فإن قضى أحدهما دينه كانت كلها رهنا في يد الآخر حتى يستوفي دينه
Translation: If one creditor is repaid, the whole asset remains pledged in the other creditor’s hand until that creditor receives the debt.
This is the crucial consequence of joint security. Repaying one lender extinguishes that lender’s debt, but does not terminate the surviving lender’s established right to retain the entire item. Partial physical release does not automatically follow.
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What changes after one creditor is paid?
Kitab al-Rahn: Two Pledgees, Conditional Security and Custody
فإن قضى أحدهما دينه كانت كلها رهنا في يد الآخر حتى يستوفي دينه
Translation: If one creditor is repaid, the whole asset remains pledged in the other creditor’s hand until that creditor receives the debt.
This is the crucial consequence of joint security. Repaying one lender extinguishes that lender’s debt, but does not terminate the surviving lender’s established right to retain the entire item. Partial physical release does not automatically follow.