Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 1528

State of Kuwait · Civil Matters — Volume 11 · Ministry of Justice — Court of Cassation — Technical Office

English translation of the principle

Default interest. The basis of entitlement thereto. The debt must arise from a commercial obligation or a commercial act. Absence of this character or act. Its effect. Prohibition of claiming interest, as constituting usury prohibited under Sharia. Article 305 of the Civil Code. - 290 - Obligation
Arabic original
الفوائد التأخيرية. مناط استحقاقها. أن يكون الدين ناشئاً عن التزام تجاري أو عمل تجاري. تخلف هذا الوصف أو العمل. أثره. حظر المطالبة بالفوائد باعتباره من الربا المحرم شرعاً. م ٣٠٥ مدني. - ٢٩٠ - التزام
Original Arabic judgment citations

(الطعن ١٥٣٢/٢٠٠٧ تجاري جلسة ٢٤/٤/٢٠١١ مجلة القضاء والقانون - س ٣٩ ج ٢ ص ٤٦)

Source: Court of Cassation legal principles collection — Civil Matters — Volume 11 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 290. PDF pages: 290.

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