Is it permissible to increase the pledge? For example, if someone borrows a sum of money and the creditor requests a pledge greater than the loan, what is the ruling in that case?
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The questioner : There is another paragraph. This questioner, O honorable Shaykh, asks: Is it permissible to increase the pledge? For example, if someone borrows a sum of money and the creditor requests a pledge greater than the loan, what is the ruling in that case?
The Shaykh : There is no harm in this; that is, there is no harm on the lender in requesting from the borrower a pledge greater than the loan. For example, if he lends him ten thousand and requests a pledge equal to twenty thousand or more, there is no harm. Likewise, there is no harm in requesting a pledge less than the debt, such as lending him ten thousand and requesting a pledge equal to five thousand. Yes.
The Shaykh : There is no harm in this; that is, there is no harm on the lender in requesting from the borrower a pledge greater than the loan. For example, if he lends him ten thousand and requests a pledge equal to twenty thousand or more, there is no harm. Likewise, there is no harm in requesting a pledge less than the debt, such as lending him ten thousand and requesting a pledge equal to five thousand. Yes.