Kuwait Court of Cassation principle number 3313

Loans granted by banks. A commercial activity by its nature. Reason therefor. It is a banking transaction, whether or not the borrower is a merchant and whether spent on commercial or civil activities. Consequence thereof. Interest is payable for delay in repayment. - Banking transactions. They are considered commercial activities regardless of the status or intention of the person undertaking them and whatever the purpose for which the loan was allocated. - 559 - Commercial Interest