The concept of auctioning in Islam

Q. Is auctioning to purchase a home or vehicle or selling any personal item of oneself through the form of auctioning permissible in Islam?

If so please provide me with some Hadith and reference.

A. The concept of auctioning is permissible in Islam.

Anas Bin Maalik Radhiallahu Anhu reports that Rasoolullah Sallallahu Alaihi Wasallam sold a saddle, blanket and a drinking bowl. Rasoolullah Sallallahu Alaihi Wasallam said: “Who would buy this saddle, blanket and drinking bowl?” A man said: “I will take them for a Dirham.” Rasoolullah Sallallahu Alaihi Wasallam said: “Who will give more than a Dirham? Who will give more than a Dirham?” A man agreed to give two Dirhams, so Rasoolullah Sallallahu Alaihi Wasallam sold it to him. (Tirmidhi)

Allah Ta’ala Knows Best

Mufti Ismaeel Bassa

themufti.com