Home » Hanafi Fiqh » Muftionline.co.za » Making more than 100% profit on an item

Making more than 100% profit on an item

Answered as per Hanafi Fiqh by Muftionline.co.za

Q: I want to know whether it is permissible to sell a product and the profit I make is more than my cost price or exactly my cost price. For example, the product costs 50gh and the profit made is 60gh or 50gh. Is it permissible?

Bismillaah

A: It is permissible.

And Allah Ta’ala (الله تعالى) knows best.

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)


Original Source Link

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

Read answers with similar topics: