The Ruling on a Conditioned Increase in the Repayment of a Loan
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. Some institutions lend you money on the condition that you repay it in monthly installments. If you pay them the monthly or annual installment on the same day agreed upon, for example ten thousand, but if you are delayed by one or two days, you pay twelve thousand, and so on. Is this permissible?
Answer:
No, this is not permissible. A loan does not allow for a conditioned increase. If they lend you money, they are entitled only to the amount of that money. Even if you are delayed in repayment, an increase is not permissible.
Honorable Shaykh, may Allah grant you success. Some institutions lend you money on the condition that you repay it in monthly installments. If you pay them the monthly or annual installment on the same day agreed upon, for example ten thousand, but if you are delayed by one or two days, you pay twelve thousand, and so on. Is this permissible?
Answer:
No, this is not permissible. A loan does not allow for a conditioned increase. If they lend you money, they are entitled only to the amount of that money. Even if you are delayed in repayment, an increase is not permissible.
Source
قناة «العلامة الدكتور صالح الفوزان»، 141/74 شرح زاد المستقنع/ صالح الفوزان — youtube.com (52:24)
The Arabic text is a machine transcription of the audio recording.