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Shariah-Compliant Late Payment Charges by mer is a document available to read on EtoBox.

What is Shariah-Compliant Late Payment Charges about?

The document discusses the introduction of a late payment charge on judgment debts arising from financial transactions in accordance with Shariah, addressing the limitations of previous court rules that did not consider Islamic banking. It highlights the negative impact on Islamic banks due to the prohibition of interest, which led to judgment debtors delaying payments, and outlines the Shariah Advisory Council

Author

mer

Language

EN