Can I Sell Items at a Higher Price than What I Bought Them At?

Answered by Shaykh Yusuf Weltch

Question

Can I sell a set of items that I bought at a discounted price individually at a higher price than what I bought them at?

Answer

In the Name of Allah, the Most Merciful and Compassionate

It is permissible to sell the items at any price you wish to determine for them.

However, you should not overprice them to the extent that they are twice the market value without disclosing to the customer that the price has been raised to such an extent.

Mutual Satisfaction

The basis of business transactions is mutual satisfaction. Thus if you offer an item for sale at whatever price and the customer is content with purchasing it at that price the sale is permissible and valid. 

Note that in order to preserve mutual satisfaction one should not conceal any flaws in the item of sale and if the sale is not being done in person (e.g. over the internet) the item for sale should be significantly and clearly described to the potential buyer and the purchase price clearly stipulated. 

[Maydani, al-Lubab fi Sharh al-Kitab]

Hope this helps

Allah knows best

[Shaykh] Yusuf Weltch
Checked and Approved by Shaykh Faraz Rabbani

Shaykh Yusuf Weltch is a teacher of Arabic, Islamic law, and spirituality. After accepting Islam in 2008, he completed four years at the Darul Uloom seminary in New York, where he studied Arabic and the traditional sciences. He then traveled to Tarim, Yemen, where he stayed for three years studying in Dar Al-Mustafa under some of the greatest scholars of our time, including Habib Umar Bin Hafiz, Habib Kadhim al-Saqqaf, and Shaykh Umar al-Khatib. In Tarim, Shaykh Yusuf completed the memorization of the Qur’an and studied beliefs, legal methodology, hadith methodology, Qur’anic exegesis, Islamic history, and several texts on spirituality. He joined the SeekersGuidance faculty in the summer of 2019.