وَيَجُوزُ رَهْنُ الدَّرَاهِمِ وَالدَّنَانِيرِ
Translation: Dirhams and dinars may also be pledged.
Al-Quduri permits collateral consisting of dirhams, dinars, goods measured by volume and goods measured by weight. A pledged asset need not be unique property valued only by market price; fungibles with replaceable equivalents can also secure a claim.
Examples:
Silver dirhams for a silver-dirham debt.
A specified quantity of wheat for a wheat debt.
A weighed metal securing the same kind of metal.
In each case valid delivery and a valid underlying obligation are still required.
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Pledging coins and fungible goods
Kitab al-Rahn: Salam, Sarf, Third-party Custody and Fungible Collateral
وَيَجُوزُ رَهْنُ الدَّرَاهِمِ وَالدَّنَانِيرِ
Translation: Dirhams and dinars may also be pledged.
Al-Quduri permits collateral consisting of dirhams, dinars, goods measured by volume and goods measured by weight. A pledged asset need not be unique property valued only by market price; fungibles with replaceable equivalents can also secure a claim.
Examples:
Silver dirhams for a silver-dirham debt.
A specified quantity of wheat for a wheat debt.
A weighed metal securing the same kind of metal.
In each case valid delivery and a valid underlying obligation are still required.