Buying a bond or depositing a guarantee money

Fatawa Question

I have a general contractor's license in the state of California. In order to renew my license I need to purchase a contractor's license bond or I have to make a cash deposit for the amount of $ 7500.0. From an Islamic standpoint can I buy the bond or should I make the cash deposit. Thank you.

Fatwa

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Publication Date

2001-03-26

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-725208

American Psychological Association (APA)

Qahf, Mundhir. 2001-03-26. Buying a bond or depositing a guarantee money. .
https://search.emarefa.net/detail/BIM-725208

Modern Language Association (MLA)

Qahf, Mundhir. Buying a bond or depositing a guarantee money. 2001-03-26.
https://search.emarefa.net/detail/BIM-725208

American Medical Association (AMA)

Qahf, Mundhir. 2001-03-26. Buying a bond or depositing a guarantee money.
https://search.emarefa.net/detail/BIM-725208