Kuwait Court of Cassation principle number 704

The legislature's specification of the activities exchange companies are licensed to undertake and its prohibition on their carrying on banking activities, including accepting bank deposits. The Minister of Finance's decision concerning subjecting exchange companies to Central Bank supervision. The general and unrestricted wording of deposits therein. Its implication. It extends to all cash deposits and their forms, including those allocated to a loan or a particular transaction. The purpose of this prohibition. Protecting a general economic interest pertaining to public policy. The effect of violating it. Absolute nullity. Example.