Selling at a profit or at cost
1. I purchased an item for R1. I have the right to sell this item for R1, R10, R20, R50 or at any other price. There is no sin in this. However, if the transaction was settled in a way that the buyer says : ”Make a profit of 10c on the item and sell it to me”, and you say : ”Okay, I will sell it to you after making a profit of 10c on it”, then in such a case it is not permissible for you to make a profit of more than 10c on that item. Alternatively, the buyer says : ”For whatever price you purchased it, add 40c profit to it and sell it to me.” Even in such a case, it will be wajib on you to quote the correct price and it will be harâm to make more than 40c profit. Similarly, if you tell the buyer : ”I will sell this to you at cost and I won’t make any profit from you”, it will not be permissible to make any profit. It will be wâjib to quote the cost price.