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Salam. I would like to know about usury. for example if a Muslim has a loan company and he lends a value of 100 and charges 300 in installments would the usury be if he adds extra amounts for days late?
If extra amount is charged for days late, it is considered be Usury and haram.
usury
Question :

Salam. I would like to know about usury. for example if a Muslim has a loan company and he lends a value of 100 and charges 300 in installments would the usury be if he adds extra amounts for days late?

Answer :

If extra amount is charged for days late, it is considered be Usury and haram.