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NAFITH Electronic Platform Approved by the Ministry of Justice

No: 41044391 Date(g): 19/2/2020 | Date(h): 25/6/1441

Effective from 2020-02-19 - Feb 18 2020
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Referring to the Executive Bonds Platform "Nafidh" approved by the Ministry of Justice and government entities, which provides the service of issuing and managing executive bonds entirely electronically with ease and convenience.

In line with the central bank's strategy to promote the use of electronic channels to enhance the level of services provided, contributing to achieving Saudi Vision 2030, we would like to inform you that banks and financial institutions can connect to the electronic "Nafidh" platform approved by the Ministry of Justice and benefit from the services offered through it. Please ensure compliance with the instructions issued by the central bank regarding remote account opening, which stipulates that no credit or financing transactions should be conducted without the client visiting the branch.