Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Instructions No. (10) of 2021

Regarding the Amendment of Instructions No. (09) of 2021

Pursuant to the provisions of Decision-Law No. (9) of 2010 concerning Banks, and subsequent to Instructions No. (09) of 2021, and in accordance with the powers delegated to us, and in pursuit of the public interest, we have issued the following Instructions:

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Article (1)

Amendment of Article (1) of Instructions No. (09) of 2021

The text of the Article in the original Instructions is replaced with the following: "The provisions of these Instructions shall apply to conventional banks only and shall not apply to Islamic banks licensed by the Monetary Authority to conduct banking business in Palestine."

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Article (3)

Implementation and Enforcement

All competent authorities shall, each within their respective jurisdiction, implement the provisions of these Instructions, which shall apply from the date of their issuance.

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Issued in the city of Ramallah on this day, corresponding to 9/06/2021.

Dr. Firas Malham Governor (Signature)

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Note: www.pma.ps

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