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Article fifteen

No: 7133/99 Date(g): 3/10/2019 | Date(h): 4/2/1441

Effective from 2019-10-03 - Oct 02 2019
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Taking into account Article (61) of the implementing regulation, A Microfinance Company may grant financing without collateral; or with collateral, taking into account the type and nature of this finance, in accordance with the policies and procedures of risk management approved by the Board of Directors of the Microfinance Company.