Kuwait Court of Cassation principle number 597

Commercial banks. Their nature: they are institutions whose principal business is accepting deposits for use in banking operations. Law 32 of 1968 concerning Currency, the Central Bank of Kuwait, and the Banking Profession.(¿) - Practicing the banking profession. The criterion for its permissibility. By institutions taking the form of joint-stock companies whose incorporation decree authorizes them to do so. Contravention thereof. Its effect: the absolute nullity of every agreement contravening this, because it pertains to public policy.