What is the ruling on increasing the price of goods when they are no longer available from other merchants?
Machine translationRead the Arabic original
The questioner:
He says: I work in trade, buying and selling, and sometimes I have goods that disappear from the market. Is it permissible for me to increase their price? These goods are car spare parts.
The Shaykh:
Yes, that is the job.
The questioner:
He says: I work in trade, buying and selling car spare parts, and sometimes the goods disappear from the market. Is it permissible for me to increase the price of the goods that have disappeared?
The Shaykh:
Do not increase the price beyond what is in the market; sell as people sell, and do not exceed the market price. If the increase, as you mentioned, is due to the disappearance of the item from the market, and it is known that when an item becomes scarce its value rises, such that if you offered it in the market its value would increase, then there is no harm in the increase because it has a cause, which is scarcity. As for the fabricated increase that has no cause, this is not permissible.
He says: I work in trade, buying and selling, and sometimes I have goods that disappear from the market. Is it permissible for me to increase their price? These goods are car spare parts.
The Shaykh:
Yes, that is the job.
The questioner:
He says: I work in trade, buying and selling car spare parts, and sometimes the goods disappear from the market. Is it permissible for me to increase the price of the goods that have disappeared?
The Shaykh:
Do not increase the price beyond what is in the market; sell as people sell, and do not exceed the market price. If the increase, as you mentioned, is due to the disappearance of the item from the market, and it is known that when an item becomes scarce its value rises, such that if you offered it in the market its value would increase, then there is no harm in the increase because it has a cause, which is scarcity. As for the fabricated increase that has no cause, this is not permissible.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم زيادة سعر بضاعة إذا نفدت من عند غيره من التجار؟ للشيخ الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.