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The question

Is it Islamically permissible to increase the installments for customers who are late in paying the price of IT devices in installments, by calculating an additional amount for each month of delay?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

It is not permissible to increase installments or impose a late fee on the debtor, because that is usury (riba), which is forbidden. However, if the debtor is solvent and procrastinating, it is permissible to sue him to compel him to pay. A mortgage or a guarantor can be requested at the time of the sale contract to avoid procrastination.

Summarized from the full answer at Ftawy · imported

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Source platform
Ftawy
Original fatwa ID
111696
Imported
Translation status
Source text, unreviewed
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