What is Abu Yusuf’s position on increasing the debt secured by an existing pledge?
Kitab al-Rahn: Storage Costs, Growth and Additional Collateral
- He invalidates additions both to collateral and to the secured debt
- He permits its attachment to the original pledge
- He permits extra collateral but not attaching new debt to the same pledged asset
- He secures new debt only against natural increase, without new collateral