Based on Article Eleven and Seventy-nine of the executive regulations for monitoring finance companies, which states that "the financing company shall adopt international accounting standards in preparing its accounts and financial statements".

finance companies must adopt international accounting standards as follows:

First: Finance companies that applied for a license in the capacity of a contributing company shall start adopting international accounting standards beginning from the first quarter of 2015. These companies must submit their annual financial statements to the Central Bank according to international standards starting from the first quarter of 2015, as stipulated in Articles Eleven and Seventy-nine of the executive regulations for monitoring finance companies.

Second: Finance companies that applied for a license in the capacity of a limited liability company shall start adopting international accounting standards beginning from the first quarter of 2015. These companies must submit their annual financial statements to the Central Bank according to international standards starting from the first quarter of 2015, as stipulated in Articles Eleven and Seventy-nine of the executive regulations for monitoring finance companies.

Additional provisions were added in circular number 381000074519 dated 14/07/1438 AH.