Buying and Selling: Ruling on Claiming Refund When Purchased Goods Lose Their Value Before Delivery

Practical Laws of Islam as per the teachings of Imam Khamenei

Buying and Selling: Ruling on Claiming Refund When Purchased Goods Lose Their Value Before Delivery

English:

Question #1587:

A person bought goods from another, on the understanding that the buyer takes delivery of them after a while. On the due date, the goods are of no monetary value. Has the buyer the right to acquire the very goods or he can claim back the money he paid?

Answer #1587:

If the deal was concluded in a proper and lawful manner, the buyer is entitled to take delivery of the very goods, that is, unless its depreciation is deemed, in the common view, as dissipation. Should this be the case, the sale is deemed revoked and the vendor has to return the money to the buyer.

-Imam Khamenei, Practical Laws of Islam, Importance and Conditions of Buying and Selling