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اليوم السابع
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اليوم السابع

2026-11-15T09:00:00.000Z

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Trust Receipt Could Mean Jail

Trust Receipt Could Mean Jail

A trust receipt can become a legal risk if signed blank, since the other party may fill in an amount later, potentially exposing the signer to prosecution under Article 341 of the Egyptian Penal Code, which carries a sentence of up to three years in prison. The signer can prove that they did not actually receive the money and that the receipt was intended as security for a civil transaction, but this requires evidence and witnesses. Legal experts advise writing all details and the full amount in the signer’s own handwriting, leaving no blanks, and keeping a copy or documenting the reason for issuing the receipt in a separate contract.

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