spacer
spacer search

Islamic Thinkers Society
Bringing Change Through Intellectual & Political Struggle.

Search
spacer



header
Main Menu
Home
Islamic Topics
News From the Ummah
Non-Muslims
Media
Current Issues
Site Updates
Search
Links
FAQ's
About Us
Forum
Muslim Massacres
Ramadan
Image Gallery


 

 

Bismillah ir Rahman ir Rahim
Innal-Hamdalillah was-Salaatu was-Salaam `alaa Rasoolillah
As-Salaamu alaikum wa-Rahmatullahi wa-Barakatuhu

Welcome to the Islamic Thinkers Society web site.

We are less than a handfull of Muslims from Ahlus Sunnah wal jama'ah who give public da'wah to society, where we invite the society to Islam(Aqeedah+Shahriah), command the good, forbid the evil and expose falsehood from every angle. Our struggle is always intellectual & political non-violent means.To find out more about our activities and about our views, we highly recommend you visit the "About Us" page first.


Home arrow Islamic Topics arrow 'Aqeedah arrow Tasaeer(Price-Fixing)

Tasaeer(Price-Fixing) PDF Print E-mail
Saturday, 28 May 2005
Tasaeer or price fixing is the ability by the person in authority upon the Muslims to force traders not to sell commodities within a specified price. This prevents them putting the price up or down. This prohibited in Islam due to the narration of Imam Ahmed about Anas, he said ‘prices increased at of the prophet (SAW) so they said ‘ Oh messenger of Allah, we wish you price (fix the prices). He said ‘ Indeed Allah is the Creator, the holder (Qabidh), the Open-handed (Basit), the Provider (Razzaq), the Pricer (who fixes prices); and I wish I will meet Allah and nobody demands (complains) of me any act did against him, not in blood or property.’

This hadith just shows that it is prohibited for a Muslim ruler or in authority to carry out this act and sinful if they carry it out. Any citizens living under the Islamic State has the right to complain to the court of Unjust Acts (Mahkamat Al Mathalem) against the person who puts down pricing.

The reality of pricing is a grave haraam upon the nation under all circumstances, whether in war or peace. Causing the commodities to be possessed by only the rich and not the poor as in such cases around the world black market appear. The monopolizing of goods is an important part of the capitalist system. This allows them the price to be fixed as there is going to be demand for their product, at whatever price they desire. In Islam monopolizing in such a way is prohibited by Allah (SWT) so the likelihood of poor people being denied the ability to own these goods is not stopped.

And as Allah(SWT) says in Surah 3 :180

"And let those who are stingy, who withhold the gifts of Allah has given to them from his grace think that it is good for them. Rather it is worse for them that which they hoard will be their collar on the day of judgment. To Allah belongs the heritage of the heavens and earth and Allah is informed of what you do."

The Price Fixing of certain commodities is just a tool for the West to allow its stranglehold on the markets around the world where distribution of certain goods are only found among the rich and where the poorer in society are dying on their feet due to the mal distribution of these commodities in the whole of the communities.
< Prev   Next >
spacer
Random Quotes
“It should be Bourne (sic) in mind that the Standard Oil Company is very anxious to take over Iraq.”
-Sir Arthur Hirtzel, British colonial official, Feb
Scholars to be Avoided
1. Khaalid Al-Anbaree
2. Rabee bin Hadee Al-Madkhali
3. Abdulaziz aal Shaykh
4. Abdurahman as Sudais
5. Saleh al Fawzan
6. Aid al-Qarni
7. Zaki Badawi
8. Sa'ad al Barek
9. Yusuf al-Qaradawi
10. Sayyid Tantawi
11. Saleh ibn Ghanem as Sadlaan
12. al-Bouti
13. Hamza Yusuf Hanson
14. Dr. Muzammil H. Siddiqi
15. Dr. Abdul Hakim Jackson
16. Dr. Ahmad Shleibak
17. Dr. Akbar Muhammad
18. Dr. Deina Abdulkadir
19. Shaikh Hassan Qazwini
20. Dr. Ihsan Bagby
21. Dr. Jamal Badawi
22. Dr. Muhammad Adam Sheikh
23. Shaikh Muhammad Al-Hanooti
24. Shaikh Muhammad Nur Abdallah
25. Dr. Salah Soltan
26. Dr. Taha Jabir Alalwani
27. Shaikh Yahya Hindi
28. Shaikhah Zainab Alwani
29. Dr. Zulfiqar Ali Shah
30. Dr. Mukhtar Maghraoui
31. Dr. Nazih Hammad
32. Hisham Kabbani
33. Shamsi Ali
34. Yasir Qadhi
35. Tawfique Chowdry


AdvertisementAdvertisementAdvertisement 

spacer


 

Disclaimer:

We are purely an intellectual & political organization. We hereby state that we have NO CONNECTIONS with any organizations, foreign or domestic whatsoever. One needs to view our About Us page to find out about our views/ideas.

External Content: The external content, such as external links, images, and embedded audio & video, that may appear on Islamic Thinkers Society (ITS) website (islamicthinkers.com) are not the responsibility of ITS. ITS does not control or maintain the external contents. The external contents are subjected to change without Islamic Thinkers Society's knowledge. Furthermore, ITS does not endorse products & services or receive cash for the external content presented on the ITS website. External content on the ITS site are present due to relevance of information, to obtain insight into various topics, and in general to bring awareness to important topics.