Once the pledgee receives property that is properly controlled, vacated and identified, the pledge is binding and a right of retention arises until the secured debt is paid.
Retention is not the same as ownership or an unrestricted right to use the asset. Possession secures a debt; it does not itself authorize treating the pledged asset as personal property. Later passages address use and disposal in detail.
Even when a debt becomes payable, the pledged asset does not automatically become the creditor's property.
The special pledge liability also follows valid delivery, not words alone; its relationship to debt on subsequent loss is explained in the numerical cases.
Opening interactive controls...
What changes after valid delivery
Kitab al-Rahn: Pledge Formation, Possession, Liability and Eligible Collateral
Once the pledgee receives property that is properly controlled, vacated and identified, the pledge is binding and a right of retention arises until the secured debt is paid.
Retention is not the same as ownership or an unrestricted right to use the asset. Possession secures a debt; it does not itself authorize treating the pledged asset as personal property. Later passages address use and disposal in detail.
Even when a debt becomes payable, the pledged asset does not automatically become the creditor's property.
The special pledge liability also follows valid delivery, not words alone; its relationship to debt on subsequent loss is explained in the numerical cases.