Is it permissible to buy domain names from GoDaddy and sell them for profit, knowing that the company transfers ownership and deducts a commission on the sale, and if the domain is not sold within a year, ownership reverts to the company or it must be renewed?

It is permissible to trade domain names through websites that reserve them. This act is considered a form of "badal al-khuluw" (consideration for vacating a right), which is permissible in Islamic law. It involves the first registrant relinquishing their right to the domain name to a new registrant in exchange for a known sum. It is also permissible for the website to act as an intermediary between the two parties for a percentage of the amount. A condition is that domain names must not be rented to websites involved in prohibited activities, based on the Almighty's saying: "And cooperate not in sin and aggression. And fear Allah; indeed, Allah is severe in penalty."