Darul Iftaa Mahmudiyyah

If a person borrows money and repays the loan plus extra as fees with no time restrictions, is this still interest?

· 27 Jumada I 1421 AH1 min readFatwa 246English

Question

The question text was not published separately; the title stands in for it.

If a person borrows money and repays the loan plus extra as fees with no time restrictions, is this still interest?

Answer

The extra amount on the loan will be interest.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai

Answered by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/246
Fatawa SA: https://fatawa.co.za/fatwa/askimam-246

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