A company displays goods without setting prices, and whoever pays more takes the goods; is this permissible?
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The questioner : Some organizations and companies sell some of their items but do not set prices for them. They announce the sale and set a specific period of three or four days. Whoever wants to buy determines the price he finds suitable, and then they sell at the price they want. Is this sale valid?
The Shaykh : How? For example, they announce that within three days, whoever wants to buy an item from us can set its price at whatever amount he wishes?
The questioner : Any trader sets his price, then they collect the papers, and after that they look at the price that suits them and sell at that price. That is, any trader sets a selling price for this car.
The Shaykh : Is this a company?
The questioner : It is a company.
The Shaykh : A company.
The questioner : A company that sells used cars.
The Shaykh : Yes.
The questioner : They announce that they have cars for sale.
The Shaykh : Yes.
The questioner : But any person who wants to buy one sets a price for it, and comes with a price paper at a specific time. They tell him the period ends after three or four days.
The Shaykh : Okay, the cars are different, how can you say the price is the same!
The questioner : He brings this paper for the car and writes his number and the price he wants on it.
The Shaykh : That is, this customer comes to this specific car and says, "I will buy it for ten thousand."
The questioner : Yes, and another comes and says, "For this amount." Then they collect the offers in an office belonging to them. Each buyer writes the price and address on a paper, and after that they decide whom they will sell to.
The Shaykh : Does the buyer mention the car he wants?
The questioner : Yes, he mentions it.
The Shaykh : That is, he mentions it: "I want such-and-such car, number such-and-such."
The questioner : Yes.
The Shaykh : And everything else?
The questioner : And everything else, yes.
The Shaykh : And for ten thousand.
The questioner : Yes.
The Shaykh : If another person comes and his eye falls on it?
The questioner : He also gives his price.
The Shaykh : And he says, "I will give you ten thousand."
The questioner : They do not speak with them.
The Shaykh : Wait, do they accept this, or is it the first one!
The questioner : They choose the highest price.
The Shaykh : Okay, there is nothing wrong with this, because the item is known and the price is known to both the seller and the buyer, so there is no excessive uncertainty in it. When the period ends according to the estimate, they come to the place and sort the papers.
The Shaykh : How? For example, they announce that within three days, whoever wants to buy an item from us can set its price at whatever amount he wishes?
The questioner : Any trader sets his price, then they collect the papers, and after that they look at the price that suits them and sell at that price. That is, any trader sets a selling price for this car.
The Shaykh : Is this a company?
The questioner : It is a company.
The Shaykh : A company.
The questioner : A company that sells used cars.
The Shaykh : Yes.
The questioner : They announce that they have cars for sale.
The Shaykh : Yes.
The questioner : But any person who wants to buy one sets a price for it, and comes with a price paper at a specific time. They tell him the period ends after three or four days.
The Shaykh : Okay, the cars are different, how can you say the price is the same!
The questioner : He brings this paper for the car and writes his number and the price he wants on it.
The Shaykh : That is, this customer comes to this specific car and says, "I will buy it for ten thousand."
The questioner : Yes, and another comes and says, "For this amount." Then they collect the offers in an office belonging to them. Each buyer writes the price and address on a paper, and after that they decide whom they will sell to.
The Shaykh : Does the buyer mention the car he wants?
The questioner : Yes, he mentions it.
The Shaykh : That is, he mentions it: "I want such-and-such car, number such-and-such."
The questioner : Yes.
The Shaykh : And everything else?
The questioner : And everything else, yes.
The Shaykh : And for ten thousand.
The questioner : Yes.
The Shaykh : If another person comes and his eye falls on it?
The questioner : He also gives his price.
The Shaykh : And he says, "I will give you ten thousand."
The questioner : They do not speak with them.
The Shaykh : Wait, do they accept this, or is it the first one!
The questioner : They choose the highest price.
The Shaykh : Okay, there is nothing wrong with this, because the item is known and the price is known to both the seller and the buyer, so there is no excessive uncertainty in it. When the period ends according to the estimate, they come to the place and sort the papers.