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The question

Does obligating the buyer in a Murabaha contract affect the validity of the contract, keeping in mind that canceling the purchase after requesting specifications might not be acceptable?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

The agreement before the sale between the ordering party and the bank is a promise, not a sale. It is permissible to make it a binding promise, not a binding sale. If the client breaks his promise, the bank can claim from him the actual damages incurred. This obligation does not affect the validity of the Murabaha sale. The criterion for a binding promise in Murabaha is that there should be an option for both parties or one of them; otherwise, it would resemble the sale itself, and in that case, it is a condition that the seller owns the item being sold. To ensure the client's seriousness, banks take an advance payment called a "seriousness margin," which is permissible.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
121878
Added here
. This is when the answer was added to El Fatwa, not the fatwa's date.
Text
Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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Read the full answer on Ftawy