Alqanoni

Civil Transactions Law

Art. 560
Status unknownSaudi ArabiaRegulation

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

1. A contracting party shall be entitled to his share of the profit upon termination of the mudaraba contract, unless the parties agree to assess the mudaraba and distribute the amounts due to each contracting party on specific dates during the mudaraba. Any amounts distributed during the mudaraba shall be deemed profits. 2. A contracting party may not obtain his share of the profit prior to the due date without the consent of the other party. Civil Transactions Law Subsection 3: Termination of Mudaraba Contract

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

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