The Creed of Compassion-Islamic Teachings & Answering Doctrinal Misconceptions

Issue No.1965- The mortgage agreement can either be pronounced verbally, for example, if the debtor says, “I leave this property as mortgage with you against that debt” and the creditor also says, “I have accepted it”, or that the debtor gives his property to the creditor with the intention of providing security for the debt and the creditor takes it with the same intention, the mortgage is in order.