KUWAIT CITY, Aug 31: A Kuwaiti man has filed a lawsuit at the Court of First Instance through Lawyer Nawaf Al-Fuza’e against the Public Institution for Social Security, His Highness the Prime Minister, the National Assembly Speaker and 49 MPs to challenge the opportunity created by the social security institution for citizens to access part of their pension while in active service, which he regards as a loan by usury through which the banks benefit from their clients, reports Al-Anba daily. He demanded the removal of interests while refunding all wrongly made deductions without legal justification since the beginning of the policy, allowing for moral and material loss compensations.
He stressed that audio and visual announcements made claimed that those involved were to benefit from the policy, but in the real sense, the state was only engaging in usury with the knowledge and cooperation of the lawmakers. He reiterated that government exploited the needs of citizens to impose usury on them.
He added a previous report from the parliamentary Committee on Finance concerning amendment to the Social Security Laws revealed that the lawmakers were aware of the required amendments, in line with the provisions of the Sharia against “implicit interest”. The counsel promised to present documents revealing all relevant discussions, remarks and reservations in that regard.