Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3289

State of Kuwait · Commercial and Labour — Volume 9 · Ministry of Justice — Court of Cassation — Technical Office

English translation of the principle

The loan. A commercial act by its nature because it is among banking transactions on which interest may be charged.
Arabic original
القرض. عملاً تجارياً بطبيعته لكونه من معاملات البنوك التي يجوز تقاضي فائدة عنها.
Original Arabic judgment citations

(الطعن ٢٦٦/١٩٩٠ تجاري جلسة ٢٧/١/١٩٩٢ مج القسم الثالث - المجلد الثالث ص ٤٩٨)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 555. PDF pages: 555.

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