Can the lender demand the immediate redemption of the collateral?

General Chapter

Al-Mughni

Book of Loan for Use

Book 21 · Issue 4 · Bab 1

Open in Qurani

Primary text

The lender has the right to demand that the debtor redeem the collateral immediately, irrespective of whether the debt is due immediately or deferred. This is permissible because the lender retains the right to revoke the loan (A'ariyah) at any time.