Profits exceeding 100%: OK?
Dear Brothers,Alsalmaou Alikoum.A relative of mine works in Ummrah/Hajj business, he rents some hotels in Makkah/Madinah during these seasons and re-sales the units to Hajj/Ummrah travel agencies in Egypt. He re-sales these units in market rates. His profit exceeds 100%, sometimes it reaches 150%. Recently he asked me to invest/work with him, but I have some concerns, basically I know that resale and making money is allowed in Islam, but I feel that the resale of these units and make this much money could be questionable as this way we make Hajj and Um mrah more expensive for people, and some won?t be able to afford them. In the mean time, we resale at market price. So what do you think? Can I invest with him? Is all the money we make will be Halal?, and If so, how much zakat should I?