Bank letter of guarantee, its types and provisions

Abstract

Letter of bank guarantee is one of the most important services that banks provide to their customers, to facilitate local and international transactions, and it is one of the transactions in which dealings are well known, popular among people, and the need for it is greatest. What is the truth about the letter of guarantee? What are its types? What is the ruling on taking the fee for it? That is what I tried in this paper to answer, and I divided the research into an introduction, two papers, and a conclusion. Introduction: Includes a brief introduction to the importance of the topic, and then a research plan. The first topic was devoted to clarifying the image of the letter of guarantee, and indicating its types. As for the second topic, I devoted it to explaining the ruling on taking the fee on the letter of guarantee, and I simplified the sayings of contemporary scholars, and discussed their evidence extensively, and in the conclusion a summary of what I reached regarding the ruling on taking the fee on the letter of guarantee.

Keywords

• fare; provisions; the speech; security; warranty
• types