Interjection from "Abu Malik" regarding the issue of price-setting in the markets.
Machine translationRead the Arabic original
Abu Malik: All right, our Shaykh, here is also a comment on this issue; and that is: Do you think this seller, and I think if you are a merchant, right? Do you engage in trade?
Another questioner : ... .
Abu Malik: Ah, I think that some goods may have a high profit margin!
Another questioner: Yes.
Abu Malik: Is that not so? All right, did this merchant or these merchants think about lowering the price from what it is? Ah? Did they think about it? All right, if, I am asking you now, if the state came, for example, at what price do you sell this item? It is priced at one dinar, and you tell them: I sell it for ninety, would the state accept this from you? Would it accept it? Ah? Why would the state accept it? Ah? Because it is in the interest of the nation and the interest of the people, ah? And therefore it did not punish you; perhaps it thanked you for this action; therefore I say that high profit covers low profit, indeed high profit covers loss in some of the goods sold.
If a man wants, ah.
Another questioner : ... .
Abu Malik: Ah, I think that some goods may have a high profit margin!
Another questioner: Yes.
Abu Malik: Is that not so? All right, did this merchant or these merchants think about lowering the price from what it is? Ah? Did they think about it? All right, if, I am asking you now, if the state came, for example, at what price do you sell this item? It is priced at one dinar, and you tell them: I sell it for ninety, would the state accept this from you? Would it accept it? Ah? Why would the state accept it? Ah? Because it is in the interest of the nation and the interest of the people, ah? And therefore it did not punish you; perhaps it thanked you for this action; therefore I say that high profit covers low profit, indeed high profit covers loss in some of the goods sold.
If a man wants, ah.
Source
www.al-albany.com
The Arabic text is copied verbatim from the original source, without any edits.
