Ashfaq® replied on Wednesday, July 20, 2016 09:51 AM Brothers, just to let you know the fine on late payment comes under category of "Interest" according to Shariah rulings. Please do not delay payment of development charges even for one day. Anyways, everyone has his own choice and views. I am not forcing anyone. |
Babar® replied on Wednesday, July 20, 2016 11:32 AM I have a question, if someone is not paying the installments of his 1-kanal plot for complete 3 years, what will be the total amount of delay penalty / surcharge ? |
User_19995® replied on Wednesday, July 20, 2016 11:56 AM 365*3*91=99645 PKR |
SIM replied on Wednesday, July 20, 2016 01:25 PM So no more real estate business in near future |
User_18559® replied on Wednesday, July 20, 2016 01:50 PM @ Ashraf, Total Delay penalty for all installments will be = Rs. 655,200 Development charges after 3 years will be 1,950,000 + 655,200 = Rs. 2,605,200. |
User_18559® replied on Wednesday, July 20, 2016 01:51 PM Sorry above message was in reply of Babar. |
MIT® replied on Wednesday, July 20, 2016 04:01 PM @Ashfaq..What if, one is unable to pay the charges due on time for any reason(s)? Instead of giving your 'fatwa' leave it to the people to decide themselves because each and every sour is responsible for his own deeds. You and myself shall go to our own graves separately. |
Ashfaq® replied on Wednesday, July 20, 2016 05:16 PM @ MIT. Please not I am not a scholar and I didn't give a fatwa. I just shared one ruling and clearly mentioned *everyone has his own choice and views. I am not forcing anyone*. If you don't like it just ignore it. I hope message is clear now. |
Rana786® replied on Wednesday, July 20, 2016 11:20 PM Bahio, I right calculation is as follows. 1st installment pay nahi ki so 91*365 = 33215 for 1 year. 2nd installment pay nahi ki so 91*(365-120) = 22,295 for 1st year. 3rd installment pay nahi ki so 91*(365-240) = 11,375 for 1st year. 4th installment pay nahi ki so 91*(365-360) = 455 for 1st year 2nd year will be the same but you add previous year. |
Farhan_29® replied on Thursday, July 21, 2016 06:49 AM Rana sb second year mai first year ka compound interest bhi pare ga plus the second year fine |