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﴿ فَاسْأَلُوا أَهْلَ الذِّكْرِ إِن كُنتُمْ لَا تَعْلَمُونَ ﴾

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What is the ruling on stipulating an increase in the amount if payment is delayed?

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Question:
He says: Honorable Shaykh, may Allah grant you success. I purchased a commercial item on the condition that payment would be made after a specific period. If I delay payment until the following month, he increases the amount owed to me. This agreement was made between us when I received the item. Is there any type of riba (usury or interest) in this?

Answer:
This is invalid. This is invalid because it is changing the debt to burden the one in difficulty. Or it is granting a delay; granting a delay, even to a rich person, in exchange for him paying an increase, this is riba al-nasi'ah (usury of deferment). Riba al-fadl (usury of excess in a like-for-like exchange) and riba al-nasi'ah are not permissible. This is not permissible. Yes.
Source قناة «العلامة الدكتور صالح الفوزان»، [686 -2802] ما حكم اشتراط زيادة المبلغ عند تأخر السداد؟ - الشيخ صالح الفوزان — youtube.com

The Arabic text is a machine transcription of the audio recording.

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