In exercise of the powers vested upon the Saudi Central Bank (SAMA) under the charter issued by the Royal Decree M/36 on 11-04-1442AH (26 November 2020G) and the Banking Control Law issued by Royal Decree no. M/5 dated 22/2/1386AH (11 June 1966G) and the rules for Enforcing its Provisions issued by Ministerial Decision no.3/2149 on 14-10-1406AH, SAMA is hereby issuing the enclosed Rules on Profit Sharing Investment Accounts (PSIA) aimed to develop the practices followed by banks operating PSIAs. These rules should be read in conjunction with the wider SAMA regulatory framework.