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How much profit are we entitled to make Print

How much profit are we entitled to make when selling a product?


Query No. :: 2007-05-14 10:59:26 Reference: spr.MMACategory: Trade and Business

Q: How much profit are we entitled to make when selling a product?

Answer

The Shari’ah has not stipulated a fixed amount of profit one is allowed to gain when selling an item. However it would be highly indecent of one to ask a hefty and exorbitant price. There should be no trickery and deception involved in setting a price.

(Fataawaa Mahmoodiyah, Vol. 13, Page 349, Fataawaa Rashidiyyah, Page 543)

And Allah Ta’ala knows best
 
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