1. Introduction
| No: 45075579 | Date(g): 23/6/2024 | Date(h): 17/12/1445 | Status: In-Force |
Shariʼah Governance Related Disclosure Requirements for the Banks Conducting Shariʼah Compliant Banking is issued by SAMA in exercise of the powers vested in SAMA under the Saudi Central Bank Law issued by the Royal Decree No. M/36 on 11/04/1442H, corresponding to 26 Nov 2020G and the Banking Control Law issued by the Royal Decree No. M/5 on 22/02/1386H corresponding to11 June 1966G and the Implementation Rules for Banking Control Law issued by Ministerial Decision No 3/2149 on 14/10/1406H.
These minimum requirements shall be read together with the Shariʼah Governance Framework for Local Banks Operating in Saudi Arabia issued by SAMA.