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How much profit are we entitled to make |
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How much profit are we entitled to make when selling a product?
| Query No. :: 2007-05-14 10:59:26 | Reference: spr.MMA | Category: 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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