Book traversal links for 2. Objectives
2. Objectives
No: 44012303 | Date(g): 11/9/2022 | Date(h): 15/2/1444 |
Effective from Mar 01 2023 - Feb 28 2023
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The objectives of these rules are to provide the minimum requirements to be met by banks in Saudi Arabia that offer PSIA products. The rules aims to enhance consumer protection, transparency and financial stability in the banking sector whilst also ensuring compliance with Shari’ah principles in the operation of PSIAs.