The Ruling on Guaranteeing a Bank Loan
Machine translationRead the Arabic original
Question:
My brother took a loan from one of the banks in my name ten years ago, and he has not repaid the loan to this day. I am unable to repay it. Is there anything required of me, given that I did not benefit from this loan?
Answer:
If you are the guarantor for this loan, then you and the bank—the bank demands payment from the guarantor just as it demands it from the one guaranteed. These are legal matters between you and the bank; they are legal matters in which I do not intervene. Why did you delay asking until this time? Why did you not ask before becoming entangled in this matter? However, since you have become entangled with them and they have bound you with a contract, this is a matter of dispute and contention, and its resolution lies with the courts. Yes.
My brother took a loan from one of the banks in my name ten years ago, and he has not repaid the loan to this day. I am unable to repay it. Is there anything required of me, given that I did not benefit from this loan?
Answer:
If you are the guarantor for this loan, then you and the bank—the bank demands payment from the guarantor just as it demands it from the one guaranteed. These are legal matters between you and the bank; they are legal matters in which I do not intervene. Why did you delay asking until this time? Why did you not ask before becoming entangled in this matter? However, since you have become entangled with them and they have bound you with a contract, this is a matter of dispute and contention, and its resolution lies with the courts. Yes.
Source
من اقترض قرضا من البنك باسم أخيه ولم يسدد ؟ — alfawzan.live
The Arabic text is a machine transcription of the audio recording.