• Home
  • About
    • About Us
    • Testimonials
    • The Team
  • Q&A
    • Worship
      • Purification
      • Salah
      • Zakat
      • Fasting
      • Hajj
      • Qurbani/Udhiyyah
      • Death & Burial
    • Commerce, Finance & Investment
      • Trade & Business
      • Jobs & Services
      • Investments
      • Schemes & Products
      • Islamic Finance & Banking
    • Nikah & Divorce
      • Nikah
      • Divorce
    • Social Issues
    • Medical Issues
    • Wills & Inheritance
    • Advice
  • Research & Essays
  • Articles
  • Contact Us
  • Nisab
Darul Fiqh Darul Fiqh
Darul Fiqh Darul Fiqh
  • Home
  • About
    • About Us
    • Testimonials
    • The Team
  • Q&A
    • Worship
      • Purification
      • Salah
      • Zakat
      • Fasting
      • Hajj
      • Qurbani/Udhiyyah
      • Death & Burial
    • Commerce, Finance & Investment
      • Trade & Business
      • Jobs & Services
      • Investments
      • Schemes & Products
      • Islamic Finance & Banking
    • Nikah & Divorce
      • Nikah
      • Divorce
    • Social Issues
    • Medical Issues
    • Wills & Inheritance
    • Advice
  • Research & Essays
  • Articles
  • Contact Us
  • Nisab
  • Q&A

Can a retailer retain the deposit if the transaction is cancelled upon the request of the purchaser?

  • August 2, 2021

Question:
Can a retailer forfeit a deposit if the transaction is cancelled upon the request of the purchaser?
Answer:
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
In principle, a transaction cannot be unilaterally cancelled.  To rescind a purchase, both parties have to mutually agree to terminate the transaction.
Deposit is commonly referred to the amount forwarded in the beginning of a transaction to show one’s commitment to the transaction.
In terms of Sharī`ah, the above deposit is regarded as earnest money or a down payment and is a percentage of the total price.
In the event of a mutual rescindment of a transaction, the seller is obliged to return the deposit and cannot forfeit the right of the buyer.  The deposit funds will remain a trust in the possession of the seller and must be given to buyer.
And Allah Ta’ālā Knows Best
(Mufti) Faraz Adam al-Mahmudi,
www.darulfiqh.com

Total
0
Shares
Share 0
Tweet 0
Previous Article
  • Hajj
  • Q&A
  • Worship

What is the penalty for kissing one’s partner without passion in Ihram?

  • August 2, 2021
Read More
Next Article
  • Purification
  • Q&A

Are budgie droppings impure?

  • August 2, 2021
Read More
You May Also Find
Read More
  • Q&A

Is it permissible to skin an animal immediately after slaughtering?

Read More
  • Commerce, Finance & Investments
  • Q&A
  • Schemes & products

Is my Orange phone contract Shari’ah Compliant?

Read More
  • Q&A
  • Salah
  • Worship

Is it wajib to do Sajdah Tilawah when reading an English translation of the Qur’an?

Read More
  • Fasting
  • Q&A
  • Worship

Permissibility of eating in the masjid during I’tikaaf

Read More
  • Miscellaneous
  • Q&A

Is it permissible to purchase products originating from the dead sea?

Read More
  • Marriage and divorce
  • Nikah
  • Q&A

Is there any particular Islamic teachings for the first night of marriage?

Read More
  • Q&A
  • Salah
  • Worship

Performing Taraweeh at home individually

Read More
  • Advanced knowledge
  • Q&A

Where do the souls go after death?

Subscribe to our Newsletter
Recent Posts
  • Is it permissible to skin an animal immediately after slaughtering?
    • September 18, 2021
  • Is my Orange phone contract Shari’ah Compliant?
    • August 5, 2021
  • Is it wajib to do Sajdah Tilawah when reading an English translation of the Qur’an?
    • August 5, 2021
  • Permissibility of eating in the masjid during I’tikaaf
    • August 2, 2021
  • Performing Taraweeh at home individually
    • August 2, 2021

Darul Fiqh is a Fatwa website providing Islamic answers to everyday Fiqh issues and questions.

Powered by

Subscribe to Our Newsletter
Follow Us

Input your search keywords and press Enter.