the Prophet (ﷺ) forbade the deal involving earnest money .
Sunan Ibn Majah Book 12, Hadith 56
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"If two (separate) authorized persons make a sale (of the same thing), then the first transaction is the one that is valid. "
Sunan Ibn Majah Book 12, Hadith 55 Next Hadith → the Prophet (ﷺ) forbade the deal involving earnest money. (Hasan)Abu 'Abdullah said: Earnest money refers to when a man buys an animal for one hundred Dinar, then he gives the seller two Dinar in advance and says: "If I do not buy the animal, then the two Dinar are yours." And it was said that it refers, and Allah knows best, to when a man buys something, and gives the seller a Dirham or less or more, and says: "If I take it (all well and good), and if I do not, then the Dirham is yours."
Sunan Ibn Majah Book 12, Hadith 57
Sunan Ibn Majah Book 12, Hadith 55 Next Hadith → the Prophet (ﷺ) forbade the deal involving earnest money. (Hasan)Abu 'Abdullah said: Earnest money refers to when a man buys an animal for one hundred Dinar, then he gives the seller two Dinar in advance and says: "If I do not buy the animal, then the two Dinar are yours." And it was said that it refers, and Allah knows best, to when a man buys something, and gives the seller a Dirham or less or more, and says: "If I take it (all well and good), and if I do not, then the Dirham is yours."
Sunan Ibn Majah Book 12, Hadith 57