There is a great deal of debate concerning the fee which an agent may take, whether it should be 2.5 per cent or 5 per cent. What is the fee according to sharee’ah, or should it be according to the agreement between the seller and the agent?
0 / 0
6,58930/04/2010
What is the fee when a sale is made?
Question: 13960
Answer
Praise be to Allah, and peace and blessings be upon the Messenger of Allah and his family.
If there is an agreement between the seller and purchaser that a certain amount should be taken from the seller, the purchaser or both, then that is permissible. There is no set rate for the fee, rather whatever is agreed upon with the one who is to pay the fee is permissible. But it should be within the limits of whatever is customary among the people so that the agent will be paid in return for his efforts in negotiating and completing the transaction between the seller and purchaser, and it should not adversely affect either the seller or purchaser by charging more than is usual.
Was this answer helpful?
Source:
Fataawa al-Lajnah al-Daa’imah li’l-Buhooth al-‘Ilmiyyah wa’l-Ifta, part 13, p. 130
Our newsletter
To join our newsletter please add your email below
IslamQA App
For a quick access to our content and offline browsing
