Hadith 3451

حَدَّثَنَا عُثْمَانُ بْنُ أَبِي شَيْبَةَ ، حَدَّثَنَا عَفَّانُ ، حَدَّثَنَا حَمَّادُ بْنُ سَلَمَةَ ، أَخْبَرَنَا ثَابِتٌ ، عَنْ أَنَسِ ، وَقَتَادَةُ ، وَحُمَيْدٌ ، عَنْ أَنَسٍ ، قَالَ النَّاسُ : " يَا رَسُولَ اللَّهِ ، غَلَا السِّعْرُ ، فَسَعِّرْ لَنَا . فَقَالَ رَسُولُ اللَّهِ صَلَّى اللَّهُ عَلَيْهِ وَسَلَّمَ : إِنَّ اللَّهَ هُوَ الْمُسَعِّرُ الْقَابِضُ ، الْبَاسِطُ ، الرَّازِقُ ، وَإِنِّي لَأَرْجُو أَنْ أَلْقَى اللَّهَ وَلَيْسَ أَحَدٌ مِنْكُمْ يُطَالِبُنِي بِمَظْلَمَةٍ فِي دَمٍ وَلَا مَالٍ " .
Narrated Anas ibn Malik: The people said: Messenger of Allah, prices have shot up, so fix prices for us. Thereupon the Messenger of Allah ﷺ said: Allah is the one Who fixes prices, Who withholds, gives lavishly and provides, and I hope that when I meet Allah, none of you will have any claim on me for an injustice regarding blood or property.
Hadith Reference سنن ابي داود / كتاب الإجارة / 3451
Hadith Grading الألبانی: صحيح  |  زبیر علی زئی: إسناده صحيح, مشكوة المصابيح (2894), أخرجه الترمذي (1314 وسنده صحيح) وابن ماجه (2200 وسنده صحيح)
Hadith Takhrij « سنن الترمذی/البیوع 73 (1314)، سنن ابن ماجہ/التجارات 27 (2200)، (تحفة الأشراف: 318، 1158)، وقد أخرجہ: مسند احمد (3/286)، دی/ البیوع 13 (2587) (صحیح) »
Explanation & Benefits
Shaykh Umar Farooq Saeedi
Benefits and Issues:
Benefit:
The Messenger of Allah (sallallahu alayhi wa sallam) emphasized keeping prices according to the natural balance of market forces, especially supply and demand, and refused to fix prices despite inflation.
His statement that Allah alone is the One Who increases or decreases (the supply of things) is a matter of knowledge that predates the concepts of modern economics by centuries.
Through this, he (sallallahu alayhi wa sallam) stated a fundamental principle of economics.
And he declared the freedom of market factors to be justice and fairness.
By fixing prices, someone’s right is inevitably violated.
Therefore, abstention from it was commanded.
This hadith also shows that the remedy for inflation is that there should be blessing in the supply of goods.
The meaning of supplicating to Allah is precisely this:
that He grants blessing in the production of things,
and arranges alternative means to fulfill needs.
This is what the government should do: it should strive to increase supply to break inflation,
and seek alternative methods.
This will be a successful remedy for inflation.
Whereas, even after fixing prices, they are not adhered to in the market,
and black marketing of goods begins,
which only increases people’s suffering.
Source: Sunan Abu Dawood – Commentary by Shaykh Umar Farooq Saeedi, Page: 3451
Shaykh Safi ur-Rahman Mubarakpuri
Takhrij:
«أخرجه أبوداود، البيوع، باب في التسعير، حديث:3451، والترمذي، البيوع، حديث:1314، وابن ماجه، التجارات، حديث:2200، وابن حبان (الإحسان):7 /215، حديث:4914.»©Explanation:
This hadith shows that government control over the prices of goods is prohibited.
On one hand, if this causes harm to those engaged in trade, on the other hand, when traders withhold goods, it leads to famine.
The public becomes helpless in obtaining the necessities of life, as a result of which black marketing flourishes.
The public falls victim to economic hardship, which gives rise to restlessness, anxiety, and disorder in society.
Source: Bulugh al-Maram: Commentary by Safiur Rahman Mubarakpuri, Page: 679