Salaams,
format_quote Originally Posted by
786arman
is it islamic to buy the cars for less, then improve the cars and sell for more price
Well, we have to make a profit. The question is, how much? Some people tend to be dishonest in order to make 'better' profits...
format_quote Originally Posted by
786arman
I also know that interest in Islam is haraam, so therefore on all cars on finance i will offer a 0% interest rate
This is an interesting concept, but I see a problem. Money is an ever depreciating asset. Meaning - what you can buy today with an amount will most likely be not enough in time to come. Hence, interest is a way to minimize this. If you are not considering interest, then you will have to figure out a way 'load' that cost (which you will have to bear) elsewhere, if not you will be losing.
Even Islamic bankers are having a headache with this and they circumnavigate this in a manner how they 'transact' through 'akad'. It all still seem devious to me but what can we do when we live in a world governed by these practices.
Peace :shade: