The ruling on storing goods to sell them at a high price (hoarding)
Machine translationRead the Arabic original
Question:
May Allah reward you. Abu Mu'adh from Riyadh says: There are some merchants who buy certain goods and store them in their warehouses until their price rises, and then they sell them at a price higher than the current price. Is this considered hoarding?
Answer:
If people are in need of these goods, it is not permissible to buy them and store them. However, if the item is readily available and things are present and accessible, there is nothing wrong with storing what he will benefit from in the future, provided he does not make things difficult for people. Yes.
May Allah reward you. Abu Mu'adh from Riyadh says: There are some merchants who buy certain goods and store them in their warehouses until their price rises, and then they sell them at a price higher than the current price. Is this considered hoarding?
Answer:
If people are in need of these goods, it is not permissible to buy them and store them. However, if the item is readily available and things are present and accessible, there is nothing wrong with storing what he will benefit from in the future, provided he does not make things difficult for people. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [5206] حكم تخزين البضائع لبيعها بسعر مرتفع (الاحتكار) - صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.