Rahn concerns security of a claim, whereas salam and sarf also impose a validity requirement tied to time. Merely changing an unpaid exchange into a secured debt cannot waive the contract’s condition.
Two questions must be asked separately:
1. Was the pledged asset validly delivered?
2. Was the required salam price or sarf countervalue received in the session?
An affirmative answer to the first does not guarantee the second.
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Why the session requirement survives
Kitab al-Rahn: Salam, Sarf, Third-party Custody and Fungible Collateral
Rahn concerns security of a claim, whereas salam and sarf also impose a validity requirement tied to time. Merely changing an unpaid exchange into a secured debt cannot waive the contract’s condition.
Two questions must be asked separately:
1. Was the pledged asset validly delivered?
2. Was the required salam price or sarf countervalue received in the session?
An affirmative answer to the first does not guarantee the second.