The ruling on the penalty clause that results in loss due to delay in the deadline

The questioner : Yes. The penalty clause, if it says, “If you do not have a warehouse within a year, you have absolutely nothing,”

The Shaykh : This requires consideration because this involves a loss. It is a loss of materials. A loss of materials, and then he has no grace period, for example, if we say that for every month that passes, you must pay such-and-such, it can be accelerated and the amount reduced, but if it is said, “If you do not have anything with you, this is a severe loss,”