The Difference Between Guarantee and Surety
Machine translationRead the Arabic original
The questioner:
Honorable Shaykh, may Allah grant you success. Are there differences between guarantee (daman) and surety (kafalah)?
The Shaykh:
Yes, you have heard the difference. It may be with money, whereas surety is with persons, not with money. Yes.
The questioner:
And Honorable Shaykh, may Allah grant you success, I gave a surety for a person in an installment company, and he has not paid to this day.
The Shaykh:
But some laypeople use the term "guarantee" for surety. This is not correct. This is surety; that is a guarantee.
The presenter:
Yes,
Honorable Shaykh, may Allah grant you success. Are there differences between guarantee (daman) and surety (kafalah)?
The Shaykh:
Yes, you have heard the difference. It may be with money, whereas surety is with persons, not with money. Yes.
The questioner:
And Honorable Shaykh, may Allah grant you success, I gave a surety for a person in an installment company, and he has not paid to this day.
The Shaykh:
But some laypeople use the term "guarantee" for surety. This is not correct. This is surety; that is a guarantee.
The presenter:
Yes,
Source
الفوزان -أشرطة- شرح زاد المستقنع مع الأسئلة - 054-تكملة الرهن - الضمان - الحوالة - 16-8-23 هـ — archive.org (1:15:03)
The Arabic text is a machine transcription of the audio recording.