Percentage based commission
Q: Is this kind of shart halaal in a business contract? Earnings and commissions: Commission will be percentage based and in hierarchical order subject to change. Depending on monthly sales, commission will range from 5% to 10%. Commission amounts will be calculated at the end of every month based on sales as follows:
R0 to R5000 at 5%
5001 to 10000 at 7.5%
10000 and above at 10%
A: If the commission is fixed and the agent knows exactly the amount he will be receiving without any ambiguity, it will be permissible.
And Allah Ta’ala (الله تعالى) knows best.
Checked & Approved: