Intel

Case Summary: Supreme Court (Civil Circuit A) Contestation 370/2021 (Invalidity of Fixed-Profit Agreement Between Individuals)

Post author By admin
Post date April 11, 2022

The Supreme Court held that an agreement between two natural persons where one individual guarantees fixed profits to another constitutes usury (riba) and that such agreement is void for violating public order.

You do not have a valid subscription to view Decree Intel. Decree Intel is a database of Omani legal research material that covers explanatory notes, government entity overviews, and case and fatwa summaries. Decree Intel is a separate subscription from Decree Legislation. Contact us to learn more.

Tags Case and Fatwa Summary