• ICP Web

Late Fee

Question: Is the late fee a drug testing company charges if payment wasn’t made on time considered interest? بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم In the name of Allah, the Most Gracious, the Most Merciful

Answer:

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.


An Introduction to Islamic Finance: p. 133 (Quranic Studies Publishers)


Only Allah knows best

Written by Maulana Mohammad Ahsan Osmani Checked and approved by Mufti Mohammed Tosir Miah Darul Ifta Birmingham

2 views0 comments

Recent Posts

See All

Buying and Selling Stocks

Question: I would like to know about the stock. Is stock buy and sell haram or halal? Is stock capitalism? بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم In the name of Allah, the Most Gracious, the Most Mercifu

Al-Rayyan bank

Question: What is the ruling on using al rayan bank for mortgage? If it is not permissible which route can someone take to owning a home in the uk using halal methods? بِسْمِ اللهِ الرَّحْمنِ الرَّحِ

Insurance for losing court case

Question: An investor had purchased an off-plan apartment. To this end, the investor had paid the deposit to Solicitor Firm X. Solicitor X was only supposed to pay the constructor by installments subj

ADDRESS

920 W PFLUGERVILLE PKWY

PFLUGERVILLE, TX 78660

© 2020 by Islamic Center of Pflugerville