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﴿ فَاسْأَلُوا أَهْلَ الذِّكْرِ إِن كُنتُمْ لَا تَعْلَمُونَ ﴾

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The seller's notification of the bid on the item

Machine translationRead the Arabic original
Question:
If a buyer bids on an item for less than the expected price, especially in the market, is the seller required to inform him of that bid if he is asked about it?

Answer:
Yes, he informs him of the asking price and says, "I want such and such for it, and it is priced at such and such." Yes.
Source قناة «العلامة الدكتور صالح الفوزان»، برنامج (فتاوى) (097) لمعالي الشيخ صالح الفوزان بتاريخ [1436-07-24] - كبار العلماء — youtube.com (44:29)

The Arabic text is a machine transcription of the audio recording.

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