1. CONDITIONS
1.1. sighah
1.1.1. should not be suspended by a condition
1.2. contracting parties
1.2.1. both parties must have legal qualification
1.2.2. incompetent person is valid by approval of their wali
1.3. pawned object
1.3.1. a valued property, a permissible item, exist in time of contract and able to deliver
1.3.2. precisely determined with regards to its essence, quantity and value and a non-tangible property
1.3.3. sufficient value to cover the debt amount
1.3.4. pawned together if the object is naturally connected
1.4. debt/liability
1.4.1. must be established, binding and enforceable one
1.5. receipt of pawned object
1.5.1. permission of debtor
1.5.2. eligibility of the contracting parties
1.5.3. permanency of possession
2. APPLICATIONS
2.1. property documents, vehicle papers, shared, ornaments, jewelries, etc.
3. DEFINITION
3.1. Define as pawning, mortgage, collateral, charge, lien, pledge
4. PILLARS
4.1. 1. Rahin(pledger) - a person who gives rahn/debtor
4.2. 2. Murtahin(pledgee) - a person who takes rahn/the creditor
4.3. 3. Marhun(pledget asset) - a property to be pledged
4.4. 4. Marhun Bih - The liability of rahn/debt
4.5. 5. Sighah - Ijab(offer) & Qabul(acceptance)
5. BENEFITS
5.1. creditor
5.1.1. a right for claiming back his money from the debtor
5.1.2. retrieve back money by selling off the pledge property with the consent from court or the debtor
5.1.3. assured that the debtor will not forget or take for granted
5.2. debtor
5.2.1. get some fast cash by temporarily pledging his valuable items to the creditor
5.2.2. convince the creditor to lend the money since there is something to offer in return