The Implications of the Hadith on Price Fixing

The current state of Islamic economics was influenced a lot by the prevailing economic thought during the time as it was coming to be developed in the 50s, 60s and 70s. There's so much economic teaching, just jam packed in that one hadith about price fixing. Not all the scholars agree on actual like whether price fixing should be completely abolished or not. The default is set by Allah and his messenger. That's the normative teaching of Islam.

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