The limit of profit in a commodity
Machine translationRead the Arabic original
Question:
I seek Allah's forgiveness for me in the authentic one. Honorable Shaykh, he says: Is there a specific limit to profit in a commodity? For example, if I bought my commodity for one hundred riyals, is it permissible for me to sell it for five hundred riyals?
Answer:
Profit is determined by the market price, whether it is high or low. If you sell it at what it is worth in the market, whether the price is high or low, there is no harm in that. However, if the price increase is due to deceiving the buyer—because he is young, a woman, or someone who does not know about commodities—and you take advantage of his ignorance and charge him more than the market price, then this is not permissible. This involves deception, so it is not permissible. The one who determines the profit and calculates it is the market price. Commodities in the market increase in value, meaning they sometimes increase for you and sometimes decrease. Therefore, it is obligatory to sell this commodity at the market price.
Except if the increase is for the sake of deferring payment. It is correct that the price of the commodity is such and such, but this applies to a cash sale. As for a deferred sale, the increase above the current market price is not a problem, provided it is not excessive. It should be reasonable. Yes.
The presenter:
May Allah reward you.
I seek Allah's forgiveness for me in the authentic one. Honorable Shaykh, he says: Is there a specific limit to profit in a commodity? For example, if I bought my commodity for one hundred riyals, is it permissible for me to sell it for five hundred riyals?
Answer:
Profit is determined by the market price, whether it is high or low. If you sell it at what it is worth in the market, whether the price is high or low, there is no harm in that. However, if the price increase is due to deceiving the buyer—because he is young, a woman, or someone who does not know about commodities—and you take advantage of his ignorance and charge him more than the market price, then this is not permissible. This involves deception, so it is not permissible. The one who determines the profit and calculates it is the market price. Commodities in the market increase in value, meaning they sometimes increase for you and sometimes decrease. Therefore, it is obligatory to sell this commodity at the market price.
Except if the increase is for the sake of deferring payment. It is correct that the price of the commodity is such and such, but this applies to a cash sale. As for a deferred sale, the increase above the current market price is not a problem, provided it is not excessive. It should be reasonable. Yes.
The presenter:
May Allah reward you.
Source
قناة «العلامة الدكتور صالح الفوزان»، اللقاء الأسبوعي-01 من 32-لفضيلة الشيخ صالح بن فوزان الفوزان -حفظه الله- مشروع كبار العلماء — youtube.com (54:24)
The Arabic text is a machine transcription of the audio recording.