Document background
The Simple Loan Agreement serves as a fundamental legal instrument for documenting lending arrangements in Qatar, whether for personal, business, or commercial purposes. This document is essential when one party (the lender) agrees to provide financial assistance to another party (the borrower) with specific repayment terms. The agreement must comply with Qatar's Civil Code (Law No. 22 of 2004), particularly Articles 568-585 governing loan contracts, and when applicable, align with Qatar Central Bank regulations and Sharia principles. It's commonly used for straightforward lending arrangements where parties need a clear, legally binding document that outlines the loan terms, obligations, and consequences of default while ensuring enforceability under Qatar law.
