If the prices of goods are known in the country and people are interested in them, and an importer comes to the market and sells them for half the price, is he prevented from doing so? That is, the opposite of hoarding.
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The questioner : May Allah reward you with good, O Shaykh. For example, the merchants of the town agree.
The Shaykh : What?
The questioner : The merchants of the town agree on a specific price for the commodity, and the people are satisfied with it, but sometimes some of the truck drivers sell in the market at a cheap price. Is it permissible for us to prevent this same man? He might be one of the ignorant ones who sells cheaply.
The Shaykh : What do you say about this? He says: If the prices of goods are known in the country, prevailing among the people and they are satisfied with them, and an importer comes to the market and sells for half the price, is he prevented? That is, this is the opposite of hoarding. Yes, this requires detailed explanation:
If the values of the goods are as the people of the town say, and the people do not profit except at this value, then he may prevent him. Some of the Rightly Guided Caliphs did this, because it ruins the people's markets.
As for if they are hoarding and the people do not know that there is a lower price, and they bought at that price, then he is not prevented. Rather, he may grant him permission to sell cheaply.
The Shaykh : What?
The questioner : The merchants of the town agree on a specific price for the commodity, and the people are satisfied with it, but sometimes some of the truck drivers sell in the market at a cheap price. Is it permissible for us to prevent this same man? He might be one of the ignorant ones who sells cheaply.
The Shaykh : What do you say about this? He says: If the prices of goods are known in the country, prevailing among the people and they are satisfied with them, and an importer comes to the market and sells for half the price, is he prevented? That is, this is the opposite of hoarding. Yes, this requires detailed explanation:
If the values of the goods are as the people of the town say, and the people do not profit except at this value, then he may prevent him. Some of the Rightly Guided Caliphs did this, because it ruins the people's markets.
As for if they are hoarding and the people do not know that there is a lower price, and they bought at that price, then he is not prevented. Rather, he may grant him permission to sell cheaply.