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The question

To what extent is the condition valid that obliges the second party in a Murabaha contract to pay a sum of money to charitable organizations if he is late in paying the installments?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

The bank's condition of imposing a penalty for late payment is a matter of scholarly disagreement. Some scholars deem it impermissible, and this is the (ruling) that is adopted, while others consider it permissible.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
135016
Added here
. This is when the answer was added to El Fatwa, not the fatwa's date.
Text
Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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Read the full answer on Ftawy