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Volume :27 Issue : 89 2012      Add To Cart                                                                    Download

Following traditional sayings in the rule of defining profits of merchants

Auther : Dr. Ashraf Mohmoud Oklah Bani Kenanah.


Following traditional sayings in the rule  of defining profits of merchants
Dr. Ashraf Mohmoud Oklah Bani Kenanah.
Prof. Assistant in Fiqh and Usool – Faculty of shari'ah Yarmouk University – Irbid – Hashimite Kingdom Jordan.
     This study tackles an important topic of dealings Fiqh. That is the rule of Limiting profits of traders and merchants. I would like to be informed if Islamic Shari'ah has stated openly or by indication to a certain amount of profit for merchants for their merchandise that they are not allowed to increase. The study showed that scholars had two direct ions in this issue. One direction says that merchants are not limited to a certain amount of profit. They are free to take any profits they fix for themselves even if it were a double or more. On the other hand, there is another direction in which people have to limit their profit within certain proportion that they are not allowed to surpass.
      People of this opinion differed in the certain limit. How much it should be? Some said it should be third others limited it to be sixth, a third party said it should be the same as purchase paid sum or price.
     I tried to deduce from the writings of scholars and found the best sayings to follow was: Shari'ah didn't fix a certain limit of profit for merchants to take but it showed how to deal with profits in a good way, generosity, far from cheating, greed and observe the conditions of people as well as merchants. The governor can price if he sees greed. Some scholars see that the rule can limit prices in time of need or necessity.
 

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