Total debt is 100,000; the pledged ornament’s relevant value is 90,000. Bakr holds 40% of the debt and Khalid 60%.
On a loss governed by ordinary pledge liability, the value is allocated as 36,000 against Bakr’s debt and 54,000 against Khalid’s, leaving 4,000 and 6,000 unpaid respectively.
This demonstrates the general pledge-loss calculation; wrongful custody or misuse is governed by other rules.
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Worked example of proportional pledge liability
Kitab al-Rahn: Two Pledgees, Conditional Security and Custody
Total debt is 100,000; the pledged ornament’s relevant value is 90,000. Bakr holds 40% of the debt and Khalid 60%.
On a loss governed by ordinary pledge liability, the value is allocated as 36,000 against Bakr’s debt and 54,000 against Khalid’s, leaving 4,000 and 6,000 unpaid respectively.
This demonstrates the general pledge-loss calculation; wrongful custody or misuse is governed by other rules.