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The question

Is the late payment penalty in a real estate installment purchase contract, which the buyer can avoid signing and merely initial, considered a deception?

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

Stipulating a financial penalty on the buyer for delaying the payment of installments due is a forbidden and void usurious condition. It is not permissible to accept it or fulfill it, whether it was a pre-condition or not. As for not signing and merely writing initials to indicate rejection, this matter should be referred to specialists to determine whether it constitutes acceptance or not.

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
195930
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