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Earnest Money Paid By Client To Owner Of Goods
Is it permissible to enter into a Murabaha transaction with a client who has paid earnest money to the original owner of the goods?
It is impermissible to contract a Murabaha transaction with a client who has paid earnest money to the owner of the goods. It is necessary that all previous contractual relations of the client with the owner of the goods be extinguished before entering into a Murabaha transaction. The bank must demand proof of cancellation of the contract, which amounts to a letter of termination and return of earnest money.

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