Performance bonds

· 13 Shaʻban 1445 AH1 min readEnglish
Transaction And Trade

Question

Are performance bonds permissible? Please check the following link:

https://grow.exim.gov/blog/surety-bonds-for-exporters-what-is-a-performance-bond

Answer

Based on the information submitted, performance bonds fall in the category of gambling, hence impermissible.

Answered by
Mufti Mohammed Desai
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