فالراهن بالخيار
Translation: The pledgor retains a choice before possession takes place.
The pledgor can deliver the property or retract the pledge before qualifying possession. At this stage delivery is not imposed as though all the consequences of a completed pledge had already arisen.
Example: Bakr promises to pledge his watch tomorrow but withdraws before delivery. That withdrawal must not be mistaken for cancellation of the loan; the debt remains payable.
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The pledgor may withdraw before delivery
Kitab al-Rahn: Pledge Formation, Possession, Liability and Eligible Collateral
فالراهن بالخيار
Translation: The pledgor retains a choice before possession takes place.
The pledgor can deliver the property or retract the pledge before qualifying possession. At this stage delivery is not imposed as though all the consequences of a completed pledge had already arisen.
Example: Bakr promises to pledge his watch tomorrow but withdraws before delivery. That withdrawal must not be mistaken for cancellation of the loan; the debt remains payable.