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Relevant Laws and Instructions

Effective from 2018-05-16 - May 16 2018
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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.