عربي
11 Jamadi al-Awwal 1444  ,  05 December 2022

*Fatwa and Sustainable ... Date Added: 31-10-2022

Iftaa` Department and the ... Date Added: 25-10-2022

Achievements of Iftaa` ... Date Added: 23-10-2022

Fatwa is Accepted only from ... Date Added: 19-10-2022

"The Role of Religious ... Date Added: 09-11-2022

If a Man Fights or Abuses ... Date Added: 02-11-2022

The Prophet`s Birth ... Date Added: 02-11-2022

Scary Questions about ... Date Added: 01-11-2022

Search Fatawaa


Subject : Solving the Problem of Rising Prices

Fatwa Number : 664

Date : 27-04-2010

Classified : Current Issues

Fatwa Type : Search Fatawaa


Question :

Our Muslim nation is witnessing a global rise in prices; what are the reasons? What is the solution? And what is your advice to merchants?



The Answer :

All perfect praise be to Allah, The Lord of The Worlds, and may His peace and blessings be upon our Prophet Mohammad and upon all his family and companions.


Some of the righteous predecessors were asked: "Prices of goods have risen?" They replied: "Bring them down by not buying them" i.e. leaving nonessentials renders people burden free, and decreasing the demand for a certain commodity leads to cutting down its price, as indicated by supply and demand theory. We advise merchants to fear Allah and facilitate for the nation of Mohammad. And Allah Knows Best.







Comments

 

Name *

E. mail Address *

Country

Comment Title *

Comment *

Captcha
 
 

Warning: this window is not dedicated to receive religious questions, but to comment on topics published for the benefit of the site administrators—and not for publication. We are pleased to receive religious questions in the section "Send Your Question". So we apologize to readers for not answering any questions through this window of "Comments" for the sake of work organization. Thank you.