Question:
AsSalamuAlaikum,
Is it halal to buy and sell auction units. These auction units are usually items like cars or household objects that are taken back by the bank due to failure of payment, or taken by the government for not paying fees etc. Or they are abandoned for whatever reason. And when they are being sold, they are usually sold at a much lower price than its real value due to the circumstances. Is it permissible to buy these types of units that once belonged to someone else for cheap and make money out of it? And these are usually from non-Muslims, I don’t know if it really matters if the previous owner was a Muslim or not though. Thank you!
Answer:
A`udhu billahi min ash-shaytan ir-rajeem
Bismillahi ‘r-Rahmani ‘r-Raheem
It is permissible to buy and sell by auctions items that are halal.
Imam Senad Agic
American Islamic Center – Chicago
Majlis #1 Head Imam (IABNA)
www.aicchicago.com
www.imamsenadagic.com
www.iabna.org
