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We are continuing after our hiatus for a few weeks, our regular programs.

In inshallah today, we will have our Q&A as usual.

And today I begin my Q&A with a question from Sister Zainab from Mumbai, India.

MashaAllah t-AbarakAllah may Allah help your situation over there in that land.

She emails and she says that sometimes she participates in auctions that are done by lenders

and sometimes banks when they take possession of the object when the lenders are not able

to pay off the loan.

So the auction is then done, let's say for a car, maybe a house, maybe a piece of land.

And so she's asking, is it permissible to participate in such auctions?

Now this question is actually composed of two separate questions.

So let's start with the second one first, which is the auction, then the first one will

be banks doing auctions, which is slightly different than the concept as we will see.

So the concept of auctions, having an auction, and of course an auction is a mechanism of

selling something where different buyers come together and they bid on the same item.

Publicly everybody knows there's an auction going on or a group of people can know there's

an auction going on.

And so the point is you know that the price is going to be not set.

It is going to be given to the highest bidder and the auction will then be sold or whatever

the item is going to be given to the highest bidder.

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