The ruling on one who guaranteed a person in an installment company and did not pay
Machine translationRead the Arabic original
Question:
I guaranteed a person in an installment company, and he has not paid to this day. Several years have passed, and the company has not demanded payment from any of us. Is my guarantee for that person considered a debt in my liability or in your liability?
Answer:
As long as you are the guarantor, you are not out of it. Unless the company permits it. If the company permits it and releases the surety from him, there is no harm. But as long as you have committed to the surety, it is obligatory upon you, even if the period is long until the companies pay you.
I guaranteed a person in an installment company, and he has not paid to this day. Several years have passed, and the company has not demanded payment from any of us. Is my guarantee for that person considered a debt in my liability or in your liability?
Answer:
As long as you are the guarantor, you are not out of it. Unless the company permits it. If the company permits it and releases the surety from him, there is no harm. But as long as you have committed to the surety, it is obligatory upon you, even if the period is long until the companies pay you.
Source
الفوزان -أشرطة- شرح زاد المستقنع مع الأسئلة - 054-تكملة الرهن - الضمان - الحوالة - 16-8-23 هـ — archive.org (1:15:50)
The Arabic text is a machine transcription of the audio recording.