1447 year 15 жумадис сони | 2025 year 06 december, saturday
Regions:
ЎЗ UZ RU EN
Articles

The monopoly is haram

11:05 / 06.09.2019 2344 Reading mode + -

One of the things that are forbidden in trading is monopoly.

Ma'mar (رَضِيَ اللهُ عَنْهُ) narrated:

"The Prophet (ﷺ) said: " Whoever does monopoly he is inaccurate."

Muslim, Abu Dovud and Termizi.

"Ikhtikar" in the dictionary means "hold". In Sharia keeping the product intentionally from being sold to increase the price of what is been bough is called "Ikhtikar".

The monopolist will suffer greatly in this world and in the next world.

In short, a Muslim believer should not use the various frauds in order to gain wealth, and should not draw close to the artificial increase in the market price. This is haram and a grave sin. The market defines the price. People trade with their own free will.

Related articles
Medicine is divided into the medicine of the heart and the medicine of the body. This division is itself based upon the division of sickness. Sickness is of two types, that of the heart and that of the body.As for the foundations of the medicine of the body, they are threePreservationMaintaining more...

1027 11:22 / 01.11.2019
Increasing the amount of teachers one has is praiseworthy if the intention is correct. If it is done merely to boast, then it is haram impermissible

955 13:10 / 11.02.2020
A marketplace is generally defined by competition. That`s the domain of justice. As a businessman, one`s effort to attract buyers in a conscientious and ethical manner is a reflection of fairness. Now consider the story of a Muslim merchant. A customer saw that a seller has what he wants to buy and more...

1030 14:46 / 31.01.2020
What Are the Future ProspectsPredicting the future is a difficult task because we do not know how our planet will respond to a warming climate, and there are enough naysayers. However, there are some inescapable trends already taking place that cannot be ignored.The intergovernmental Panel on more...

1054 16:24 / 27.11.2019
Tazkiya
HADITH OF THE DAY
Anas ibn Malik radiallahu anhu reported Allahaposs Messenger peace be upon him having said on the day of Nahr SacrificeHe who slaughtered the animal as a sacrifice before the aposId prayer, should repeat it i. e. offer another animal. Thereupon a person stood up and said Messenger of Allah, that is more...