Question:
How much profit we should make while 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 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
Ebrahim bin Zainul Abedeen Backus
Mufti Muhammad Ashraf
Darul Iftaa
Jameah Mahmoodiyah
Springs
09 March 2005
28 Muharram 1426
This Q&A was indexed in 2012 from the website of Jameah Mahmoodiyah, South Africa. The original website no longer exists.