Kuwait Court of Cassation principle number 3340

Agreement to increase interest above the rates announced by the Central Bank. Impermissible. Contravention thereof. Its effect. Reduction to the limit prescribed by the Bank’s decision. - Contractual interest exceeding the Central Bank’s rates. The court of merits may, of its own motion, reduce it to the rate prescribed by the Bank. This concerns public policy. - A commission or benefit obtained by the creditor that is not matched by a genuine benefit is considered concealed interest.