Converting the Deposit into a Loan
This page exists in Arabic only at the source.
With regard to the Article 692 of the Civil Code, a deposit turns into a loan, and this loan entails an increase. According to Shariah Law, every increase to the loan is usury. Consequently, a legal, legislative financial and banking committee was established to review the aforementioned article and propose amendments aimed at reformulating it to delineate deposits distinctly from loans, thus eliminating any notion of increased interest.