I promised to sell my property to a friend for 10 million Kwacha. Now I’ve been offered 15 million Kwacha, which is a significant increase. Is it possible for me to accept this current offer? There was no formal agreement, and the friend is not ready?
Question
In terms of Shariah, a verbal agreement is equally as legal as a written agreement. However, in the aforementioned instance, you may sell your property to the other individual for 15 million Kwacha. The promise to sell the property was part of the deal. It wasn’t a fully completed deal. You have the right to sell to the highest bidder now that you have received another offer.