Is it permissible to increase the price of gold for a customer who reserved an item by paying a deposit and was two months late for the agreed-upon collection date, especially since the price of gold has risen significantly during this period?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
Earnest money (بيع العربون) according to Imam Ahmad is when a portion of the price is paid in advance. If the sale is concluded, it is counted as part of the price; otherwise, the seller takes it. This is not permissible in purchasing gold with any currency due to the delay in possession. A was issued by the Permanent Committee for Islamic Research and Issuing Fatwas prohibiting it due to the absence of immediate possession.
Summarized from the full answer at Ftawy · imported
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- Original fatwa ID
- 39522
- Imported
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