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

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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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