Selling at more than 10% profit

Dear Brothers & Sisters,
As-Salaamu-Alaikum wa Rahmatullahi wa Barakatuh. (May Allah's Peace, Mercy and Blessings be upon all of you)
One of our brothers/sisters has asked this question:
Is it permissible for a trader to earn more than 10% profit on goods?
(There may be some grammatical and spelling errors in the above statement. The forum does not change anything from questions, comments and statements received from our readers for circulation in confidentiality.)
Check below answers in case you are looking for other related questions:

Answer:

Praise be to Allaah.

The earnings a trader may make are not limited by sharee’ah, but it is not permissible for a Muslim to cheat those who buy from him and to sell his goods at a price that differs from the going rate in the marketplace. Islam teaches Muslims not to seek a huge profit, but to be easygoing when buying and selling, because the Prophet (peace and blessings of Allaah be upon him) urged an easygoing and tolerant attitude in dealings with others.

Whatever written of Truth and benefit is only due to Allah's Assistance and Guidance, and whatever of error is of me. Allah Alone Knows Best and He is the Only Source of Strength.

Related Answers:

Recommended answers for you:


Don't miss out to watch Islamhelpline sponsored Islamic Kids Competition

Click here for all videos