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(Book 31, Hadith 57) #36399
Price Regulation in Markets

SUMMARY: Umar ibn al-Khattab warned Hatab ibn Abi Baltaa to either increase the price of his raisins or leave the market.

Yahya related to me from Malik from Yunus ibn Yusuf from Said ibn al-Musayyab that Umar ibn al-Khattab passed by Hatab ibn Abi Baltaa who was underselling some of his raisins in the market. Umar ibn al- Khattab said to him, "Either increase the price or leave our market".
وَحَدَّثَنِي عَنْ مَالِكٍ، عَنْ يُونُسَ بْنِ يُوسُفَ، عَنْ سَعِيدِ بْنِ الْمُسَيَّبِ، أَنَّ عُمَرَ بْنَ الْخَطَّابِ، مَرَّ بِحَاطِبِ بْنِ أَبِي بَلْتَعَةَ وَهُوَ يَبِيعُ زَبِيبًا لَهُ بِالسُّوقِ فَقَالَ لَهُ عُمَرُ بْنُ الْخَطَّابِ إِمَّا أَنْ تَزِيدَ فِي السِّعْرِ وَإِمَّا أَنْ تُرْفَعَ مِنْ سُوقِنَا

TOPICS
market  *  price  *  regulation  *  suq  *  alsair  *  altanzeem

QUICK LESSONS:
Be fair when setting prices for goods and services; Take responsibility for regulating prices in communities; Ensure equality among traders; Follow regulations set by leaders.

EXPLANATIONS:
This hadith is about Umar ibn al-Khattab's regulation of prices in markets. He passed by Hatab ibn Abi Baltaa who was selling his raisins at a low price and warned him to either increase the price or leave the market. This hadith teaches us that it is important for people to be fair when setting prices for goods and services so that everyone can benefit from them equally. It also shows us how Umar was able to regulate prices in markets and ensure fairness among traders. This hadith also serves as an example of how leaders should take responsibility for regulating prices in their communities so that everyone can benefit fairly from them.

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