Dr.Monzer Kahf, a prominent economist and counsellor states: “While I think that Shari`ah does not put any limit of the rate of profit, I agree with the stand that sometimes, certain circumstances create an abuse of this rule. Taking the cases of running an agency of umrah and hajj trips as an example, I think there is a lot of monopolistic practices in the matter of running Hajj and `Umrah trips that makes me feel that some serious consideration must be given to tame these practices. Whenever there is a monopolistic practice there is a doubt about revenues derived from them. I wouldn’t like to invest in such practices but I cannot claim that it is haram to do that.”
Profits exceeding 100%: OK?
Did you like this content?
Recommended
Does masturbation break the Fast?
Sexual Intercourse During Ramadan
Kissing One’s Spouse while Fasting
Was Tarawih Prayer Started by Umar?
Does Madhi Break the Fast?
Wet dream during the day in Ramadan
Reading from a book while praying
Shortening and Combining Prayers
Using Mouthwash while Fasting
Getting Married in Ramadan
Top Reading