Riba (usury)

[mfirdaus]

Assalamualaykum...

I have a question regarding riba (usury):
Is it consider as riba if I was buying something from someone for a low price such as $20 and then I sell it with a higher price to another person for example 50$.

Thanks
May Allah Bless you

[Imam]

Bismillahir Rahmanir Raheem

Wa'alaykum 'Assalam wa Rahmatullahi wa Barakatuhu


All Praise be to Allah who is the Lord of the Worlds, and may Endless Blessings be showered upon His Most Beloved, and Final Messenger of Islam, Hadrat Muhammad Mustafa Salla Allahu ta'ala 'alayhi wa 'aalihi wa Sallam

No, it is not regarded as riba, if you bought something for $20, and sold it for $50, this is profit, and profit is different to riba. Riba is regarded as being usury, or interest, and since your transaction does not involve usury or interest, it is not regarded as that, but is referred to as profit.


Jazak'allah for your question.





Wallahu A'lamu Biththawaab


M. Waseem Ashrafi