In Islamic law it is permissible to penalize a debtor who is financially sound but delays payment of debt without any genuine reason. Such act of the debtor is unjust as the Prophet (PBUH) has said, "A rich debtor who delays payment of debt commits Zulm".
Showing posts with label Is it permissible for an Islamic bank to impose penalty for late payment?. Show all posts
Showing posts with label Is it permissible for an Islamic bank to impose penalty for late payment?. Show all posts
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