Shura Council approves draft law on mortgaging movable assets

Doha: The Shura Council held its regular weekly meeting, via video conference, under the chairmanship of Speaker H E Ahmed bin Abdullah bin Zaid Al Mahmoud yesterday, approving a draft law on mortgaging movable assets with amendments.

At the outset of the meeting, the Council discussed the report of the Financial and Economic Affairs Committee on the draft law on mortgaging movable assets.  The draft law includes 9 chapters and 49 articles, which aims to give companies and individuals the opportunity to acquire bank loans guaranteed by mortgaged movables such as equipment, work tools, all kinds of devices, agricultural crops, animals and their products and intellectual rights.