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Service Charge Taken by Interest-free Loan Foundations

Q: What is the ruling concerning service charges taken by the interest-free loan foundations?

A: Service charges are taken to cover foundations expenditures. Therefore, foundation authorities should calculate service charges so that they are just enough to cover current foundation expenses, like water, electricity, employees’ salary, etc. Yet if an amount remains extra, spending it is to be determined by the foundation authorities.

871 View | 02-04-2014 | 13:48


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