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Which of the following fees are not not Shari'ah compliant?

Please choose all that apply:

A. Sales people commission fees

B. Investment broker's fees

C. Late fees for utility payment

D. Late fees for rent payment

E. Bank charge fees for late credit card payment

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Question added by Nuridin Islam Diab , Training Manager , Bbusinesss LLE
Date Posted: 2016/04/28
Nuridin Islam Diab
by Nuridin Islam Diab , Training Manager , Bbusinesss LLE

The answer is C, D and E. Those three options are considered debt which we can't charge either interest or late fees on otherwise they will fall under Riba. 

 

For options (A) and (B), they are allowed in Islam. They are considered fees paid to certain experts (sales people or investment brokers) in exchange for specific benefits / services you get from them. 

ghazi Almahadeen
by ghazi Almahadeen , Project Facilitator , Jordan River Foundation

Thanks for the invite .............. Do not increase your answer

Omar Saad Ibrahem Alhamadani
by Omar Saad Ibrahem Alhamadani , Snr. HR & Finance Officer , Sarri Zawetta Company

Thanks

I support your answer my colleague

Mohamed Helal
by Mohamed Helal , Project Manager , GROUP CONSULT INTERNATIONAL

I blindly agree with your answer Mr. Nuridin..its obvious that you are so expert in such field..mashaa ALLAH

Yahia mohamed  Amen Gad
by Yahia mohamed Amen Gad , إدارة - مدرب - , سنابل الأجيال للتعليم والتدريب

Thank you for the invitation was a professor Noureddine said, and I agree with him

I apologize for the answer, I leave the answer to experts specialists in this field that's not my specialty field

C. Late fees for utility payment

D. Late fees for rent payment

E. Bank charge fees for late credit card payment

مها شرف
by مها شرف , معلمة لغة عربية , وزارة التربية السورية

I agree with Mr Nuridin answers, thanks for the invitation. .

Ahmed Mohamed Ayesh Sarkhi
by Ahmed Mohamed Ayesh Sarkhi , Shared Services Supervisor , Saudi Musheera Co. Ltd.

C,d & E options                            .

Hisham Hashim
by Hisham Hashim , Business Development Manager , RAS SERVICES P.L.C

Thanks for the invite. Mashallah, it's good to know more about Islamic banking. Please keep up posting such a relevant questions.

حسين محمد ياسين
by حسين محمد ياسين , Finance Manager , مؤسسة عبد الماجد محمد العمر للمقاولات العامة

agree with answers >>>>>>>>>>>>><<<<<<<<<<<<<<>>>>>>>>>>>

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