Giving a little extra when paying back a loan

Submitted by user2 on Tue, 2017-03-07 08:26

Q: If a person has a debt owing to another person and they pay them back a little more than they originally owed them, e.g they owed £90 but gave them £100 back, out of nothing more than goodness, is this considered riba? Must the exact amount be paid back?

A: If this is not a practice in vogue and it is not conditional then it is not riba.

And Allah Ta'ala (الله تعالى) knows best.

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

Category:

Business and Dealings›Loans & Debts›Loans

Labels:

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