2 – This ḥadith therefore forbids imposing fixed prices on people in their marketplaces and transactions.
3 – It underscores the gravity of wronging people in their lives and property, and that its peril on the Day of Resurrection is immense, for on that day no liabilities are cleared except through righteous deeds.
4 – It affirms Allah’s exclusive ownership and governance; He has no partner in either. His management of His creation proceeds with perfect wisdom—whether in times of ease and abundance or in times of hardship and scarcity—each circumstance is governed by elevated wisdom suited to the creatures’ present condition.
5 – It establishes the certainty of recompense in the Hereafter: whoever does good will find good, and whoever does evil will find evil.
6 – If merely fixing prices—something the Prophet ﷺ disavowed because it is unjust—is oppression, then what of the governments that claim Islam yet seize the populace’s wealth under slogans of socialism and the nationalization of their sources of livelihood, only to overwhelm them with taxes, fees, and customs duties? Such measures have plunged their citizens into poverty and need, yielding nothing but greater destitution, debt, and dependence on wealthier nations.
Ibn al-Qayyim said: “Price-fixing (tasʿīr) is of two kinds. One is forbidden, and the other is equitable and permissible. If it entails wronging people, coercing them without right to sell for a price they do not accept, or preventing them from something Allah has allowed, it is unlawful. But if it realizes justice among people—such as compelling them to fulfill what is due from them by exchanging goods at their fair market value, and preventing them from taking an unlawful surplus above that equivalent—then it is permissible, indeed obligatory. In summary: whenever the public interest cannot be achieved except through price-fixing, the ruler fixes prices on the basis of justice; but if their need is met and their welfare secured without it, he should not do so.”
Shaykh Muḥammad ibn Ibrāhīm Āl al-Shaykh said: “What appears correct to us and brings our hearts tranquility is exactly what Ibn al-Qayyim stated: price-fixing can be an act of injustice, and it can also be a just, permissible measure.”