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The question

Is it permissible to buy and sell on a website that stipulates accepting the last displayed price for an item after the auction period ends, even if it is significantly lower than its original value, knowing that entering the website implies agreement to this condition?

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

The sale is invalid if the price is unknown, such as selling a commodity for whatever price the market settles on. This is due to the prohibition of (uncertainty) in sales, and because it is unknown whether the price will settle at a high or low amount. This could lead to consuming the seller's wealth unjustly if he is compelled to sell for less than the commodity's value.

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
172159
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