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.

Department of Zakat and Income Tax shall issue the criteria necessary for calculating Zakat for finance companies.

This Law shall supersede any contradicting provisions.

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.

This Law shall enter into force 90 days from its publication in the Official Gazette.