The Majlis Archive

Finance - Banking - Business The Majlis Vol 24 No 08, p.4

A company that auctions its vehicles has a representative who bids in order to increase the prices of the vehicle.

Question

A company that auctions its vehicles has a representative who bids in order to increase the prices of the vehicle. Is this permissible?

Answer

The type of bidding to increase the price is old hat. It was known in the time of the Sahaabah. The Shariah strictly forbids bidding if the intention is not to buy. If the intention is only to boost the price, it is forbidden and haraam. There is no scope for this type of deception. Rasulullah (Sallallahu alayhi wasallam) said: "He who deceives, is not of us."

View on themajlis.co.za
Published in
The Majlis Vol 24 No 08
PDF page
4

Appears under FORKED TONGUE VAGUENESS (approximate).

Was this page helpful?