English translation
2173. It was narrated from Ibn 'Umar that the Prophet ﷺ forbade the Najsh. (Sahih)
What Was Narrated Concerning The Prohibition Of Najsh[1]
Darussalam · Volume 3
12. The Chapters On Business TransactionsSunan Ibn Majah Darussalam English translation
الحديث: 2173 ¦ الجزء: 2 ¦ الصفحة: 734
Source no. 2173 · Volume 5 · Page 173
Sahih
صحيح، الإرواء (١٣١٨) ، أحاديث البيوع، غاية المرام (٣٣٥)
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2173. It was narrated from Ibn 'Umar that the Prophet ﷺ forbade the Najsh. (Sahih)
2173 - قَرَأْتُ عَلَى مُصْعَبِ بْنِ عَبْدِ اللَّهِ الزُّبَيْرِيِّ، عَنْ مَالِكٍ، ح وحَدَّثَنَا أَبُو حُذَافَةَ قَالَ: حَدَّثَنَا مَالِكُ بْنُ أَنَسٍ، عَنْ نَافِعٍ، عَنِ ابْنِ عُمَرَ، «أَنَّ النَّبِيَّ صَلَّى اللهُ عَلَيْهِ وَسَلَّمَ، نَهَى عَنِ النَّجْشِ»
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Najsh is that a person does not intend to buy the goods, but he offers a bid merely to incite another needy buyer into paying a higher price. It is forbidden because it is cheating and is a loss for the buyer. Selling goods through bidding and auction is lawful.