ANSWER:

It is prohibited to give late fee on delayed payments. However, if you had done that unknowingly, you must repent to Allah and never delay it again.

I am currently a university student and every semester the school gives us 1 month to pay the tuition before it accumulates intrest. Every semester I pay the tuition on time but this semester I unknowingly missed a small portion of the tuition which has now accumulated interest. What should I do in this situation.

Halal/Haram Matters, Riba |