The limit of profit in a commodity and the increase for the sake of deferral
Machine translationRead the Arabic original
Question:
And Allah, it is not a recommended act of virtue. He says: Is there a specific limit on the profit in a commodity? For example, 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. So, 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 a means of deceiving the buyer because he is young, a woman, or someone who does not know the commodities, and you take advantage of his ignorance and increase the price beyond the market rate, that is not permissible. This involves oppression and deception, so it is not permissible. What determines the profit and calculates it is the market price. Commodities in the market increase in price, meaning they rise according to the situation, and sometimes they become cheaper. Yes. People sell these commodities in the market. Yes. Except if the increase is for the sake of deferral.
It is true that it is worth such and such in the market, but that applies to a spot sale. As for the deferred sale, the increase over the current market price, where the increase is for the sake of deferral, is permissible, but it must not be exorbitant. It must not be exorbitant; rather, it must be reasonable. Yes.
The presenter:
May Allah reward you,
And Allah, it is not a recommended act of virtue. He says: Is there a specific limit on the profit in a commodity? For example, 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. So, 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 a means of deceiving the buyer because he is young, a woman, or someone who does not know the commodities, and you take advantage of his ignorance and increase the price beyond the market rate, that is not permissible. This involves oppression and deception, so it is not permissible. What determines the profit and calculates it is the market price. Commodities in the market increase in price, meaning they rise according to the situation, and sometimes they become cheaper. Yes. People sell these commodities in the market. Yes. Except if the increase is for the sake of deferral.
It is true that it is worth such and such in the market, but that applies to a spot sale. As for the deferred sale, the increase over the current market price, where the increase is for the sake of deferral, is permissible, but it must not be exorbitant. It must not be exorbitant; rather, it must be reasonable. Yes.
The presenter:
May Allah reward you,
Source
75-اللقاء الأسبوعي مع الشيخ صالح الفوزان - 01 — archive.org (54:24)
The Arabic text is a machine transcription of the audio recording.
