However guarantee is a voluntary transaction and no

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However, guarantee is a voluntary transaction and no fee can be charged on a guarantee. If the person who actually lends money cannot charge a fee, how can fee be charged by a person who has merely undertaken to pay and did not pay anything in actual terms? Who can provide a guarantee free of charge? They say that the prohibition of guarantee fee is not based on any specific injunction of the Holy Qur'an or the Sunnah of the Holy Prophet (PBUH). It has been deduced from the prohibition of riba as one of its ancillary consequences. Research needed in this area. 11 Issues in Murabahah Financing
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Default Penalty And if he (the debtor) is short of funds, then he must be given respite until he is well off. (2:280) “The well -off person who delays the payment of his debt, subjects himself to punishment and disgrace.“ Ahadith
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Christopher Reinemann
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