GUARANTEES
Different kind of guarantees are encountered in trade business including bank guarantees, performance guarantees, bid bonds, standby letters of credit, shipping guarantees, etc.
In terms of shariah, providing a financial guarantee comes under the ambit of Kafalah which refers to a contract in which one assumes another’s liability with a recourse. If you are ever required to produce a guarantee, Rizq will act as a guarantor on your behalf as long as the guarantee is being used for a shariah compliant purpose.