Qatar Statutory default interest
Qatar Statutory default interest: no single figure applies. The reason is set out below, cited to the governing instrument. Last checked against the official source on 10 Aug 2026.
Qatar fixes no statutory or legal rate of default interest: Civil Code Art. 268 gives the court a discretionary indemnity for late payment of money, assessed on proved damage, and the Commercial Law contains no legal-interest article.
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| Current value | structured — see the API |
|---|---|
| In force from | — |
| Official source | Civil Code (Law No. 22 of 2004) Art. 268: 'Where the obligation is the payment of money and the obligor fails to make such payment after being notified to do so, and provided that the obligee proves he has incurred damages due to such non-payment, the court may order the obligor to pay indemnity, subject to the requirements of justice' — no rate, no reference series, no percentage anywhere in the Article |
| Last verified | 2026-08-10 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
REFUSAL — Qatar has no statutory interest rate to serve, for civil or commercial debts. The remedy for late payment of a money debt is Civil Code (Law 22/2004) Art. 268: a DISCRETIONARY court indemnity, available only where the creditor is notified-and-proves actual damage, and measured 'subject to the requirements of justice' rather than by any percentage. Qatari law is founded on Islamic Sharia and unagreed interest (riba) is not awarded as of right. COMMERCIAL LAW CONTAINS NO INTEREST ARTICLE: the Trading Regulation Law (Law 27/2006), Part 3 'Commercial Liabilities' (Arts. 74-81), covers joint liability, commercial guarantees, the definition of a commercial loan and grace periods — it fixes no rate. Art. 111 of that Law, sometimes cited for legal interest, in fact concerns goods that fail to match the agreed specification. BETWEEN NON-BANKS interest is not merely unfixed but void: Civil Code Art. 568 annuls any loan term giving the lender 'a benefit greater than the amount agreed in the contract' while leaving the loan itself valid. LICENSED BANKS ARE THE EXCEPTION: QCB Law (Law 13/2012) and Qatar Central Bank instructions let QCB-licensed banks charge contractual interest — a regulatory permission for a class of lender, not a statutory rate for creditors generally. TRAP — THE QFC 5% IS NOT QATARI STATUTORY INTEREST: the Qatar Financial Centre is a separate common-law jurisdiction whose court applies a default compensatory rate of 5% on judgments under its own Practice Direction. That figure binds only QFC-court proceedings and cannot be claimed on a mainland invoice. Court of Cassation practice on contractual default interest has moved between upholding the agreed rate and substituting a lump-sum compensation figure, so no single awarded rate can be stated.
Get it programmatically
curl https://mearef.dev/v1/qa/statutory-interest
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://mearef.dev/v1/qa/statutory-interest/history?from=2020-01-01
# Provenance: curl https://mearef.dev/provenance/qa/statutory-interestOther Qatar series: QCB Deposit Rate (QCBDR) · Value-added tax (VAT) · VAT registration threshold · National non-discriminatory minimum wage · Public holidays · Consumer Price Index (latest month) · Corporate income tax rate · Withholding tax rates · Personal income tax · Statutory social-insurance contributions
The same figure elsewhere: Saudi Arabia · United Arab Emirates · Bahrain · Iraq · Israel · all 9