The Loan Acknowledgement Receipt is a crucial document in the United Arab Emirates' lending landscape, used to formally document the receipt of borrowed funds and establish the fundamental terms of the lending arrangement. This document is essential in both personal and commercial contexts, serving as evidence of the loan transaction and protecting the interests of both parties. It should comply with UAE Civil Code requirements and, where applicable, Islamic finance principles. The receipt typically includes the loan amount, payment terms, parties' details, and signatures, making it a legally binding document under UAE law. While simpler than a full loan agreement, the Loan Acknowledgement Receipt is often used alongside other lending documents to create a comprehensive record of the transaction. It's particularly important in situations where formal loan agreements might not be practical or necessary, such as in personal loans or short-term business financing.

1. Date and Location: The date of loan disbursement and receipt, and location where the transaction took place

2. Parties' Information: Full legal names, Emirates ID numbers, and contact details of both the lender and borrower

3. Loan Details: Specific amount received, currency, and form of disbursement (cash, bank transfer, etc.)

4. Purpose of Loan: Brief statement of the intended use of the loan funds

5. Repayment Terms: Agreed repayment date(s), method of repayment, and any applicable interest rate in compliance with UAE law

6. Acknowledgment Statement: Clear statement confirming receipt of funds and agreement to repay

7. Signatures: Space for both parties to sign, with witness provisions if required