Alqanoni

Civil Transactions Law

Art. 563
Status unknownSaudi ArabiaRegulation

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

1. A mudaraba agent shall, upon the termination of the mudaraba contract, bring the activities he commenced to a state where the mudaraba capital or profits are not at risk of damage or loss. 2. The mudaraba agent may not, after the termination of the mudaraba contract, dispose of the mudaraba capital. If the capital is in a form other than cash, the agent shall liquidate such capital, unless the agreement or the nature of the dealing between the parties requires otherwise.

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

Freshness not yet recorded

Related articles

Citing judgments

No judgments citing this article have been indexed yet.

Amendment timeline

No amendment history recorded.