Home » Hanafi Fiqh » Muftionline.co.za » Can I Charge a Late Payment Penalty for Renting Out My Property?

Can I Charge a Late Payment Penalty for Renting Out My Property?

Answered as per Hanafi Fiqh by Muftionline.co.za

Q: I am an owner of a property which I lease or rent out. Can I charge a penalty for late payments of rental e.g. R100 for everyday late?

Bismillaah

A: No. This is pure riba and interest. Save yourself from this widespread severe curse.

And Allah Ta’ala (الله تعالى) knows best.

وَأَحَلَّ اللَّهُ الْبَيْعَ وَحَرَّمَ الرِّبَا (البقرة 275)

الربا هو الفضل المستحق لأحد المتعاقدين في المعاوضة الخالي عن عوض شرط فيه (هدايه 3/78)

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

Read answers with similar topics: