Performance bonds
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
Questions about this ruling, answered only from the archive with sources.
Where scholars differ, it’s safer to take the more cautious view.
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Source: Darul Ifta Ibn Masood — https://fataawa.co.za/performance-bonds/
Fatawa SA: https://fatawa.co.za/fatwa/ibnmasood-30292
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