The Difference Between Guarantee and Surety
Machine translationRead the Arabic original
The questioner:
Are there differences between guarantee and surety?
The Shaykh:
Yes, I heard and may Allah grant you success. Guarantee is for money, whereas surety is for persons, not for money. Yes.
The questioner:
And Honorable Shaykh, may Allah grant you success, I made a disclosure in an installment company and it has not been paid off to this day,
The Shaykh:
But some common people refer to guarantee as surety. This is not correct regarding surety; this is a guarantee. Yes.
Are there differences between guarantee and surety?
The Shaykh:
Yes, I heard and may Allah grant you success. Guarantee is for money, whereas surety is for persons, not for money. Yes.
The questioner:
And Honorable Shaykh, may Allah grant you success, I made a disclosure in an installment company and it has not been paid off to this day,
The Shaykh:
But some common people refer to guarantee as surety. This is not correct regarding surety; this is a guarantee. Yes.
Source
شرح زاد المستقنع [52] — alfawzan.live (1:10:44)
The Arabic text is a machine transcription of the audio recording.