AskImamDarul Iftaa Mahmudiyyah (AskImam)
If a person borrows money and repays the loan plus extra as fees with no time restrictions, is this still interest?
Question
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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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