If the pledgor proposes to sell the collateral to repay the debt, the pledgee still holds a valid right of retention. He need not surrender it without assurance that the debt will be paid from the sale proceeds.
If the collateral may sell for 1,200 dirhams and the debt is 700, a proper arrangement secures repayment of 700 from the proceeds while the balance belongs to the owner. The pledgee does not become owner of all sale proceeds merely because the item was pledged.
Opening interactive controls...
The pledgee’s protection when sale is requested
Kitab al-Rahn: Partial Repayment, Agency to Sell and Pledgee Rights
If the pledgor proposes to sell the collateral to repay the debt, the pledgee still holds a valid right of retention. He need not surrender it without assurance that the debt will be paid from the sale proceeds.
If the collateral may sell for 1,200 dirhams and the debt is 700, a proper arrangement secures repayment of 700 from the proceeds while the balance belongs to the owner. The pledgee does not become owner of all sale proceeds merely because the item was pledged.