The Egyptian Fatwa House responded to the query, “I have old products and its price has increased. Should I sell it at the new price?” as a result of the recent increase in the dollar’s value relative to the Egyptian pound.
In the details, it was reported during a live broadcast conducted by the house on Facebook: “If I have a product and I buy it at a cheap price, and the product has a price rose, and I have quantities at the old price, is it permissible to sell the product at the new price?”
Mohamed Abdel Samie responded to the fatwa at the Egyptian Fatwa House by stating: “It is not permissible to sell the product at the new price because you did not buy it at the new price, so fairness is that you sell it for half the profit for the new price, meaning that if you bought a product for 20 pounds and were selling it, you would be selling it at a profit of half the new price.
1 kilogramme.
“Some say that if the product sold at the previous price, he would not be able to buy the product at the new price, but we say to them..,” Mohamed Abdel Samie continued.
You paid the old price; it is improper to abuse people and raise rates without consent because doing so amounts to taking advantage of them and stealing their money. Unfortunately, either to sell it on its basic price, and you have reward and reward from God, or to win the new half of the profit, and thus have been gained and at the same time did not increase the people in its price.
People monopolize the goods and sell them at exaggerated prices legally, as this exploitation entails harm to people and restricting them, and this leads to harming them financially and morally.
“The Seventh Day” is the source.
“I have old products and its price has risen … I sell it at the new price?” .. The Ifta House in Egypt responded.
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