There are many narrations which show that the Prophet (peace be upon him) prohibited monopolies in Islam. عَنْ عُمَرَ رَضِيَ اللَّهُ عَنْهُ عَنِ النَّبِيِّ صَلَّى اللَّهُ عَلَيْهِ وَسَلَّمَ قَالَ: «الْجَالِبُ مَرْزُوقٌ، والمحتكر مَلْعُون» . رَوَاهُ ابْن مَاجَه والدارمي. ‘Umar (may Allah be pleased with him) reported the Prophet (peace be upon him) as saying: “He … Continue reading Monopolies on basic necessities are un-Islamic