When doing business, is there a limit on the amount of profit according to Islam ?
Fatawa Question
l had a question regarding silver bullion we buy and sell and wanted to know how do we determine how much to charge to sell these silver bars, what is a acceptable profit margin as my friends says there is none. Even if there is no limit on the profit one is allowed, l feel this will have more complications later as how would the brother who bought the product feel once he finds out he paid more £ 200 more than the market value please could you explain to us what is right and wrong according to Islam ?
Fatwa
Click hereto view more
Publisher
al-Qalam Shariah Scholar Panel
Publication Date
2015-11-04
Country of Publication
United Kingdom
Main Subjects
Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-727035
American Psychological Association (APA)
al-Qalam Shariah Scholar Panel (Manchester, England). 2015-11-04. When doing business, is there a limit on the amount of profit according to Islam ?. . Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-727035
Modern Language Association (MLA)
al-Qalam Shariah Scholar Panel (Manchester, England). When doing business, is there a limit on the amount of profit according to Islam ?. Manchester England : al-Qalam Shariah Scholar Panel. 2015-11-04.
https://search.emarefa.net/detail/BIM-727035
American Medical Association (AMA)
al-Qalam Shariah Scholar Panel (Manchester, England). 2015-11-04. When doing business, is there a limit on the amount of profit according to Islam ?. Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-727035
