AAOIFI Shariah Standards
’Arboun (Earnest Money): Appendix B - The Shariah Basis for the Standard
The basis for permissibility of ’Arboun (Earnest Money) is a narration that Nafi’ Ibn Abdul-Harith purchased a building in Mecca to be used as a prison from Safwan Ibn Umayyah, provided that if Umar (may Allah be pleased with him) approves the sale, then the sale is considered to be effected by him (Umar) and on his behalf (Umar’s), and if not, then Safwan shall be paid 400 dinars.
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