Is brokerage haram in islam

The broker cannot take the difference himself by showing the price of one party higher or lower than it is. What he deserves is the fee for the brokerage.

Furthermore, he cannot have extra money for himself secretly by changing the price of the goods, because he is a broker. He is not a partner of the buyer or the seller. Skip to main content. Log in Create new account Random Question. I want to ask a question.

Details of the Question. FAQ in the category of Halals - Harams. In order to make a comment, please login or register. What is the importance of Friday prayer? Is playing the guitar permissible in Islam? Is mediator in general a lawful occupation? What actually the role of mediator according to sharia?

Thus it a must to differ between the lawful and the unlawful, and a general answer is not permitted in such case. Every one, particularly the broker, will claim that this practice is clearly beneficial for the villagers, as they will get a good price for their stuffs. But if we think more deeply, we will see that in fact, the villagers only get the benefits for once, but they receive many time losses.

Moreover the loss of the town dwellers and society due to this intermediary practice. To give a better picture of the loss suffered by the society and the villagers who own the stuffs, lets take a look at the explanation below:.

The town dwellers usually buy the goods from villagers to be processed as ready to consume products for society. Thus, if the price of the raw materials are high, their end products will be sold by a higher price too. Whereas most of the villagers are consumptive, in a way that they will buy the products of the town dwellers. Furthermore, is not uncommon for the villagers to buy back the goods he or she had sold to the town dwellers, i. A villager sold a living chicken, and when he wanted to go home, he bought a souvenir which was a chicken-filled bak pao a traditional chinese bread , or padang rice with chicken rendang.

Now the relationship becomes clear, between the price of the chicken brought by the villagers and the price of bak pao and chicken rendang. As the result, the increasing price of the chicken by the help of the broker, will simultaneously increase the price of bak pao and chicken rendang as well.

Similar things happened to other goods, which price fluctuates according to the changes of the price of raw materials such as the nine main livestock sold by the villagers. Thus, at another hadith, the messenger of Allah -may peace and blessings of Allah be upon him- had explained about this interconnection of price by his saying:.

This loss will also suffered by the town dwellers as a whole, thus Islam has prioritized the communal interest than the interest of certain groups of people. Moreover if the benefits for that group can not be fully obtained, as explained previously.

The answer for this no 1 type of intermediary is consistent with the fatwa issued by The Standing Committee for Scientific Research and Fatwa of the Saudi Arabia kingdom, no. A has a store that sells building materials. He usually sells roof tile for IDR Of course, A increases the price without the knowing of B. Hence in this case, B is disadvantaged because he was burdened with IDR 50,- , the fee for C, without any agreement beforehand. And this practice contradicts the decree of Allah The Exalted:.

As for the store owner who gives the fee to C without increasing the price of his goods, thus he still sells it by IDR ,- , it is permitted for him to do so. Or, if he told the consumer previously that the price he get is the actual price of the roof top plus the fee of the mediator, and the consumer consents to it, then this practice is permitted.

This explanation of the unlawful state of intermediary no. If the intermediary is done by a state official or by an employee of a company who is responsible to handle the supply of goods and services or other things, while he already received wages from the state or the company for that job.

In such case, he is not allowed to ask for or receive any payment from the task execution, which is already his responsibility, or from anything that related to that task of him.

Based on this hadith, the scholars have prohibited the state official and the employee of a company to accept any gifts that related to a task he is responsible to do This answer is in accordance with the fatwa of the Standing Committee for Scientific Research and Fatwa, Saudi Arabia Kingdom, no: Any form of intermediaries, aside from the three types mentioned above, is lawful, insha Allah, as long as it is carried out by a consent between the goods owner and the mediator, or between the buyer and the mediator, or among the three of them.

In real practice, there are 2 sides of the mediators, one works for the seller and another works for the buyer. Is these mediators are lawful? As long as there is a clear agreement amongst them, it is alright to use separate mediators or 2 types of mediators, one serves the seller and the other one serves the buyer.

Or they can use a service of mediators that work together in a body or institution, thus each of the seller and the buyer will not suffered from a large payment, since the fee of the mediators is borne together by the seller and the buyer. As for the mediator who intentionally raises the price unbeknownst by the owner, or even the owner has strictly prohibited him from increasing the price, it is not allowed for him to raise it by himself.

If he persists to break the agreement, or to raise the price without the consent of the owner, the whole profits is the right of the goods owner, and he is just deserved to take the fee as agreed before. That is because the goods and their selling belong to the owner, thus he is deserves to obtain all rights related to his goods.

If the answer to question no. From the amount of price that he raised, 2. From the contract he made with the seller that if he succeeded, he shall obtain a certain amount of fee? But if there was no clear agreement between them, he is not allowed to take the double profits.