If you do business and buy a product for say Rs.100 and you sell for Rs 120? In Islam what is the rule of gaining profit?Should it be nominal after adding the other expenses on it or can we take more? | Sheikh Assim Al Hakeem
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  7. If you do business and buy a product for say Rs.100 and you sell for Rs 120? In Islam what is the rule of gaining profit?Should it be nominal after adding the other expenses on it or can we take more?

If you do business and buy a product for say Rs.100 and you sell for Rs 120? In Islam what is the rule of gaining profit?Should it be nominal after adding the other expenses on it or can we take more?

22 Aug

No problem in asking such a profit as long as one acquires the item and owns it.

If you do business and buy a product for say Rs.100 and you sell for Rs 120? In Islam what is the rule of gaining profit?Should it be nominal after adding the other expenses on it or can we take more?

Islamic economy | August 22, 2014 6:26 pm
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Suppose If my brother has some DEBT and he died before pay it and he suggested me to pay his debt. And the amount is big so it may take some time to return may be one year or more. Now in this in between period he will be punished in the grave until we pay it? Please explain.

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There is a supplier in china who is selling Lab Coats for $12.50 and he is selling these lab coats in aliexpress.com. I am living in Russia. I emailed this supplier and asked him whether we could agree for a contract i.e.I shall advertise this product on ebay.com for higher price than $12.50 and he agreed with me that I can keep the extra mark up. Once I get paid from customer, supplier ships the item. Is this permissible?

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