English translation
4613. It was narrated that 'Aishah said: "The Messenger of Allâh ﷺ bought some food from a Jew with payment to be made later, and he put his shield in pledge for that." (Šaĥīh)
Darussalam · Volume 5
44. The Book Of Financial TransactionsSunan an-Nasai Darussalam English translation
الحديث: 4609 ¦ الجزء: 7 ¦ الصفحة: 288
Source no. 4609 · Volume 10 · Page 181
Sahih
صحيح، ابن ماجة (٢٤٣٦)
Source no. 4295 · Volume 3 · Page 954
Sahih
(صحيح) - ابن ماجه ٢٤٣٦: ق.
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4613. It was narrated that 'Aishah said: "The Messenger of Allâh ﷺ bought some food from a Jew with payment to be made later, and he put his shield in pledge for that." (Šaĥīh)
4609 - أَخْبَرَنِي مُحَمَّدُ بْنُ آدَمَ، عَنْ حَفْصِ بْنِ غِيَاثٍ، عَنْ الْأَعْمَشِ، عَنْ إِبْرَاهِيمَ، عَنْ الْأَسْوَدِ، عَنْ عَائِشَةَ قَالَتْ: فَاشْتَرَى رَسُولُ اللَّهِ صَلَّى اللهُ عَلَيْهِ وَسَلَّمَ مِنْ يَهُودِيٍّ طَعَامًا إِلَى أَجَلٍ وَرَهَنَهُ دِرْعَهُ "
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Collateral is a piece of saleable property put up as security for a financial obligation to cover the amount. The collateral is returned to the buyer as soon as he meets his financial obligation. This is called collateral in the terminology of the Divine law. Since there is no ignominy in it, it is permissible according to the canonical law of Islam, whether at residence or on a journey. The restriction of one's being on a journey stipulated by the Glorious Qur'an is incidental. It is, however, not allowed to gain an advantage from collateral. It would otherwise become interest or usurious gain, except for the expenses incurred for maintaining the article put up as collateral. One may gain an advantage after making such expenditure (such as fodder for livestock or wages of a person watering trees, etc.)