Quduri also describes a substitute: the buyer provides other acceptable security equal in value to the specified pledge. The essential financial protection sought by the seller is then maintained.
Suppose the named item was worth 100,000. The buyer offers another identifiable, valid and deliverable item of equivalent security value. The rule concerns an effective replacement, not any arbitrarily labelled or valueless object.
Opening interactive controls...
Providing replacement collateral of equivalent value
Kitab al-Rahn: Two Pledgees, Conditional Security and Custody
Quduri also describes a substitute: the buyer provides other acceptable security equal in value to the specified pledge. The essential financial protection sought by the seller is then maintained.
Suppose the named item was worth 100,000. The buyer offers another identifiable, valid and deliverable item of equivalent security value. The rule concerns an effective replacement, not any arbitrarily labelled or valueless object.