Raising the price of an item because the market value has escalated

Q: Can I raise the price of an item because the market value is gone higher but it has not cost me more? I have mostly non Muslim clients and sometimes the clients know its the same old stock and ask how can I change the price if new stock has not come in?

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A: Since the goods belong to you, you may sell it at any price you wish.

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

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)