Loan service fees, late payment fees, collection fees : late fee

السؤال

Assalam 'Alaykum Wrahmatullah respected Shaikh, In Sha’ Allah you are in best of health and Iman, Forgive me for taking your time. I have a question that I wanted to ask please. I am enrolled in an Islamic institute and they expect us to pay the fees by the fifth of every month. However, if someone delays paying (which I know is wrong without valid reason) they charge a late fee. I am not comfortable with this late fee thing as I came to know that unless the two parties have agreed beforehand, or are in a construction business, or if it’s issued by a Shari'ah judge then it’s fine but otherwise its Riba. Is that true ? As far as I know when I registered in the institute there was no such agreement or clause. It’s their policy but it was not mentioned anywhere while registering. The late fee is very minimal but money is not, alHamdulillah, the concern but I just want to get clarification whether its Riba or not. Insha'Allah please shed some light on it. JazakAllah Khayr for your time. Wa ‘Alaykum Assalam Wa Rahmatullah

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2010-09-06

التخصصات الرئيسية

العلوم الاقتصادية والمالية وإدارة الأعمال
العلوم المالية و المحاسبية
الدراسات الإسلامية

الموضوعات

• الفقه الإسلامي
• سداد الديون
• الرسوم الإدارية
• الغرامات(عقوبات)
• العمولات

عدد الصفحات

1

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-729940

• APA
• MLA
• AMA