Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 3500

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

English translation of the principle

Default interest, statutory or contractual. Its criterion. The debt must arise from a commercial obligation or a commercial act. Claiming it is prohibited if the debt is civil, and any agreement to the contrary is void. Rationale therefor. Its being regarded as usury prohibited under Sharia. The judgment's departure therefrom. Its effect.
Arabic original
الفوائد التأخيرية قانونية أو اتفاقية. مناطها. أن يكون الدين ناشئاً عن التزام تجاري أو عمل تجاري. حظر المطالبة بها إذا كان الدين مدنياً ويبطل كل اتفاق يخالف ذلك. عله ذلك. اعتبارها من الربا المحرم شرعاً. مخالفة الحكم ذلك. أثره.
Original Arabic judgment citations

(الطعن ٦٤٨/٢٠٠٠ تجاري جلسة ٢٥/١١/٢٠٠١ مج القسم الرابع - المجلد الثاني ص ٤٢٠)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 591. PDF pages: 591.

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