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The question

What is the ruling on increasing the price of a commodity one does not wish to buy?

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

The act of someone increasing the price of a commodity without intending to buy it is forbidden (), because it involves deception and defrauding the buyer. This is the forbidden najsh (bid-rigging or artificial bidding), and the Prophet's prohibition of it is a prohibition of حرمة (harāmah - unlawfulness/sanctity). If najsh is proven and there is an uncustomary overcharge, the buyer has the option to either annul the sale or uphold it.

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
17959
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