22 March 2023
01 Ramadhaan 1444
عربي
Article 33 Starting Date: 29/03/2009
When the debt is paid, the creditor shall deliver to the sponsor the relevant documentation to enable him exercise his right of recourse to the original debtor, and if such debt is guaranteed against pledged or endowed movable property, the creditor shall waive his rights or transfer them to the sponsor. Where the debt is guaranteed against a real security, the creditor shall pursue the relevant procedures to transfer such security to the sponsor, shall bear the expenses involved therein, and may have recourse to the sponsored debtor in respect thereof