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Ijarah of Consumable
The leased asset should not be a consumable item, like food, whose quantity reduces with consumption, but rather a durable, like machinery or...
 
Situations When Guarantors Are Not Required To Fulfill Contract
Guarantors are not obliged to fulfill a contract on behalf of an obligor unable to do so if either: 1. the obligation is not yet due, o 2. the...
 
Demanding Guarantee
It is permissible for the bank to seek a check of guarantee from the surety upon the receipt of which a letter will be issued to him explaining...
 
Permissibility Of Guaranteed Capital
No. Also conventional life insurance is impermissible. This is not to be confused with the allowance of third-party guarantees which are allowed in...
 
A Fee For Guaranteeing Operation
It is lawful that a fee be paid to a vendor for the inspection of the cars and their repair when they break down. On the other hand, an agreement...
 
Difference Between Guarantee And Pledge
A guarantee is a commitment that is made by one party in a contract whereas a pledge constitutes a fixed asset, reserved for the purpose of...
 


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