Is the earnest money for the seller or the buyer?
Machine translationRead the Arabic original
Regarding the earnest money: does it belong to the seller if there was no condition agreed upon between the seller and the buyer?
No, it depends on the conditions. Muslims are bound by their conditions. Sometimes the earnest money is stipulated to belong to him, and sometimes it is a trust, not belonging to him. If it is a trust, it remains a trust; if the sale is completed, he keeps it, otherwise he returns it to him. If it is a trust, it is a trust, and if it is not, he says: I do not permit it, and...
Q: If the earnest money takes half the value?
A: What they agreed upon. Muslims are bound by their conditions.
Q: He takes it without compensation?
A: The compensation is the loss of the opportunity, and they parted ways. People might have looked for a buyer, but no one was found, so they separated.
No, it depends on the conditions. Muslims are bound by their conditions. Sometimes the earnest money is stipulated to belong to him, and sometimes it is a trust, not belonging to him. If it is a trust, it remains a trust; if the sale is completed, he keeps it, otherwise he returns it to him. If it is a trust, it is a trust, and if it is not, he says: I do not permit it, and...
Q: If the earnest money takes half the value?
A: What they agreed upon. Muslims are bound by their conditions.
Q: He takes it without compensation?
A: The compensation is the loss of the opportunity, and they parted ways. People might have looked for a buyer, but no one was found, so they separated.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.