The ruling on the earnest money if the sale is not completed
Machine translationRead the Arabic original
The questioner:
The second question. The second question, Shaykh. I sold a residential house and we took an earnest money of ten thousand riyals. We gave the buyer a deadline once, twice, and three times, and after that the buyer did not purchase it. So, who does this earnest money go to?
The Shaykh:
You bought a house.
The questioner:
No, I am the agent for a house I am selling, and its commission is for me. I sold the house to a man, and this man who bought the house was unable to complete the amount and buy the house. We gave him a deadline several times, but he was unable to do so. The sale became invalid, and I took the earnest money.
The Shaykh:
Yes, the earnest money belongs to the owners of the house. The earnest money belongs to the owners of the house. You are entitled to the known effort, and the earnest money belongs to the owners of the house. Yes.
The second question. The second question, Shaykh. I sold a residential house and we took an earnest money of ten thousand riyals. We gave the buyer a deadline once, twice, and three times, and after that the buyer did not purchase it. So, who does this earnest money go to?
The Shaykh:
You bought a house.
The questioner:
No, I am the agent for a house I am selling, and its commission is for me. I sold the house to a man, and this man who bought the house was unable to complete the amount and buy the house. We gave him a deadline several times, but he was unable to do so. The sale became invalid, and I took the earnest money.
The Shaykh:
Yes, the earnest money belongs to the owners of the house. The earnest money belongs to the owners of the house. You are entitled to the known effort, and the earnest money belongs to the owners of the house. Yes.
Source
قناة «مكة و المدينة»، 02 فتاوى على الهواء - 19 01 1433هـ _ الشيخ صالح الفوزان — youtube.com (24:53)
The Arabic text is a machine transcription of the audio recording.