Kuwait Court of Cassation principle number 653

The interest rate, statutory or contractual. It may not exceed 7% in the former case or the rate announced by the Central Bank in the latter. Articles 110 and 111 of the Commercial Code. This concerns public policy. - The maximum contractual interest rate on the Kuwaiti dinar is 10% annually. Article 1 of Central Bank Decision 1 of 1977. Contractual interest rates on foreign currencies are not subject to this maximum, and their rates are determined by agreement of the parties on the basis of interest rates in international financial markets.