Instructions for Sharia Governance in Financial Market Institutions

Release Date:	1443-11-23
Release Tool:	Councils and commissions decisions
Issuance Instrument Number:	2022-77-3
Validity:	Valid
Summary:	By AI The instructions of the General Panel for the Capital Market in the Kingdom of Saudi Arabia address the legal framework for financial market institutions, having been issued under Decision No. 1442/11/22 AH. The instructions include several chapters related to general provisions, the responsibilities of the Board of Directors and executive management, the formation of the Sharia Committee, its independence, and the confidentiality of information. The aim of the instructions is to enhance Sharia ...

Release Date:

1443-11-23

Release Tool:

Councils and commissions decisions

Issuance Instrument Number:

2022-77-3

Validity:

Valid

Summary:

By AI

The instructions of the General Panel for the Capital Market in the Kingdom of Saudi Arabia address the legal framework for financial market institutions, having been issued under Decision No. 1442/11/22 AH. The instructions include several chapters related to general provisions, the responsibilities of the Board of Directors and executive management, the formation of the Sharia Committee, its independence, and the confidentiality of information. The aim of the instructions is to enhance Sharia ...