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Question : What is exorbitant profit? What is the percentage of profit?

Tags: money, computers & internet, politics & government
Asked by truth exposed, 04 Dec '12 02:24 pm
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Answers (3)

 
1.

Profit from fair means is acceptable, and you must give Zakat out of it
Answered by jameel ahmed, 04 Dec '12 02:28 pm

 
  
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2.

Defrauding is expressed as ghabn in Islamic terminology. It is divided into two as exorbitant ghabn and moderate ghabn. It means defrauding to a large extent and to a small extent because it is difficult to avoid it. Besides, people consent to small differences in price. On the other hand, if the price is too much above the current prices, customers think they are defrauded and do not make the extra price they pay halal to sellers. Therefore, the issue of exorbitant price comes out. The amount of exorbitant (prohibitive) price has been determined by jurisprudence (case-law). According to Hanafis, there is fraud (ghabn) in prices which are too low or too high when compared to evaluations by experts. Nusair ibn Yahya, who is a jurisprudent of Belh, (death 268/881) limited exorbitant fraud to 20% for immovable properties, 10% for live animals and 5% for other movable goods and stated that pricing above or below current prices in the market, exceeding these limits, is considered exorbitan ...more
Source: google search
Answered by anil garg, 04 Dec '12 08:15 pm

 
  
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3.

Profits earned by the seller, is not limited to Sharia, neither the Qur'an nor the Sunnah of the Messenger of Allah, peace and mercy of Allah, nor in the ijma 'of people of knowledge, and we do not know to who or restrict it ..! (Then referred to the question, Sheikh and the word of some jurists in this, then said that this is not Delilah, and we will not transfer because it is a separate issue that needs to be ob'yasnyat)

And in any case, we say, truly, there is no border for profit, because of the generality of the words of Allah: "And Allah has permitted trade", and the generality of His words: ".. except it will be a trade, you are both happy," and when the buyer is satisfied with the price, and bought for her, it is permissible price, even if the seller's profit in it big. O Allah, but to be a buyer of those who do not know the price, uninformed about prices and values, and then the seller can not deceive him, and sell him more than the market price, and not, as some people ...more
Answered by iqbal seth, 04 Dec '12 02:26 pm

 
  
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