Interest
2 answers filed under Interest.
Late Fee
Any late fee charged because of not paying one’s debt by the due date is considered interest, thus prohibited. One should ensure they pay their bills on time to avoid paying late fees, which are in actuality interest.
Read the answerIs it permissible to sell any of these plans or insurances ?
Is it permissible to sell any of these plans or insurances: RRSP, RESP, TFSA Pension plans Open investments Universal life insurance Whole life insurance Term insurance Segregated funds Auto insurance Home insurance Mort
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