Who is responsible for repaying the loan to the bank after the company's bankruptcy due to the accountant manager squandering the loan: the good-faith guarantor or the dishonest manager?

The answer comprises two issues:

First: The ruling on guaranteeing a person for a bank loan. This has two scenarios:

1. If the loan is interest-based (riba): Guaranteeing it is not permissible, as it is a form of assisting in usury. Allah the Almighty says: "And cooperate in righteousness and piety, but do not cooperate in sin and aggression." 2. If the loan is interest-free (hasan): There is no harm in guaranteeing it.

Second: Who is responsible for repayment to the bank?

Repayment is obligatory only upon the borrower. However, the creditor has the right to demand payment from the guarantor if the borrower is unable or refuses to pay, as the Prophet (peace be upon him) said: "The guarantor is liable." So, if the creditor demands payment from the guarantor, the guarantor is obligated to pay and then has the right to reclaim the debt from the guaranteed person.