Effective from 2019-12-10 - Dec 09 2019 To view other versions open the versions tab on the right
1.
Without prejudice to these Rules and the relevant instructions issued by SAMA, a Consumer Microfinance Company shall define written finance policies setting out rules and procedures for granting finance including, but not limited to, classification of creditworthiness.
2.
A consumer microfinance company's board shall approve all finance policies and all amendments to policies and provide SAMA with a copy of these policies.
