Resources for Muslim Writers: Late Fees in Islam (Again)

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Tuesday, May 12, 2009

Late Fees in Islam (Again)

Yesterday, I posted an article indicating that late fees might be permissible in some circumstances. Today, I happened to be revisiting this topic and found an opposing view at IslamWeb.com. According to the scholar at IslamWeb:

Charging late fees is pure Riba. So, it is absolutely forbidden by the Sharia.

(Riba means interest or usury, which is prohibited in Islam).

As I said yesterday, financial matters are sensitive in Islam...so it would be wise to consult with people of knowledge before implementing fees of this type.

1 comment:

Br00ke said...: Thank you so much for posting this!; August 7, 2010 at 9:40 AM