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Fees For Suretyship And Agency
Is it permissible to charge fees for both suretyship as well as agency covered in the letter of guarantee?
A letter of guarantee covers both suretyship and agency. It is not lawful to charge a fee for suretyship however it is permissible to charge a fee for agency. Costs for issuing a letter of guarantee include the collection of information about the client and his business, a study of the project for which the guarantee is issued and related expenses customary in such practice.

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