Privatization and profit caps : limit on profit !
Fatawa Question
Al Salam Alaikum, firstly, I want to thank you and may god give you success and Ujur from this wonderful service. My question is about selling luxury products. I plan to sell world class designer bags that I buy from abroad and sell to my country where most of these products are not sold. These bags are quite expensive and since I will ship them back home that will also cost me. Nonetheless, these are luxury goods and not necessities. My question is there a limit to how much profit I am allowed to make on each bag. Please don't just tell me "excessive profits" because I don't understand what "excessive" is. Is it 30 percent or 70 percent for example ? Please let me know so I can start working on this project and decide on the prices.
Fatwa
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Publication Date
2002-03-04
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-725355
American Psychological Association (APA)
Qahf, Mundhir. 2002-03-04. Privatization and profit caps : limit on profit !. .
https://search.emarefa.net/detail/BIM-725355
Modern Language Association (MLA)
Qahf, Mundhir. Privatization and profit caps : limit on profit !. 2002-03-04.
https://search.emarefa.net/detail/BIM-725355
American Medical Association (AMA)
Qahf, Mundhir. 2002-03-04. Privatization and profit caps : limit on profit !.
https://search.emarefa.net/detail/BIM-725355
