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The Promissory Note For Personal Loan is a crucial document in Qatar's personal lending landscape, designed to create a legally binding obligation while respecting both civil law and Islamic finance principles. This document is typically used when an individual borrows money from a bank, financial institution, or another party, and needs to provide a formal, written promise of repayment. The note must comply with Qatar's Civil Code (Law No. 22 of 2004) and the Qatar Central Bank regulations, while also adhering to Sharia principles regarding financial transactions. It includes essential details such as the loan amount, repayment schedule, profit rate (if applicable), and terms of payment. The document's format and content are specifically structured to ensure enforceability in Qatar courts while maintaining compliance with local banking regulations and Islamic finance requirements.

1. Identification of Parties: Full legal names, addresses, and identification details of the maker (borrower) and payee (lender)

2. Promise to Pay: Unconditional promise to pay, stating the exact amount in both numbers and words

3. Payment Terms: Specific details about payment amount, payment schedule, and maturity date

4. Interest/Profit Rate: Statement of profit rate (using Sharia-compliant terminology) if applicable

5. Place of Payment: Specific location or method where payment should be made

6. Date and Place of Execution: Date when and place where the promissory note is signed

7. Maker's Signature: Space for borrower's signature and authentication