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﴿ فَاسْأَلُوا أَهْلَ الذِّكْرِ إِن كُنتُمْ لَا تَعْلَمُونَ ﴾

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The Ruling on Excessive Loss in Sales and the Sale of Locusts

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Question:
In this matter, I fear Allah. There are people in the auction who sell some items in a famous public auction. There are. There are people in the auction who sell some items in a famous public auction, and after a person bought them, he realized that their value is higher than their original value. What is the ruling in that?

Answer:
Apart from the question? It was found in the auction that some items are sold in a famous public auction, and after a person bought them, he realized that their value is higher than their original value. This is the issue of excessive loss (ghabn). This is the issue of excessive loss. If the loss is excessive, if the loss is excessive to the extent that it is not customary, then he has the option. But if the loss is of the kind that is customary, of the kind in which people engage in such transactions, then he has no option, and the sale is valid. Yes. The option is between confirming the sale or returning the item. He returns it and takes back the price, or he confirms it and endures the loss. It is up to his choice. He does not take the difference. He is given the choice between confirming and returning only, without taking the difference. Yes.
Source قناة «العلامة الدكتور صالح الفوزان»، 8 من 89|شرح العدة في شرح العمدة|البيوع|فصل في حكم بيع الملامسة والمنابذة|صالح الفوزان|الفقه — youtube.com (33:06)

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

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