Q: So my friend asked me to give him a loan of AED 17,000 and he said he would give me interest. I was not aware at the time that interest is not allowed on private loans between individuals. For 5 years he said he would pay me back but he hasn't till now. I only asked him to simply repay me the principal amount and that I don't need any interest at this point. He kept stalling and finally, I was fed up with it and informed him Ill be filing a case. Now he is angry and he threatened me by saying that he will sue me back since interest on personal loans is not allowed. It's like he knew about all this from the start and he coerced me into this. I think his plan all along was to take the loan from me, offer me interest knowing it's not allowed, and then use that excuse not to repay it. He runs several businesses and surely has an idea of corporate laws but I'm just an ignorant employee. Please tell me what I can do in this situation. Will I be able to recover the amount?

Q: Dear Sir/Madam, I gave someone a friendly loan of AED 1800, but it has been eight months and she has refused to pay me back. How should I proceed? Thanks!

Q: Dear Sir/Madam, My friend asked me to give him a loan of 17,000 AED. He said he would give me interest. I was not aware at the time that interest is not allowed on private loans between individuals. For 5 years, he said he would pay me back but he hasn't fulfilled his promise. I have only asked him to simply repay me back the principal amount and that I do not need any interest at this point. He kept stalling and finally, I was fed up with it and informed him I would file a case. Now he is angry and he threatened me that he will sue me back since interest on personal loans is not allowed. It is like he knew about all this from the start and manipulated me into this. I think his plan all along was to take a loan from me, offer me interest knowing it is not allowed, and then use that excuse to not repay it. Please tell me what I can do in this situation. Will I be able to recover the amount? I live in the UAE.

The provisions of this law, promulgating UAE Civil Code, govern the civil transactions in the United Arab Emirates. The commercial transactions remain subject to the laws and regulations applicable in their regard.

The provisions of this law On Evidence in Civil and Commercial Transactions (Law of Evidence) govern evidence in civil and commercial disputes in the UAE.

The provisions of this Federal Decree-Law No. (31) of 2021 Promulgating the Crimes and Penalties Law, known as the "New UAE Penal Code", governs criminal actions in the United Arab Emirates. The New Penal Code repeals the previous UAE Penal Code (Federal Law No. (3) of 1987 Promulgating the Penal Code).