Transactions & Dealings >> Business
Question ID: 49876Country: India
Answer ID: 49876
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 185/155/B=03/1435) As purchasing flat in cash is lawful, in the same way purchasing flat on loan is lawful and valid. But you cannot charge extra payment after maturity of the debt period except what was mutually agreed upon. Charging extra amount will be considered as interest.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India