Bank guarantee is an instrument which business partners can use to strengthen and/or secure an obligation in their contract.

We offer bank guarantee under Kafalah contract. Kafalah is a contract in which a third party becomes a surety i.e. provides guarantee for the payment of debt on behalf of the debtor.

It is a pledge given by a third party to a creditor to the effect that if the debtor defaults in payment of the debt, it will be paid by such third party as kafeel i.e. Surety.