What Has Been Related About Price Fixing[1]
Darussalam · Volume 3
12. The Chapters On Business From The Messenger of Allāh ﷺJami at-Tirmidhi Darussalam English translation
الجزء: 2 ¦ الصفحة: 582
Source no. 1314 · Volume 3 · Page 314
Sahih
صحيح، ابن ماجة (٢٢٠٠)
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1314. Anas narrated: "Prices became excessive during the time of the Messenger of Allāh ﷺ, so they said: 'O Messenger of Allāh! Set prices for us!' So he said: 'Indeed Allāh is Al-Musa'ir,[2] Al-Qābid, Al-Bāsit,[3] Ar-Razzāq. And I am hopeful that I meet my Lord and none of you are seeking (recompense from) me for an injustice involving blood or wealth.'" (Sahih) [Abū 'Eisā said:] This Hadīth is Hasan Sahih.
١٣١٤ - حَدَّثَنَا مُحَمَّدُ بْنُ بَشَّارٍ، قَالَ: حَدَّثَنَا الْحَجَّاجُ بْنُ مِنْهَالٍ، قَالَ: حَدَّثَنَا حَمَّادُ بْنُ سَلَمَةَ، عَنْ قَتَادَةَ وَثَابِتٍ وَحُمَيْدٍ ، عَنْ أَنَسٍ ، قَالَ: «غَلَا السِّعْرُ عَلَى عَهْدِ رَسُولِ اللهِ صَلَّى اللهُ عَلَيْهِ وَسَلَّمَ، فَقَالُوا: يَا رَسُولَ اللهِ، سَعِّرْ لَنَا! فَقَالَ: إِنَّ اللهَ هُوَ الْمُسَعِّرُ» الْقَابِضُ الْبَاسِطُ الرَّزَّاقُ، وَإِنِّي لَأَرْجُو أَنْ أَلْقَى رَبِّي وَلَيْسَ أَحَدٌ مِنْكُمْ يَطْلُبُنِي بِمَظْلِمَةٍ فِي دَمٍ وَلَا مَالٍ. هَذَا حَدِيثٌ حَسَنٌ صَحِيحٌ.
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Rates of the market depend on demand and supply. If the required commodity is in surplus and freely available in the market the rate will drop. It is the duty of the buyer to be careful and observant and he should not buy more than his need, and it is better if the purchase of the item at the period of scarcity is avoided. This kind of behaviour of the customers can keep the price at a reasonable level. Deciding and fixing the rates of the commodities by the government is not the solution of the issue of high rates. Most of the scholars, in the light of various Sahih narrations, disapproved the fixing of rates. (Tuhfat Al-Ahwadhi. v. 2. p272.)