Narrated Abu Hurairah: The Prophet ﷺ forbade to bid against one another.
Related hadith on this topic
Explanation & Benefits
Shaykh Umar Farooq Saeedi
Benefits and Issues:
➊
The meaning of (najsh) is that a person, pretending to be a buyer, offers a higher price among the parties involved in the transaction,
even though he is not a genuine buyer.
And the real buyer, deceived into thinking that others are offering more,
becomes willing to purchase at a higher price.
Sometimes, such people are themselves roaming the market on behalf of the shopkeepers.
This act is against Islamic trustworthiness and honesty.
It is an obstacle to the freedom of market forces and is a deception.
Therefore, it is forbidden (haram).
➋
However, in a general auction (bay‘ man yazid), if genuine buyers outbid each other, then this is permissible.
Source: Sunan Abu Dawood – Commentary by Shaykh Umar Farooq Saeedi, Page: 3438
Maulana Ataullah Sajid
Benefits and Issues:
➊
The meaning of increasing the bid is that a person who does not intend to purchase the item participates in the bidding and offers a price higher than what has already been offered, so that the needy buyer is compelled to pay a higher price.
➋
This act is prohibited because it involves deception and causes harm to the buyer.
➌
It is permissible to sell an item through bidding.
Source: Commentary on Sunan Ibn Mājah by Mawlānā ‘Atā’ullāh Sājid, Page: 2174