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Is it permissible to take a loan if no interest is charged, but a monthly fee of R10.00 is charged as Admin fees, for the duration of the loan?

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Answer:

It is not permissible.

and Allah Ta’ala Knows Best

Mufti Ebrahim Desai

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This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

Tags: Interest, loan

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