Fatwaa ID: 1368
Is exorbitant profit in Islam allowed ?
In the Name of Allaah, the Most Gracious, the Most Merciful.
As-salaamu ‘alaykum wa-rahmatullaahi wa-barakaatuh.
The Shari’ah encourages an open market. It has not placed any restrictions on how much profit a person can earn. There is no such thing as “exorbitant”. As long as the buyer and seller agree on a price and there is no hoarding of essentials, lying or deception, the transaction will be valid. The profits therefrom will be halaal.
And Allaah Ta’aala knows best.
Mufti Muajul I. Chowdhury
Darul Iftaa New York
12/09/1444 AH – 06/27/2023 CE | 433
وصل اللهم وسلم وبارك على سيدنا محمد وعلى ءاله وصحبه أجمعين
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