1؎: «احتکار»: This refers to hoarding. It is prohibited when people are in need of grain and, in anticipation of higher prices, it is withheld from the market. If grain is available in the market, then hoarding is not prohibited. There is no harm in hoarding unnecessary items other than food.
Explanation & Benefits
Shaykh Dr. Abdur Rahman Freywai
Explanation: 1: Ihtikar: Ihtikar refers to hoarding. It is prohibited when people are in need of grain, and, in anticipation of further price increases, it is withheld from the market. If grain is available in the market, then hoarding is not prohibited. There is no harm in hoarding unnecessary items other than food.
Source: Sunan al-Tirmidhi – Majlis ‘Ilmi Dar al-Da‘wah, New Delhi Edition, Page: 1267
Narrated Mamar bin Abi Mamar, one of the children of Adi bin Kab: The Messenger of Allah ﷺ as saying: No one withholds goods till their price rises but a sinner. I said to Saeed (b. al-Musayyab): You withhold goods till their price rises. He said: Mamar used to withhold goods till their price rose. Abu Dawud said: I asked Ahmad (b. Hanbal): What is hoarding (hukrah) ? He replied: That on which people live. Abu Dawud said: Al-Auzai said: A muhtakir (one who hoards) is one who withholds supply of goods in the market.
Shaykh Umar Farooq Saeedi
Benefits and Issues: All such items upon which humans or their animals depend for sustenance, and which are kept by someone for the purpose of sale, and then if these items become scarce in the market, and he withholds them with the intention that their price will increase further and then I will sell them—this is hoarding (ihtikar), the prohibition of which has been mentioned. If that item is available in the market according to demand, or someone has kept it for his own need, then withholding it is not the prohibited hoarding. Withholding during times of scarcity and famine is forbidden (haram). The practice of Sayyiduna Sa‘id ibn al-Musayyib and Hazrat Ma‘mar was also in accordance with this second situation. Some of the esteemed Imams consider it permissible to withhold fruits and other items besides staple foods.
Source: Sunan Abu Dawood – Commentary by Shaykh Umar Farooq Saeedi, Page: 3447
´It was narrated from Ma'mar bin 'Abdullah bin Nadlah that the Messenger of Allah (ﷺ) said:` "No one hoards but a sinner."'
Maulana Ataullah Sajid
Benefits and Issues:
➊ The meaning of hoarding (ikhtikar) is that when the public is in greater need of something, the trader withholds his goods at that time so that the price increases even more. This involves greed and selfishness. Such a person harbors the desire that the public should be afflicted with hardship so that he can accumulate wealth. Such desires are not befitting the dignity of a Muslim.
➋ Hoarding is legally (shar'an) prohibited, and by committing a prohibited act, unlawful (haram) earnings become mixed into one's sustenance.
➌ The use of the word "sinner" (gunahgar) indicates that only someone who has become accustomed to sins can commit such a wrongful act. Someone who only occasionally commits a sinful act cannot commit such a major crime.
➍ Purchasing and keeping a reasonable amount of goods for one's personal needs is not included in hoarding. For example: If a person buys grain during the harvest season according to the needs of his household for the entire year, he is not a criminal.
Source: Commentary on Sunan Ibn Mājah by Mawlānā ‘Atā’ullāh Sājid, Page: 2154