عربي
06 ربيع الأول 1444  ,  02 October 2022

Clarification from Iftaa` ... Date Added: 08-09-2022

A Statement on the ... Date Added: 08-09-2022

Statement on Fatwa and ... Date Added: 07-09-2022

Parenting Training Skills Date Added: 01-09-2022

Contemporary Fatwas and ... Date Added: 18-09-2022

To Insulate Yourself from ... Date Added: 13-09-2022

Islamic Economy (An ... Date Added: 12-09-2022

The Impact of COVID-19 ... Date Added: 11-09-2022

Fatawaa


Subject : Ruling on Paying 50Jd Against Loan Transaction Imposed by a Formal Party

Fatwa Number : 2672

Date : 09-09-2012

Classified : Current Financial Issues

Fatwa Type : Search Fatawaa


Question :

What is the ruling on taking a loan from some parties although they deduct 50Jd as administrative fees?



The Answer :

All perfect praise be to Allah, The Lord of The Worlds, and may His peace and blessings be upon our Prophet Muhammad and upon all of his family and companions.

We already have clarified the ruling for the administrative fees imposed on some types of loans as well we mentioned that it is permissible if they were meant to cover the expenses of the employees working on receiving and tracking the status of installment payments without any interest, as been clarified in Fatwa No. (550).

However, imposing the aforementioned fees is prohibited if they included any additional sum, and calling them administrative fees won’t change their usurious nature.

In addition, we (Iftaa’ Dept.) are unable to identify whether the 50Jd is the actual cost of employees’ services or an additional interest; therefore, we advise people to inquire from people who are in charge on the aforementioned loans; consequently, the Sharia ruling is to be clarified based on the latter’s estimation. And Allah knows best.


 







Comments

 

Name *

E. mail Address *

Country

Comment Title *

Comment *

Captcha
 
 

Warning: this window is not dedicated to receive religious questions, but to comment on topics published for the benefit of the site administrators—and not for publication. We are pleased to receive religious questions in the section "Send Your Question". So we apologize to readers for not answering any questions through this window of "Comments" for the sake of work organization. Thank you.