The ruling on merchants colluding to raise prices at an auction
Machine translationRead the Arabic original
The questioner:
He says: Honorable Shaykh, may Allah grant you success, there is a group of merchants who participate in a public auction, and their number is twenty people, and none of them exceeds the others
The Shaykh:
group.
The questioner:
of merchants who participate in a public auction, and their number is twenty people, and none of them exceeds the others. So if a person comes wanting something from the goods, they raise the price, or one of them raises it, even if it exceeds the usual price. What is the guidance, may Allah preserve you?
The Shaykh:
This is forbidden. This is the impure thing. This is the impure thing. If they agree to harm the customer in order to win the item, if he is a seller, or if they agree to raise the price, and they are partners, in order to raise the price on the customer, then this is the impure thing. This is forbidden. And if it is established, they are to be punished, and the buyer has the option. Yes.
He says: Honorable Shaykh, may Allah grant you success, there is a group of merchants who participate in a public auction, and their number is twenty people, and none of them exceeds the others
The Shaykh:
group.
The questioner:
of merchants who participate in a public auction, and their number is twenty people, and none of them exceeds the others. So if a person comes wanting something from the goods, they raise the price, or one of them raises it, even if it exceeds the usual price. What is the guidance, may Allah preserve you?
The Shaykh:
This is forbidden. This is the impure thing. This is the impure thing. If they agree to harm the customer in order to win the item, if he is a seller, or if they agree to raise the price, and they are partners, in order to raise the price on the customer, then this is the impure thing. This is forbidden. And if it is established, they are to be punished, and the buyer has the option. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 141/73 شرح زاد المستقنع/ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.