بیعُ المُزَایِد ۃ (نیلامی /بولی کی شرعی حیثیت اور احکام)

Abstract

Bai al-Muzayadah, commonly known as auction or competitive bidding, holds significance in Islamic finance and commerce. In this type of transaction, sellers present their items for sale without fixing a price and interested buyers compete by offering higher bids until the highest bid is accepted. The item is then sold to the bidder who placed the highest offer.

In Islamic jurisprudence, Bai al-Muzayadah is recognized as a permissible method of sale, allowing goods to be sold to the highest bidder through a transparent bidding process. The practice aligns with Islamic values of fairness and market efficiency, providing a mechanism for determining the true market value of commodities. This paper aims to explore its position within the framework of Islamic principles, investigating its commandments, conditions, and ethical implications.

It examines the requirement for transparency, honesty, and the absence of prohibited elements such as uncertainty (gharar) and exploitation (ghasb). By adhering to these conditions, Bai al-Muzayadah upholds the principles of justice and integrity in Islamic commerce. Furthermore, the paper investigates the prevalence of unfair and corrupt methods in Bai al-Muzayadah transactions.