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Interest bearing money from a friend. Please helpInterest bearing money from a friend. Please help

ANY »Posted 6 Jun 2019

legal question My sister signed as a guarantor to borrow interest bearing money from her friend.The person who borrowed the money left UAE without repaying the borrowed money. What will happen to my sister? She has no means if repaying it. Please help. Ramadan Kareem

legal answer from lawyer E00304554Dear Questioner,

From the above description I understand that your sister stood as guarantor in a loan. Whether is a loan agreement in existence? If yes please send the same to cloudsdarker at gmail.com for my review. Please note that in UAE no one can lend money for interests without a proper license from the concerned authority.



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