An Analysis of the agreement on delayed Payment Penalty over inflation rate

Many jurists consider receiving money more than the real debt as usury and haram; nevertheless, some of them allow the condition of receiving money as late payment penalty and treat it apart from usury. The legislator’s viewpoint is not clear; however, there is no logical limit for the agreement on receiving such damage, even over inflation rate, since the purpose of this solution is mainly to force the debtor to pay the debt on time without extending the payment. Even some of the viewpoints of Guardian Council allow receiving the foregoing damage conditionally. The credit of such an agreement of the legislator’s viewpoint is problematic and at least challenging because the legislation records, exceptional treatment of the matter specially note 2 article 515 Civil Procedure Code, authorize claiming the late agreement damage as a specific rule by separating late payment damage from general rules for other damages. This indicates that the concept and nature of law still do not allow receiving money over the inflation rate under any title but the stipulated cases, a position which needs correction and clarification.