Does the company organizing the electronic auction receive a commission from the seller and an entry fee from the bidders, and is there any suspicion of Maysir (gambling) in that? Is it permissible for the company to buy and own the item, then hold an auction for it to defer payment of its price to the former owner until after it is sold in the auction, in order to achieve a greater profit, and is there any suspicion of Gharar (excessive uncertainty), Ghabn (deception/fraud), Riba (usury), or Maysir in that?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
There is no objection to the two aforementioned transaction methods, as they do not involve gambling (), ambiguity (), or usury (riba). If the company purchases the item from the owner for a specified term, then the sale is complete, and the owner's right to the price of their item is established as a debt owed by the company, whether the company displays it in an auction or not, and whether it finds a buyer in the auction or not.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/184892
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- 184892
- Imported
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