Hazrat Ata says that we have always heard that the pawn and whatever was in it would be lost.

The pledged item from Hazrat Ata will become the property of that wealth for which it was pledged.

Hazrat Umar (may Allah be pleased with him) said: If the value of the mortgaged item is greater than the thing for which it was mortgaged, then the excess will be considered as mortgage with the person (with whom it is mortgaged). And if the value of the mortgaged item is less, then the mortgagor will pay the remaining amount to that person.

Hazrat Ibn Sirin says that the value of the pledged item will be reduced in proportion to the amount of the debt.

Hazrat Jaban says that I came to Hazrat Shurayh while disputing about a gold ring, so the mortgaged item will be in exchange for that thing for which it was kept as collateral.