Using MADA through Internet for Buying Products
| No: 391000075005 | Date(g): 18/3/2018 | Date(h): 2/7/1439 | Status: In-Force |
| Versions (20 versions) |
Effective from Apr 01 2018 - Mar 31 2018
To view other versions open the versions tab on the right
In reference to Central Bank Circular No. (42073079) dated 21/10/1442 H, which includes a list of all amounts exempt from attachment under court orders, and to the Central Bank's receipt of the letter from His Excellency the Deputy Minister of Justice No. (439351559) dated 23/04/1443 H regarding the exemption of amounts deposited by the Ministry of Health for beneficiaries as compensation for residing outside the city for medical treatment from attachment under court orders, considering these amounts fall under Article (21) of the Enforcement Law, which prohibits the attachment or execution against funds related to the debtor's basic needs.
Attached is the updated table for the instructions mentioned above, which includes the amounts deposited by the Ministry of Health for beneficiaries as compensation for residing outside the city for medical treatment, exempt from attachment under court orders, along with its identification code in the Sari system to distinguish it from other transfers.
Amounts Deposited in Customer Accounts Exempt from Attachment Under Court Orders
# | Depositing Entity | Purpose of Deposit | Applicable Percentage for the Client | Identification Code |
1 | Ministry of Municipal and Rural Affairs and Housing | Housing Support | 100% | (Code (SAK) in field 26T and code/SAKANI/ in field 70) |
2 | Social Development Bank | Social Funding | 100% | (Code (SDB) in field 26T and code/SOCIALFUNDING/ in field 70) |
3 | Ministry of Finance | Housing and Living Allowance for Evacuees from the Southern Border | 100% | (Code (SUB) in field 26T and code/SUBSISTENCE/ in field 70) |
4 | Ministry of Human Resources and Social Development | Social Security Pension | 100% | (Code (SSP) in field 26T and code/SOCIALSECURITY/ in field 70) |
5 | Human Resources Development Fund | Hafiz Support | 100% | (Code (HFZ) in field 26T and code/HAFIZ/ in field 70) |
6 | Ministry of Environment, Water and Agriculture | Agricultural Subsidy | 100% | (Code (AGR) in field 26T and code/AGRSUBSIDY/ in field 70) |
7 | Misk Foundation | Financial Support from the Sanad Muhammad bin Salman Program | 100% | (Code (SND) in field 26T and code/SANAD/ in field 70) |
8 | Charitable Organizations | Donations, Grants | 100% | (Code (CHA) in field 26T and code/CHARITY/ in field 70) |
9 | Quran Memorization Schools – Ministry of Education | Allowance for Children Deposited in Parents' Frozen Accounts | 100% | (Code (MOE) in field 26T and code/STUDENTALLOWANCE/ in field 70) |
10 | Maintenance Fund | Maintenance Payments | 100% | (Code (NFQ) in field 26T and code/MAINTENANCE/ in field 70) |
11 | Ministry of Health | Compensation for Residency Outside the City for Medical Treatment | 100% | (Code (MOH) in field 26T and code/TREATMENTCOMPENSATION/ in field 70) |
12 | Ministry of Finance | Monthly Returns | 67% | (Code (BEN) in field 26T and code/MONTHLYBENEFIT/ in field 70) |
13 | General Organization for Social Insurance | Professional Compensation | 67% | (Code (GOS) in field 26T and code/OCCUPATIONALALLOWANCE/ in field 70) |
14 | Ministry of Human Resources and Social Development | Sanad Support | 67% | (Code (SND) in field 26T and code/SANAD/ in field 70) |
In accordance with Central Bank Circular No. (43096118) dated 20/11/1443 H, and given the growth of the e-commerce sector in the Kingdom and the desire to improve the data collection mechanism related to e-commerce, the Central Bank emphasizes the importance of all banks adhering to the operational framework and the technical and operational rules related to the Data Quality improvement project, which was shared with all banks in April 2022 by Saudi Payments Company. Compliance with the following is required:
- First: Completion of all requirements mentioned in the operational framework and the technical and operational rules related to the Data Quality project.
- Second: Commitment to sharing data based on the agreed-upon data transmission mechanisms with Saudi Payments.
All parties must comply with the provisions of the Personal Data Protection Law issued by Royal Decree No. (M/19) dated 09/02/1443 H concerning the preservation, collection, processing, and sharing of personal data.