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| ![]() Elsabbah Law Firm Recognized in Landmark Media Coverage on Dubai Court Ruling Against Delay InterestAl Emarat Al Youm newspaper following a historic judgment by the Dubai Court of Cassation that prohibits Islamic banks from imposing interest charges on delayed payments.
The ruling, issued by the court's General Assembly, affirmed that charging delay interest conflicts with Sharia principles and is invalid under UAE commercial law. The decision is binding across all levels of the judiciary, setting a unified precedent that strengthens transparency and fairness in Islamic banking. Dr. Elsabbah Ashry, Managing Partner of Elsabbah Law Firm, was featured in the coverage, offering expert legal analysis: "This ruling restores matters to their rightful course. It was concerning to see Islamic banks applying additional charges similar to conventional interest. The judgment reaffirms that financial practices must remain consistent with Sharia and legal frameworks. There are alternative mechanisms that can be applied without imposing prohibited interest." The feature underscored the firm's role as a trusted legal authority in banking disputes, debt recovery, and financial regulation. With offices in Egypt and the UAE, Elsabbah Law Firm has built a reputation for providing clear legal guidance on complex cross-border matters, especially in the banking and financial sectors. About Elsabbah Law Firm With over 30 years of experience and more than 5 billion EGP in recovered claims, Elsabbah Law Firm is a multi-disciplinary practice specializing in banking disputes, debt recovery, corporate litigation, real estate, and commercial law. The firm is recognized as Best Multi-Disciplinary Law Firm 2025 and is committed to safeguarding clients' interests in Egypt, the UAE, and beyond. for more info visit: https://elsabbahlawfirm.com/ End
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