Haram Money & business

Is hoarding goods to raise prices haram?

Short answer

Yes. The Prophet ﷺ said that none hoards but a sinner. Scholars apply this to withholding essential goods from people in order to raise their price.

Evidence

Hadith

Sahih Muslim 1605b

Ma'mar b. Abdullah reported Allah's Messenger (ﷺ) as saying:No one hoards but the sinner

Arabic text (with chain of narrators)

حَدَّثَنَا سَعِيدُ بْنُ عَمْرٍو الأَشْعَثِيُّ، حَدَّثَنَا حَاتِمُ بْنُ إِسْمَاعِيلَ، عَنْ مُحَمَّدِ بْنِ عَجْلاَنَ، عَنْ مُحَمَّدِ بْنِ عَمْرِو بْنِ عَطَاءٍ، عَنْ سَعِيدِ بْنِ الْمُسَيَّبِ، عَنْ مَعْمَرِ بْنِ عَبْدِ اللَّهِ، عَنْ رَسُولِ اللَّهِ صلى الله عليه وسلم قَالَ ‏ "‏ لاَ يَحْتَكِرُ إِلاَّ خَاطِئٌ ‏"‏ ‏.‏

Read on sunnah.com

This is general information, not a fatwa. For your own situation, ask a qualified scholar.

Questions about halal and haram

Is hoarding goods to raise prices haram?

Yes. The Prophet ﷺ said that none hoards but a sinner. Scholars apply this to withholding essential goods from people in order to raise their price.