Islamic banks in Kuwait are subject, in terms of Shari’a control over the bank’s business, to the Shari’a Supervisory Board, which is formed within each Islamic bank to monitor the extent to which the bank’s business is in line with…
In documentary credits, the bank must verify the conformity of the documents stipulated in the documentary credit contract to the instructions of the person ordering the opening of the credit, and the bank is not asked if the documents presented…
The relationship between banks and their customers is, according to the principle, subject to the principle of dominion of will, to the effect that it is permissible to agree on the interest rate in loan contracts granted by banks to…
