Guarantees

   Question:
 The bank purchases  cars from the car agency, and then sells them to clients thru Murabaha, and the cars agency is the guarantor for on behalf of the client  who will buy the car in the repayment of the debt if the clients did not pay, noting that the client was unaware of this guarantee, Is this guarantee correct? .
Fatwa:
This guarantee  is correct, it does not require knowledge of the client, because the guarantor is a donor.

 

Question:

Is it permissible for the auto companies guarantees the bank's clients deduct money from the client in return for what they will pay on his behalf for the payment delay and for the follow-up and prosecution.

Fatwa:
Originally it is illegitimate to take payment for the guarantee  was the withheld amounts are actual expenses then the guarantor may collect it from the client.


Question:
What the legitimate   ruling on the case of if the client requests a letter  of guarantee (bank guarantee) covered with real estate value the guarantee value? And how the fees are?.

Fatwa:
In the case where the client  request a letter of guarantee (bank guarantee) covered with mortgages real estate equivalent to the market value of the sponsorship, then considers this letter of guarantee as not covered, because the mortgage is a debit document, and cannot be a cover for the letter of guarantee, and then the fees is estimated according to the approved segments of the Sharia Supervisory Board.

Question: Is it permissible to consider mortgage as a cover for bailouts so that it is as a cash cover? .
Fatwa:

Mortgage can be a cover for guarantees, provided that the client  entrusts the bank to sell the mortgaged property.


Question:
What the legitimate ruling on the case if the client requests a letter of guarantee (bank guarantee) covered by the fact that the client's commercial reputation is of high level? and how fees are?

Fatwa:
The letter of guarantee covered by the fact that the reputation of the client's commercial reputation is of high level, the letter of guarantee is considered  not covered in terms of legitimacy, and therefore the fees for the letter is estimated according to the approved sements of the Sharia Supervisory Board.

Question:
The Bank offers some clients ceilings of the facility and be one of the collaterals  is a bank guarantee, here the client issues the guarantee from non-Islamic bank in some cases, is their any legitimate obstacle  to accept this guarantee? Does  the bank must require his clients who offer such a guarantee to be issued by an Islamic bank?
Fatwa:
  The Bank may accept the guarantee  issued by an non-Islamic bank to its client, and not considers the legitimate basis on which the guarantee was issued from non-Islamic bank, accordingly, because the duty of the bank is considering the legality of the deal between him and his client, and is realized in his case.