Regulatory Alerts2025-01-01
Circular No. 4: Isra and Mi'raj Holiday
The Palestine Monetary Authority, through Circular No. 4/2025 issued by Governor Yahya Shtai, mandates the suspension of banking operations on Monday, 27 January 2025, in observance of the Isra and Mi'raj holiday. This directive, grounded in Article 73 of Banking Law No. 9 (2010) and a Cabinet decision, applies to all banks operating throughout Palestine. The circular also distributes copies to the Capital Market Authority, Palestine Exchange, Palestinian Deposits Guarantee Fund, and Financial Monitoring Unit for record.
Palestine Monetary Authority
Circular No. 4/2025 To all banks operating in Palestine Date: Thursday, 16 January 2025
Subject: Isra and Mi'raj Holiday
Based on the provisions of Article No. (73) of Banking Law No. (9) of 2010, and pursuant to the decision of the esteemed Cabinet, it has been decided to suspend banking operations on Monday, 27 January 2025, in observance of the Isra and Mi'raj holiday.
On this blessed occasion, I pray to God that He may return it to our nation with its aspirations fulfilled through the establishment of our independent state and its holy capital, Jerusalem.
Yahya Shtai Governor
- Copy to: The Capital Market Authority.
- Copy to: The Palestine Exchange.
- Copy to: The Palestinian Deposits Guarantee Fund.
- Copy to: The Financial Monitoring Unit.