Responsible Lending Principles for Individual Customers
Issued by SAMA under Circular No. 46538/99 dated 02/09/1439H (17/05/2018),
Amended by SAMA's Circular No. 40694/1 dated 09/09/1439H (24/05/2018).
Note: This translation is provided for guidance. The governing text is the Arabic text.
Relevant Laws and Instructions
SAMA has issued these principles based on the powers vested therein under the relevant laws, regulations, and instructions.
The principles herein should be read in conjunction with the following:
a. Banking Control Law, issued by Saudi Arabia Royal Decree No. M5/1386 dated 22/02/1386H;
b. Finance Companies Control Law, issued by Royal Decree No. M51/1433 dated 13/08/1433H and its Implementing Regulation, issued by H.E. Governor's Decision No. 2/MFC dated 14/04/1434H;
c. Real Estate Finance Law, issued by Saudi Arabia Royal Decree No. M50/1433 dated 13/08/1433H and its Implementing Regulation, issued by H.E. Minister of Finance's Decision No. 1229 dated 10/04/1434H;
d. Finance Lease Law, issued by Saudi Arabia Royal Decree No. M48/1433 dated 13/08/1433H and its Implementing Regulation, issued by H.E. Governor's Decision No. 1/MFC dated 14/04/1434H;
e. The Updated Regulations for Consumer Financing, issued by Saudi Arabia Circular No. 351000116619/1435 dated 10/09/1435H;