The ruling on taking compensation for guaranteeing a debt
Machine translationRead the Arabic original
The questioner:
May Allah be ahead of you. It has spread among people, or guaranteeing it for a fee.
The Shaykh:
Why?
The questioner:
That the guarantor… I am doing you a favor; it is not appropriate.
The Shaykh:
An amount of such-and-such.
The questioner:
And such-and-such, so what is the concern there?
The Shaykh:
This is not permissible. Guaranteeing is a contract of kindness; guaranteeing is a contract of kindness. It is not intended for a wage, and it is not permissible to take compensation for it. Also, if he pays off the debt for you and then demands it from you later, and he has already taken compensation, this would be a livelihood. He pays off the debt for you as a loan, then demands it from you and you pay it to him, even though he took compensation from you; this is riba (usury or interest). Yes.
May Allah be ahead of you. It has spread among people, or guaranteeing it for a fee.
The Shaykh:
Why?
The questioner:
That the guarantor… I am doing you a favor; it is not appropriate.
The Shaykh:
An amount of such-and-such.
The questioner:
And such-and-such, so what is the concern there?
The Shaykh:
This is not permissible. Guaranteeing is a contract of kindness; guaranteeing is a contract of kindness. It is not intended for a wage, and it is not permissible to take compensation for it. Also, if he pays off the debt for you and then demands it from you later, and he has already taken compensation, this would be a livelihood. He pays off the debt for you as a loan, then demands it from you and you pay it to him, even though he took compensation from you; this is riba (usury or interest). Yes.
Source
شرح زاد المستقنع [65] — alfawzan.live (1:11:20)
The Arabic text is a machine transcription of the audio recording.