Rushdby O AIRushd by O AI · Debt and settlement templates
A promissory note is a commercial paper in which its drawer promises to pay a fixed sum of money to another person or to their order; it is governed by the Commercial Papers Law, whose Article 87 sets its required particulars. A release is a written acknowledgment in which a creditor confirms that they have received all or part of what they are owed, closing the claim or part of it.
Written by the O AI editorial team from the official texts. Last reviewed:
This page is general information, current as of October 2026. It is not legal advice: have a licensed lawyer review any document before you rely on it.
A promissory note is an unconditional written promise in which the drawer undertakes to pay a fixed sum of money to the payee or to their order on a set date. Because it is a commercial paper, the Commercial Papers Law requires a specific form, and a note missing one of the required particulars is not a promissory note, except in the cases Article 88 sets out.
Promissory notes are now issued electronically through the Nafith platform, and they can also be on paper. Either way, a promissory note is an executive instrument whose enforcement is requested from the Enforcement Court through Najiz if it is not paid; a new Enforcement Law came into force in October 2026, so check its official text for the conditions and time limits.
Article 87 of the Commercial Papers Law sets seven particulars a promissory note contains, and Article 88 deals with a note missing some of them: a note with no maturity date is payable on sight, and one with no place of payment is payable at its place of creation.
| Particular | What to write | Source |
|---|---|---|
| Order clause | The words «سند لأمر» (promissory note) or the order clause in the body of the note, in the language it is written in | Article 87 |
| Promise to pay | An unconditional promise to pay a fixed sum of money | Article 87 |
| Maturity date | The date of payment; otherwise it is payable on sight | Articles 87 and 88 |
| Place of payment | Where it is paid; otherwise the place of creation is the place of payment | Articles 87 and 88 |
| Payee | The name of the person to be paid, or to their order | Article 87 |
| Date and place of creation | The date and place the note is created | Articles 87 and 88 |
| Signature | The signature of the person who creates the note (the drawer) | Article 87 |
A release is a creditor's written acknowledgment that they have received a specific sum or right from the debtor. It is final if the creditor acknowledges receiving everything owed under that obligation, with nothing left, and partial if they received part and the rest remains owed by the debtor.
No provision governs the release on its own, as one does for the promissory note: it is proof that an obligation was performed, under the general rules of the Civil Transactions Law and the Evidence Law. So the precision of its wording decides its effect. An end-of-service release between an employee and an employer has rules in the Labour Law to check before it is written.
Sample structure
Headings and blank fields in square brackets. This structure is not a valid promissory note or release, and an electronic note is issued through the Nafith platform.
Sample structure: headings and placeholder fields, not a completed legal document
«سند لأمر» (promissory note)
I, [drawer's name], [ID number], promise to pay to the order of [payee's name] the sum of [amount in figures and words]
Maturity date: [date] Place of payment: [place]
Date of creation: [date] Place of creation: [place]
Drawer's signature: [signature]
I, [creditor's name], [ID number], acknowledge that I have received from [debtor's name], [ID number]
the sum of [amount in figures and words] for [the specific obligation: contract, invoice or note]
on [date] by [payment method]
[ ] Final release: nothing remains owed to me under this obligation
[ ] Partial release: the remaining [amount] is to be paid on [date]
Creditor's signature: [signature] Date: [date]
Before you file or sign
FAQ
Article 87 of the Commercial Papers Law sets them: the words «سند لأمر» or the order clause, an unconditional promise to pay a fixed sum, the maturity date, the place of payment, the payee's name, the date and place of creation, and the drawer's signature.
Under Article 88 of the Commercial Papers Law, a note with no maturity date is payable on sight, and one with no place of payment is treated as payable at its place of creation.
Yes. Promissory notes are issued electronically through the Nafith platform, and if one is not paid, its enforcement is requested before the Enforcement Court just as for a paper note.
In a final release the creditor acknowledges receiving everything owed under the specific obligation, with nothing left. In a partial release they acknowledge receiving only part, the rest remains owed by the debtor, and its amount and payment date are written in.
Open a case in Rushd for each claim or enforcement file, and keep the note, the release and their documents in it.
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