1447 year 20 рабиъул аввал | 2025 year 12 september, friday
Regions:
Тошкент
ЎЗ UZ RU EN
Articles

The monopoly is haram

11:05 / 06.09.2019 2177 Reading mode + -

One of the things that are forbidden in trading is monopoly.

Ma'mar (رَضِيَ اللهُ عَنْهُ) narrated:

"The Prophet (ﷺ) said: " Whoever does monopoly he is inaccurate."

Muslim, Abu Dovud and Termizi.

"Ikhtikar" in the dictionary means "hold". In Sharia keeping the product intentionally from being sold to increase the price of what is been bough is called "Ikhtikar".

The monopolist will suffer greatly in this world and in the next world.

In short, a Muslim believer should not use the various frauds in order to gain wealth, and should not draw close to the artificial increase in the market price. This is haram and a grave sin. The market defines the price. People trade with their own free will.

Related articles
According to Muslims` belief, both good and evil were created by Allah but this does not award believers with a license to be engaged in evil deeds. On the contrary, the Quran specifically lists out good deeds and those that are evil for believers to make the rational choice between the more...

1117 16:51 / 02.12.2019
Another prominent Muslim physicist, Abu Raihon Biruni, through his clear scientific views was able to assess the gravity of various objects, the size of the earth, the features of dawn, solar eclipses and other natural phenomena.AlBiruni contributed to the introduction of the experimental more...

919 10:36 / 16.03.2020
The word aposzakatapos means quotpurityquot and quotgrowthquot in the dictionary. In Shariah terms zakat is the giving a specific juz of a special property to the specific person as prescribed by Sharia for the sake of Allah. Zakat is fard by the Quranic verses and the Sunnah of the Messenger of more...

885 10:37 / 01.02.2020
Allah chose him among the Arabs. Indeed, the Arab ummah was an average ummah. Allah chose him among the Quraysh. Indeed, Quraish was the best of the Arab tribes. Allah granted him the lineage of the tribe of Quraish, the most noble of the tribe of Banu Hashim.His homeland was in the midst, and it more...

3703 17:37 / 13.09.2019
Tazkiya
HADITH OF THE DAY
Anas ibn Malik radiallahu anhu reported Allahaposs Messenger peace be upon him having said on the day of Nahr SacrificeHe who slaughtered the animal as a sacrifice before the aposId prayer, should repeat it i. e. offer another animal. Thereupon a person stood up and said Messenger of Allah, that is more...