The Ruling on Doubling a Loan When Repayment Is Delayed
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success. I am from outside this country, and in our country the state has allocated loans for a specified term, but if one does not repay within that specified term, the loan is doubled. Is this transaction permissible?
Answer:
No, this is the riba (usury or interest) of the pre-Islamic age of ignorance (jahiliyyah). This is the riba of the jahiliyyah: either you repay, or you pay interest, as they say.
He says: Honorable Shaykh, may Allah grant you success. I am from outside this country, and in our country the state has allocated loans for a specified term, but if one does not repay within that specified term, the loan is doubled. Is this transaction permissible?
Answer:
No, this is the riba (usury or interest) of the pre-Islamic age of ignorance (jahiliyyah). This is the riba of the jahiliyyah: either you repay, or you pay interest, as they say.
Source
قناة «العلامة الدكتور صالح الفوزان»، [3436/1966] حكم مضاعفة القرض عند تأخير السداد - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.