Alqanoni

Civil Transactions Law

Art. 556
Status unknownSaudi ArabiaRegulation

Issued by Ministry of Investment (misa.gov.sa)

1. A mudaraba agent may not commingle the mudaraba capital with his own property, nor deliver such capital to a third party for the purpose of mudaraba, unless accepted according to custom or the capital owner authorizes him to act at his discretion. 2. In cases where the mudaraba agent is authorized to commingle the mudaraba capital with his own property, the profit shall be calculated pro rata to the commingled capital and shall be distributed among the contracting parties in accordance with the provisions of this Section.

The Arabic text is the legally binding version. The English translation is provided for guidance only.

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