UAE Civil Transactions Law

Article 665

Book Two: Nominate Contracts · Section One: Contracts of Transfer of Ownership · Chapter Six: Mudaraba Contract · Part Two: Effects of the Mudaraba Contract

1. A contracting party is entitled to their share of the profit upon the expiration of the Mudaraba, unless it is agreed to value the Mudaraba and determine the entitlement of each of the contracting parties at specific intervals while the Mudaraba continues, and it shall be presumed that what is distributed during the Mudaraba constitutes profit. 2. A contracting party may not take their share of the profit before it is due without the consent of the other.

WAWhatsAppTGTelegram