What is the ruling on a sale contract based on a binding promise to purchase?
Machine translationRead the Arabic original
The questioner : What is the ruling on a sale contract based on a binding promise to purchase?
The Shaykh : A sale contract?
The questioner : Based on a binding promise to purchase.
The Shaykh : Meaning, no sale took place? Just a promise.
The questioner : He buys it in order to sell it.
The Shaykh : A promise.
The questioner : Yes, a promise that he will buy it, so he is buying it for him.
The Shaykh : As long as the sale has not taken place, my brother, this promise does not obligate the two parties to the sale. However, keeping the promise is obligatory in terms of moral conduct. But in terms of the court and the legal ruling, it is not binding. Is the answer clear? That is the end of the question, if Allah wills.
The Shaykh : A sale contract?
The questioner : Based on a binding promise to purchase.
The Shaykh : Meaning, no sale took place? Just a promise.
The questioner : He buys it in order to sell it.
The Shaykh : A promise.
The questioner : Yes, a promise that he will buy it, so he is buying it for him.
The Shaykh : As long as the sale has not taken place, my brother, this promise does not obligate the two parties to the sale. However, keeping the promise is obligatory in terms of moral conduct. But in terms of the court and the legal ruling, it is not binding. Is the answer clear? That is the end of the question, if Allah wills.
Source
www.al-albany.com
The Arabic text is copied verbatim from the original source, without any edits.