What is the legal ruling on leasing a bank guarantee to another company for 10% of its value for one year?
Source: FtawySummarized from the full answer at Ftawy · imported 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.
Summarized from the full answer at Ftawy · imported
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- 141921
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