Assalamualaikum Warahmatullahi Wabarakaatuh,
I was looking to close my Limited Company. The insolvency company charge an MVL fee plus disimbursements-one being statutory adverts and the other statutory bond. They describe the bond fee as:
‘A compulsory bond needs to be taken out. This provides the directors with security whilst funds are under the control of Clarke Bell. The bond fee is dependent on the assets of the company. (The typical bond fee is between £80 – £240.)’
My knowledge of this area is unfortunately limited so I wanted to check whether it is islamically lawful for me to pay this charge.