Permanant Link
From: Sunan Ibn Majah
Chapter No. 14, The Chapters on Business Transactions
Hadith No: 2193
Narrated/Authority of Amr bin Shuaib
Chapter No. 14, The Chapters on Business Transactions
Hadith No: 2193
Narrated/Authority of Amr bin Shuaib
from his father, from his grandfather that : the Prophet (saw) forbade the deal involving earnest money. (Hasan) Abu Abdullah said: Earnest money refers to when a man buys an animal for one hundred Dinar, then he gives the seller two Dinar in advance and says: "If I do not buy the animal, then the two Dinar are yours." And it was said that it refers, and Allah knows best, to when a man buys something, and gives the seller a Dirham or less or more, and says: "If I take it (all well and good), and if I do not, then the Dirham is yours."
View all from The Chapters on Business Transactions
Get Daily Hadith in your Inbox
Join thousands of subscribers who already receive daily emails from our hadith mailing list.