Regulatory Alerts2025-01-01
Circular No. (130) Mosque Care Committees
The Palestine Monetary Authority issued Circular No. (30/2025) instructing all banks operating in Palestine to fully comply with previous directives facilitating cash deposits and checkbook issuance for Mosque Care Committees in Shekel currency. The directive responds to a formal request from the Ministry of Awqaf and Religious Affairs, which highlighted that some banks' refusal to accept deposits exceeding 10,000 Shekels jeopardizes committee funds and hinders compliance with financial governance standards. Banks are hereby mandated to remove these deposit restrictions and ensure the smooth processing of transactions to safeguard committee assets and enable proper operational fulfillment.
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