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Programming Interest Calculations Formula in a Software

 

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Dear Mubashir Sb. Assalam o alykum wa rahmatullah wa barakatuh

I am writing this just for a question please answer soonest. Jazak Allah khair.

QUESTION:

By profession, I am a software developer and besides my job I undertake freelance projects. One of my prospect, wanted me to develop an application that they will be selling to banks.

Detail:

The application is actually "Utility Bills Collection System".

HINT: Besides overall confusion, I suspect the Late Payment Surcharge is calculated based on some INTEREST rate.

So the big question is... if I should go for it or better avoid it.

Regards,

Ozair Khalid

November 2010

Dear Brother

Wa alaikum us salam wa Rahmatullah wa Barakatuhu

I'm glad to know that you take care of Allah's commandments. It is a pleasure to receive your email.

Your mail indicates that you are aware about prohibition of interest and also that of providing any aid to that. As far as the Utility Payment System is concerned, it is lawful because it is simply a deal of purchase and sale. What I know about late payment surcharge, it is a one-time penalty and does not fall under the definition of interest. If it is based on days, then it is interest. You can check with the respective staff of your client.

I think calculation of late payment surcharge will be a minor portion of that system. It is better to avoid that minor portion if possible for you. You know your circumstances better than me. If you can avoid that, its OK. If you cannot due to job problem, do your best to avoid and if no way, seek forgiveness from Allah.

wassalaam

Mubashir

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Quranic Arabic Program / Quranic Studies Program / علوم القرآن پروگرام / قرآنی عربی پروگرام/سفرنامہ ترکی/††مسلم دنیا اور ذہنی، فکری اور نفسیاتی غلامی/اسلام میں جسمانی و ذہنی غلامی کے انسداد کی تاریخ ††/تعمیر شخصیت پروگرام/قرآن اور بائبلکے دیس میں/علوم الحدیث: ایک تعارف ††/کتاب الرسالہ: امام شافعی کی اصول فقہ پر پہلی کتاب کا اردو ترجمہ و تلخیص/اسلام اور دور حاضر کی تبدیلیاں ††/ایڈورٹائزنگ کا اخلاقی پہلو سے جائزہ ††/الحاد جدید کے مغربی اور مسلم معاشروں پر اثرات ††/اسلام اور نسلی و قومی امتیاز ††/اپنی شخصیت اور کردار کی تعمیر کیسے کی جائے؟/مایوسی کا علاج کیوں کر ممکن ہے؟/دور جدید میں دعوت دین کا طریق کار ††/اسلام کا خطرہ: محض ایک وہم یا حقیقت/Quranic Concept of Human Life Cycle/Empirical Evidence of Godís Accountability

 

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