Question:
What is permissible profit in Islam?
In other words what is % of profit (gross + net)?
Answer:
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
There are no restrictions in Shari’ah on the amount of profit one may make in a business. The seller may make any amount of profits he wishes to as long as the buyer agrees to the price.
However, in determining a markup, one should consider the well being of the customers as well and not be driven by greed only.
And Allah Ta’āla Knows Best
Mufti Arshad Ali
Darul Iftaa, Jaamia Madinatul Uloom (Trinidad)