Delay Fines Imposed by Regulatory Authorities

Delay fines for debts are prohibited by Shariah Law. As for criminal penalties for violating the conditions imposed by the Central Bank of Syria on those who violate its supervisory instructions, they are akin to fines with money and are added to the treasury of the Central Bank of Syria. They are permissible by Shariah Law because the regulatory authorities have the right to regulate the transactions between banks and impose penalties on them.