What is the islamically reasonable percentage of profit that a muslim can charge on his goods and/or services.
Question
For example a friend of mine has a xerox copy store. A certain service he offers in the store costs him Rupee 1.00. However the charge to the buyer is Rupees 5.00. This is Rupees 4.00 in each such transaction. I am not sure if such high profit can be charged. Can you clarify this isssue, in the light of Quraan/Hadith if possible? JazakAllah
Answer
There is no profit restrictions in Shari'ah. However, it is disliked to exceed double the profit margin of the market.
and Allah Ta'ala Knows Best
Mufti Ebrahim Desai
- Answered by
- Mufti Ebrahim Desai
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