What is the ideal percentage of profit for a clothing business based on Islamic principles?

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Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 1 year ago

It depends in your local market profit margin but it should not harm the needy people who need the cloth but can’t afford the high price. The Hadeeth say: Sell if you get any profit إذا ربحت فَبِع .

It is good to consider the financial abilities of people when you add your percentage to sell.

There is Hadeeth from Imam Jafar Al-Sadiq (AS) when rejected taking high profit from a businessman who took money from the Imam for business and returned the capital with high profit. Imam refused taking the high percentage of profit and took the capital back.

Wassalam.