12/22. Chapter:
Sunan Ibn Majah 2193 — The Chapters on Business Transactions
Prohibition On Earnest Money
Sunan Ibn Majah : 2193
Sunan Ibn MajahHadith Number 2193
حَدَّثَنَا الْفَضْلُ بْنُ يَعْقُوبَ الرُّخَامِيُّ، حَدَّثَنَا حَبِيبُ بْنُ أَبِي حَبِيبٍ أَبُو مُحَمَّدٍ، كَاتِبُ مَالِكِ بْنِ أَنَسٍ حَدَّثَنَا عَبْدُ اللَّهِ بْنُ عَامِرٍ الأَسْلَمِيُّ، عَنْ عَمْرِو بْنِ شُعَيْبٍ، عَنْ أَبِيهِ، عَنْ جَدِّهِ، أَنَّ النَّبِيَّ ـ صلى الله عليه وسلم ـ نَهَى عَنْ بَيْعِ الْعُرْبَانِ . قَالَ أَبُو عَبْدِ اللَّهِ الْعُرْبَانُ أَنْ يَشْتَرِيَ الرَّجُلُ دَابَّةً بِمِائَةِ دِينَارٍ فَيُعْطِيَهُ دِينَارَيْنِ أَرْبُونًا فَيَقُولَ إِنْ لَمْ أَشْتَرِ الدَّابَّةَ فَالدِّينَارَانِ لَكَ .
'Amr bin Shu'aib Narrated from:
The Prophet (ﷺ) 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."
[1] Earnest money: A kind of down payment which is counted towards the cost of the goods if the transaction is completed, and which is kept by the seller if the transaction is cancelled. This is commonly referred to as a non-refundable 'deposit' or 'down payment'.Reference : Sunan Ibn Majah 2193In-book reference : Book 12, Hadith 57English translation : Vol. 3, Book 12, Hadith 2193
