Q: My child attends an islamic school. They recieved a note saying that if school fees are not paid by a certain date then an amount will be charged daily and the account will be handed over. Is this money they will charge daily after the cut off date permissible?
A: The extra money charged after the cut-off date is impermissible.
وَأَحَلَّ اللَّـهُ الْبَيْعَ وَحَرَّمَ الرِّبَا (البقرة 275)
الربا هو الفضل المستحق لأحد المتعاقدين في المعاوضة الخالي عن عوض شرط فيه (هدايه 3/78)
Answered by:
Mufti Zakaria Makada
Checked & Approved:
Mufti Ebrahim Salejee (Isipingo Beach)