UAE Civil Transactions Law

Article 670

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

1. The Mudaraba contract shall terminate upon the death of either of the contracting parties, their interdiction, insolvency, or the initiation of liquidation proceedings against them. 2. If the Mudaraba contract terminates upon the death of the mudarib, their heirs, if they have the legal capacity, or their representative, provided that they are aware of the Mudaraba, shall promptly inform the capital provider of the death of their decedent and take the measures required by the circumstances to preserve the capital.

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