´It was narrated from Abu Hurairah that the Messenger of Allah (ﷺ) said:` “Do not forfeit items held in pledge.”
Explanation & Benefits
Maulana Ataullah Sajid
Benefits and Issues:
In the era of ignorance (Jahiliyyah), it was customary that if the debtor did not repay the loan at the appointed time, the pledged item (rahn) would become the property of the creditor, and even if the loan was later repaid, the debtor could not reclaim that item. However, there is no justification for not returning the pledged item even after the loan has been repaid after the appointed time.
Source: Commentary on Sunan Ibn Mājah by Mawlānā ‘Atā’ullāh Sājid, Page: 2441