Did the Shari'ah specify the amount of profit in a sale?
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Question:
We return at the beginning of this episode to the message from our brother, Raziq Allah Salman, from Jordan. We presented one of his questions in a previous episode, and in this episode he says: Some jurists held that it is not permissible for the seller to profit by more than one-third. Did the Shari'ah specify a certain percentage that must not be exceeded?
Answer:
In the name of Allah, the Most Gracious, the Most Merciful. Praise be to Allah, and may Allah send blessings and peace upon the Messenger of Allah, and upon his family and his Companions, and upon those who follow his guidance.
As for the matter, there is no specification of profit in the pure Shari'ah. The statement of those who say that it is limited to one-third is a weak statement with no evidence for it. The correct view is that there is no limit in this regard. However, it is prescribed for the believer to seek the appropriate profit regarding his brother, such that it does not burden him or weigh him down. He should seek in every situation what is appropriate for it. There is no fixed limit. The profit may be five out of ten, it may be five percent, it may be ten percent, it may be more, and it may be less, depending on the circumstances of the one who owes the debt, and depending on the terms, whether short or long, few or many. So the two sellers seek what is in the interest of everyone and ease for everyone. Yes.
The presenter: May Allah reward you with good. If the sale is immediate—Your Eminence, the Shaykh—and not on credit?
The Shaykh: Likewise, even if it is immediate, there is never a fixed limit. Rather, he must not deceive people. If he knows that the price in the market for this item is one riyal, he has no right to sell it for one and a half riyals. Rather, he should make it clear to people that the price is such and such, but I am not selling it to you except for such and such. You can buy from me, or go buy from the other shops. As for deceiving people, where the price in the market is one riyal and he sells it for two riyals, deceiving the ignorant, that is not permissible for him. Rather, he should guide them to the good. Because the believer is the brother of the believer, he guides him. He says: This item is sold in the market for such and such, and I am guiding you to such and such shops. As for me, if he cannot sell it at that price, he says: I am not selling it at that price, I am selling it for such and such. You can buy from me for this amount because it is expensive for me, and it came to me at a high cost. He explains the reasons that lead him to do so.
The point is: that he must not betray his brother or deceive him. So if the prices in the market are cheap and known, like a specific commodity, or a specific food item, or specific vessels that are known, he has no right to deceive his brother by selling it to him for more. Yes.
The presenter: Allah is the One to be sought for help... Allah is the One to be sought for help.
We return at the beginning of this episode to the message from our brother, Raziq Allah Salman, from Jordan. We presented one of his questions in a previous episode, and in this episode he says: Some jurists held that it is not permissible for the seller to profit by more than one-third. Did the Shari'ah specify a certain percentage that must not be exceeded?
Answer:
In the name of Allah, the Most Gracious, the Most Merciful. Praise be to Allah, and may Allah send blessings and peace upon the Messenger of Allah, and upon his family and his Companions, and upon those who follow his guidance.
As for the matter, there is no specification of profit in the pure Shari'ah. The statement of those who say that it is limited to one-third is a weak statement with no evidence for it. The correct view is that there is no limit in this regard. However, it is prescribed for the believer to seek the appropriate profit regarding his brother, such that it does not burden him or weigh him down. He should seek in every situation what is appropriate for it. There is no fixed limit. The profit may be five out of ten, it may be five percent, it may be ten percent, it may be more, and it may be less, depending on the circumstances of the one who owes the debt, and depending on the terms, whether short or long, few or many. So the two sellers seek what is in the interest of everyone and ease for everyone. Yes.
The presenter: May Allah reward you with good. If the sale is immediate—Your Eminence, the Shaykh—and not on credit?
The Shaykh: Likewise, even if it is immediate, there is never a fixed limit. Rather, he must not deceive people. If he knows that the price in the market for this item is one riyal, he has no right to sell it for one and a half riyals. Rather, he should make it clear to people that the price is such and such, but I am not selling it to you except for such and such. You can buy from me, or go buy from the other shops. As for deceiving people, where the price in the market is one riyal and he sells it for two riyals, deceiving the ignorant, that is not permissible for him. Rather, he should guide them to the good. Because the believer is the brother of the believer, he guides him. He says: This item is sold in the market for such and such, and I am guiding you to such and such shops. As for me, if he cannot sell it at that price, he says: I am not selling it at that price, I am selling it for such and such. You can buy from me for this amount because it is expensive for me, and it came to me at a high cost. He explains the reasons that lead him to do so.
The point is: that he must not betray his brother or deceive him. So if the prices in the market are cheap and known, like a specific commodity, or a specific food item, or specific vessels that are known, he has no right to deceive his brother by selling it to him for more.
The Muslim is the brother of the Muslim
المسلم أخو المسلمThe presenter: Allah is the One to be sought for help... Allah is the One to be sought for help.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.