Question:-
Are performance bonds permissible? Please check the following link:
https://grow.exim.gov/blog/surety-bonds-for-exporters-what-is-a-performance-bond
Answer:-
Based on the information submitted, performance bonds fall in the category of gambling, hence impermissible.
ALLAH TA’ALA KNOWS BEST!
ANSWERED BY:
Mufti Mohammed Desai
Date: 12 Shabaan 1445 / 23 February 2024
