It is important to note that this precedent does not consider the requirements of Islamic finance in accordance with Sharia law. Care should be given to ensure documentation is Sharia compliant throughout the completion of this checklist. For key details on Islamic finance, see PN:"Key Principles of Islamic Finance"-Kuwait.

Guarantee means any guarantee, suretyship, indemnity, bonding liability, letter of comfort or other assurance or security or obligation (including a joint and several obligation) given or undertaken to secure or support the obligations (actual or contingent) of any third party and whether given directly or indirectly or by way of counter indemnity to a third party.