Is the earnest money permissible in a sale?
Machine translationRead the Arabic original
The questioner : The second question: Is it permissible for the seller to ask the buyer for a sum of money as an earnest money to guarantee the sale?
The Shaykh : Regarding the earnest money, if the buyer backs out of the sale, the seller has the choice between compelling the buyer to remain bound by the contract and pay the price, or releasing him from it, and that is better for him, based on his saying (peace and blessings be upon him): Yes.
The Shaykh : Regarding the earnest money, if the buyer backs out of the sale, the seller has the choice between compelling the buyer to remain bound by the contract and pay the price, or releasing him from it, and that is better for him, based on his saying (peace and blessings be upon him):
Whoever forgives a Muslim his mistake, Allah will forgive his mistake on the Day of Resurrection
من أقال مسلما عثرته أقال الله عثرته يوم القيامة
Source
www.al-albany.com
The Arabic text is copied verbatim from the original source, without any edits.