment of the outstanding debt. The legal discussion therefore addresses both the effect of manumission and preservation of the creditor’s claim.
The issue is not merely pronouncing freedom; it is how the security position changes afterward. Insolvency is treated separately precisely because the pledgor cannot provide the substitute in the ordinary way.