What is the legal ruling on leasing a bank guarantee to another company for 10% of its value for one year?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible for the guarantor of a bank guarantee to transfer it to another person, whether temporarily or permanently, but it is not permissible for him to take compensation for it. The guarantee is among the contracts of facilitation (irfaq), not compensatory exchanges (mu'awadat). Suretyship (kafala) is a gratuitous contract intended for facilitation and benevolence, and it is not permissible to take compensation for it, because it resembles a loan that draws benefit.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/141921
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 141921
- 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