Chapter 8: Concluding Provisions
Article 36
This article has been amended in accordance with the Royal Decree No. (M/272) dated 04/12/1445H, corresponding to 10/06/2024G. Please refer to the Arabic version of this article to read the last updated version.Companies and establishments engaging in finance activities in the Kingdom, prior to the entry into force of this Law, shall be granted a grace period of two years to comply with the provisions of this Law.
Article 37
Department of Zakat and Income Tax shall issue the criteria necessary for calculating Zakat for finance companies.
Article 38
This Law shall supersede any contradicting provisions.
Article 39
The Governor shall issue the Regulations within 90 days from date of issuance of this Law and shall come into effect upon the Law's entry into force.
Article 40
This Law shall enter into force 90 days from its publication in the Official Gazette.