How much profit can a person make?

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

themufti.com