Q. If I buy an item for R99, can I resell it for R300 thus making 200 % profit? What is the allowed percentage of profit to be made on a product?
A. There are no restrictions in Shariah in earning profit. A seller may earn profit by selling his item at any price as long as the buyer agrees.
However, when marking a price, the seller should consider the well-being of the buyer and should not be driven by greed only.
Allah Ta’ala Knows Best
Mufti Ismaeel Bassa