Regulatory Alerts2016-01-01
Instructions No. (3) of 2016 Concerning the Licensing of Specialized Lending Institutions in Palestine
The Palestine Monetary Authority issued Instructions No. (3) of 2016 to regulate the licensing, permitted activities, and operational requirements for specialized lending institutions in Palestine. The directives establish strict definitions, authorize core lending and Sharia-compliant financing activities while explicitly prohibiting traditional banking services, securities trading, and unauthorized real estate investments. Furthermore, the framework mandates a structured approval process with specific capital deposits, fixed and annual fees, and a 60-day operational commencement deadline following final regulatory approval.
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