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The question

What is the ruling on a group of individuals agreeing not to bid against each other in a public auction, then selling what they purchased and dividing the amount among themselves?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

If there are others in the market besides them, it is not permissible to agree to prevent anyone from entering the auction. However, if there are no others in the market besides them, there is no harm, provided they do not prevent anyone from entering the auction. If they prevent someone from entering and agree with him that he should be a partner in the profit, then it is not permissible. And if they give him a sum of money, he must return it or give it in charity.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
18588
Added here
. This is when the answer was added to El Fatwa, not the fatwa's date.
Text
Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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Read the full answer on Ftawy