Thank you for your valuable comments.Qatar is a nice country.I respect people and culture here.I don't have any plans to come here or any other gulf countries in near future.I am not afraid of resigning but I have seen many cases goes not as per planned that's why I am not doing in that way.Another point is I have purchased my own ticket well advance for Nov 15.It is also not written anywhere in the offer letter(I did not sign any contract yet) that company needs guarantor for the first timers vacation.It is just an HR policy to safe their selves from the people going on paid vacation.As I mentioned I will give money to my friend who will be my guarantor and he will submit that money on the ground that I will not come back due to some personal or family issue.company will anyway get their penalty.only doubt or question coming in my mind is will company can touch me legally after doing all these good (to provide guarantor and give their full penalty on time).

Waiting for more clarity on the Issue post you valuable comments

Thank you in Advance.