Hazrat Faz’a narrates that I asked Hazrat Ibn Umar (may Allah be pleased with them both),“What do you say about al-saraq?”He asked,“What is al-saraq?”I replied,“Silk or pieces of silk.”He said,“O people of Iraq! You give bad names. Have you not called it Shaqq al-Hareer?”I said,“It fetches a good price in the market. We buy it at that price and then sell it to the cloth merchants at a higher price.”He said,“When you buy it and take possession of it, then sell it however you wish.”

Hazrat Ibn Ma'qil disliked the forward sale (salam) of silk.

It is narrated from Hazrat Mu'tamir that Hazrat Tawus was asked about the sale of goods by Salam, so he said: There is no harm. And when he was asked about the sale of silk by Salam, he said: I do not know what silk is (what its ruling is, what its status is).

Hazrat Masruq dislikes the forward sale (bai' salam) of silk.

The same is narrated from Hazrat Aamir.

Hazrat Mughira and Ibrahim (may Allah have mercy on them) say that the amount of the loan will be reduced in proportion to the part of the pledged property that is lost.

24422 - From Mughira, from Ibrahim (they said): Whatever is lost from the collateral, then it is according to its value.

Hasan was asked about a person who had kept something as collateral in the house, and it was destroyed by fire? He replied: The part that was destroyed, the mortgagee has the right to it, and the part that remains, the pledger has the right to it.

Hazrat Qatadah says regarding the person who had mortgaged a house and it was destroyed by fire: He said, his right is in the vacant space among the houses.

Ibrahim (may Allah have mercy on him) said regarding the person who pawned a garment and it got torn: He said, the amount by which the value of the garment has decreased, the loan should be repaid less by that amount.