The following is the translation of an Arabic Q&A from the website of Sheikh Ata' Abu Rashta . Question: We know that it is forbidden for the ruler to fix the price of commodities for the people because the Prophet (saw) said: " Indeed Allah is the Creator, the Restrainer, the Reliever, the Provider and the One Who fixes the prices, I wish to meet Allah in such a state that nobody claims that I have done any wrong to him either in his blood or his money " as narrated by Ahmad. He (saw) also said: " Whoever strives to increase the cost (of products) for Muslims, Allah, the Exalted, will seat him in the center of the Fire on the Day of Resurrection. " narrated by Ahmad. Hence the question is: if some traders in any region fix the price of any commodity, for instance the rice traders assembled and agreed among themselves upon selling the rice to the people (other) traders on a fixed price; so in such a case, fixing the price of this commodity
"Thoughts are the greatest wealth of any nation."