FatwaFederal TerritoriesTransactions & Finance
IRSYAD HUKUM SIRI KE-703: ADAKAH PERSAINGAN HARGA DALAM KALANGAN PENIAGA DIHARUSKAN DALAM ISLAM?
Is price competition among traders permitted in Islam?
Short answer
Price competition is permitted in Islam because it is a normal feature of the market, and the default ruling for commercial dealings is permissibility unless there is evidence prohibiting it.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Federal Territories Mufti Office
- Date
- Status
- Opinion (irsyad)
- Series
- Irsyad al-Hukum (Umum)
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
Price competition is permitted in Islam because it is a normal feature of the market, and the default ruling for commercial dealings is permissibility unless there is evidence prohibiting it. The competition must remain healthy, must not wrong other traders and must not damage the market. Examples of prohibited conduct include seizing other traders' customers, hoarding goods (ihtikar) and deception.
Written in our own words from the original fatwa — check the source before acting on it.
Persaingan harga adalah dibenarkan dalam Islam kerana persaingan harga adalah satu norma yang sentiasa berlaku dalam pasaran.
Read the full fatwa on the Federal Territories website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Federal Territories Mufti Office. “IRSYAD HUKUM SIRI KE-703: ADAKAH PERSAINGAN HARGA DALAM KALANGAN PENIAGA DIHARUSKAN DALAM ISLAM?”, 20 July 2022. https://muftiwp.gov.my/ms/artikel/irsyad-hukum/umum/5349-irsyad-al-fatwa-siri-ke-703-adakah-persaingan-harga-dalam-kalangan-peniaga-diharuskan-dalam-islam. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/is-price-competition-among-traders-permitted/