Sale of Earnest Money, its Jurisprudential Adaptation, its Sharia Ruling, and Contemporary Ap-plications
DOI:
https://doi.org/10.54172/jwfzbt79Keywords:
Earnest money, Islamic jurisprudence, Sunnah, Contracting partiesAbstract
The earnest money is considered one of the ancient sales in Islamic jurisprudence, which has been the foundation of commercial transactions, especially in our present time. It is crucial to educate people about its rulings. Relying on some laws regarding returning double the earnest money if the breach is from the seller is not permissible due to the injustice involved. Instead, every Muslim should base their buying and selling and all transactions on the Sunnah, taking the clear lawful and avoiding the clear unlawful. As for what is doubtful, it should be avoided to protect one's religion and honor, and to prevent falling into the forbidden. The sale of earnest money remains a matter of disagreement until today.
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