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﴿ فَاسْأَلُوا أَهْلَ الذِّكْرِ إِن كُنتُمْ لَا تَعْلَمُونَ ﴾

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The seller saying to the buyer: “I will bear the loss if I lose.” Is this contract and this condition valid?

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Question:
He says: Honorable Shaykh, may Allah grant you success. If the seller says, “If I lose, O buyer, then I will bear the loss,” and it is the seller who set the condition, not the buyer, is this contract and this condition valid?

Answer:
No, this is not valid. It is a case of gharar (excessive uncertainty in a contract) and ignorance. “If I lose, I will bear it” means he guarantees me the profit. Who knows the profit? This is an invalid condition. And they intend by this to promote the goods. Yes.
Source قناة «العلامة الدكتور صالح الفوزان»، [1176 -2802] قول البائع للمشتري: (أتحمل الخسارة إذا خسرت) هل يصح هذا العقد وهذا الشرط؟ — youtube.com

The Arabic text is a machine transcription of the audio recording.

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