Is it permissible to seek assistance from a friend to obtain a bank guarantee letter for the amount of 10,0 pounds for establishing a project, while the applicant for the letter does not possess the required amount to be deposited in the bank?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
A person issuing a letter of guarantee without a real collateral is considered to be lying, deceiving, wrongfully consuming people's wealth, and engaging in forbidden fraud, based on Allah's saying: "And do not consume your properties among yourselves through falsehood."
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/60345
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 60345
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy