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Is It Permissible to Give a Guarantee to a Bank?

Answered by Ustadh Tabraze Azam Question: Assalam alaykum What is ruling on taking a loan by giving gold as security to bank but also paying some amount to the lender/bank till the debt is cleared? Answer: Assalamu alaikum wa rahmatullah, It is permissible to give a guarantee or collateral (rahn) to the creditor if he […]