Questions & Answers
Questions & Answers
3 available 3 • View allA friend borrowed money with interest and now refuses to repay. What to do?




2
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.





Dec 4, 2023
291
I took a loan from a friend and paid him in cash. He filed a police complaint for the money. What to do?




1
Q: I took a friendly loan amounting to 3000 from my friend 3 years back, which I paid back a few days ago in cash as he was a friend.
Now, he is in desperate need of money and wants me to sell data to which I said no and I started avoiding taking his calls or answering him on WhatsApp.
He kept on asking for the payment which I already paid only a few days back. Now he has filed a police complaint stating mental harassment due to non-payment of the friendly loan.
He is using the WhatsApp messages that were sent before I paid the money.
What can I do now? And do I need to worry?





Nov 23, 2023
483
Recovering a personal loan advanced to a friend

3
Q: I lent AED 90000 to my friend as a personal favour in 2016, to help his business. We agreed without interest on repayment.
I have taken his personal cheque as a security. No agreement made. My friend is not returning the money as agreed.
I want to make a written agreement with my friend now.
Please advise on the procedure for this in the UAE.


Oct 18, 2018
2038
Laws & Regulations
2 available 2 • View allFederal Law No. (5) of 1985 On the Civil Transactions Law of the United Arab Emirates 96
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.
Dec 15, 1985
148625
Federal Law No. (10) of 1992 On Evidence in Civil and Commercial Transactions 14
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.
Jan 15, 1992
19154

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