Skip to main content
Custom print
Download Original PDF

Relevant Laws and Instructions

No: 46538/99

Effective from May 17 2018 - Aug 11 2018
To view other versions open the versions tab on the right

SAMA has issued these principles based on the powers vested therein under the relevant laws, regulations, and instructions. 
 
The principles herein should be read in conjunction with the following: 
 
a.Banking Control Law, issued by Royal Decree No. M/5 dated 22/02/1386H;
 
b.Finance Companies Control Law, issued by Royal Decree No. M/51 dated 13/08/1433H and its Implementing Regulation, issued by H.E. Governor’s Decision No. 2/MFC dated 14/04/1434H;
 
c.Real Estate Finance Law, issued by Royal Decree No. M/50 dated 13/08/1433H and its Implementing Regulation, issued by H.E. Minister of Finance’s Decision No. 1229 dated 10/04/1434H;
 
d.Finance Lease Law, issued by Royal Decree No. M/48 dated 13/08/1433H and its Implementing Regulation, issued by H.E. Governor’s Decision No. 1/MFC dated 14/04/1434H;
 
e.The Updated Regulations for Consumer Financing, issued by Circular No. 351000116619 dated 10/09/1435H;
 
f.Regulations for Issuance and Operations of Credit and Charge Cards issued under Circular No. 361000090389 dated 26/06/1436H;
 
g.Regulations and Procedures for the Process of Payment Collection for Retail Clients, issued by SAMA Circular No. 391000083340 dated 26/07/1439H (12/04/2018);
 
h.Banking Consumer Protection Principles, issued under Circular No. 341000095960 dated 03/08/1434H; and
 
i.Finance Consumer Protection Principles, issued under Circular No. 361000110320 dated 14/08/1436H.