IHTIKAR احتكار
Hoarding up grain with the object of raising the price. Used for monopoly of all kinds. Abu Hanifah restricts its use to a monopoly of the necessaries of life. It is strictly forbidden by Muhammad, who is related to have said: “Whoever monopoliseth is a sinner”; “Those who bring grain to a city to sell at a cheap rate are blessed, and they who keep it back in order to sell at a high rate are cursed.” (Mishkat, book xii. ch. viii.)
Hoarding up grain with the object of raising the price. Used for monopoly of all kinds. Abu Hanifah restricts its use to a monopoly of the necessaries of life. It is strictly forbidden by Muhammad, who is related to have said: “Whoever monopoliseth is a sinner”; “Those who bring grain to a city to sell at a cheap rate are blessed, and they who keep it back in order to sell at a high rate are cursed.” (Mishkat, book xii. ch. viii.)
Based on Hughes, Dictionary of Islam
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