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Fatwa #1526425 May 2007India

Is this fine equal to interest?

Checked by Mufti Ebrahim Desai

Question

If i take a book from a library on 10th of this month, it has to be returned on or before 10th of next month. If i return it only on 20th of next month, i will have to pay  $ 2  as fine. Is this fine equal to interest?

Answer

In the name of Allah, Most Gracious, Most Merciful

Assalaamu `alaykum waRahmatullahi Wabarakatoh

In principle, if you have subscribed to the library, you are bound by the rules that govern your membership. If the rules of the library membership are that you pay a fine for late returns, then you are bound to pay if you return the book late. The fine imposed by the library is not interest.

And Allah knows best 

Checked and Approved by:

Mufti Ebrahim Desai
Darul Iftaa

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