1. The terms and phrases mentioned in these Rules shall have the same meanings stated in the Finance Companies Control Law.
2. The following terms and phrases, wherever mentioned in this document, shall have the meanings assigned to them unless the context otherwise requires:

SAMA: The Saudi Central Bank.

Law: Finance Companies Control Law.

Rules: The Rules Governing BNPL Companies.

BNPL Activity: A type of financing that allows a consumer to purchase goods or services without a term cost payable by the consumer.

BNPL Company: A joint stock company licensed by SAMA to engage in BNPL activity.

Consumer: Beneficiary of the activity

Stores: Sales outlets and places where goods and services are provided.