Is profit in trade limited to a specific percentage or not, and what is the evidence, taking into consideration annual taxes?
It is permissible to sell goods for more than their cost price with no limit to the profit, but it is preferable to reduce and make things easy. If the commodity is known with a known price, then it should not be sold to someone unaware of that for more than that, unless he is informed of the truth, because it is a type of deception, and a Muslim does not deceive his brother. Profits in trade are unlimited and follow supply and demand, and it is preferable for a Muslim to be lenient in his selling and buying, and not to take advantage of the oversight of his counterpart in selling or buying, but rather to observe the rights of Islamic brotherhood.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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Where this answer came from
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- Ftawy
- Original fatwa ID
- 19583
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy