THE BOOK OF MORTGAGING IN PLACES OCCUPIED BY SETTLED POPULATION (TOWNS, CITIES ETC.)

CHAPTER 1. It is permissible to mortgage an animal used for riding or milking.

3:685 Narrated by Anas

No doubt, the Prophet mortgaged his armor for barley grams. Once I took barley bread with some dissolved fat on it to the Prophet and I heard him saying, “The household of Muhammad did not possess except a Sa (of food grain, barley, etc.) for both the morning and the evening meals although they were nine houses.”

3:686 Narrated by ‘Aisha

The Prophet bought some foodstuff on credit for a limited period and mortgaged his armor for it.

3:689 Narrated by Abu Huraira

Allah’s Apostle said, “The mortgaged animal can be used for riding as long as it is fed and the milk of the milch animal can be drunk according to what one spend on it. The one who rides the animal or drinks its milk should provide the expenditures.”

CHAPTER 2. If a dispute arises between the mortgagor and mortgagee.

3:691 Narrated by Ibn Abu Mulaika

I wrote a letter to Ibn ‘Abbas and he wrote to me that the Prophet had given the verdict that the defendant had to take an oath.