Book traversal links for (c) Payment of Late Payment Amount
(c) Payment of Late Payment Amount
No: 43013189 | Date(g): 19/9/2021 | Date(h): 12/2/1443 | Status: In-Force |
Effective from 2021-09-19 - Sep 18 2021
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Any Late Payment Amount received by the Affected Party shall be used to pay any actual costs (not to include any opportunity cost) incurred by it as a result of the late payment of the Unpaid Sum and the remaining amount (if any) shall be donated by the Affected Party (on behalf of the Paying Party) to such registered charitable foundations as the Affected Party may select under the supervision of its Shari'ah board. The Affected Party shall, as soon as reasonably practicable following the request of the Paying Party, provide the Paying Party with documentation evidencing any such donation.