Regulatory Alerts2025-01-01
Circular No. 25/2025 Regarding Salaries of Open University of Palestine Employees Borrowers
The Palestine Monetary Authority issued Circular No. 25/2025 instructing banks to apply regulatory guidelines regarding employee loan installments due to irregular salary payments at the Open University of Palestine. This directive follows a letter from the University President confirming that salaries for September and October 2025 will be disbursed at 75% of the standard rate. Consequently, banks are requested to deduct only 25% from employees' scheduled loan installments, ensuring the total deduction does not exceed 50% of the transferred salary.
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[Palestine Monetary Authority Logo]
Palestine Monetary Authority PALESTINE MONETARY AUTHORITY
Circular No. (25 / 2025) To all banks operating in Palestine Date: Sunday, October 05, 2025
Subject: Salaries of Open University of Palestine Employees Borrowers from Banks
Based on the provisions of Instruction No. (25/2021) regarding the handling of employee facilities/financing installments, and subsequently following the letter from Prof. Dr. Ibrahim Al-Shaer / President of the Open University of Palestine regarding the financial obligations of university employees (attached), and given the irregularity of the university employees' salaries, banks are requested to apply the provisions of the aforementioned instructions according to regulations.
Supervisory Group Palestine Monetary Authority
Copy: Prof. Dr. Ibrahim Al-Shaer / President of the Open University of Palestine
www.pma.ps Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 | Ramallah & Al-Bireh Governorate - Palestine P.O. Box Postal Code: P6160675 | Phone: +970 2 2415251 2 | Fax: +970 2 2415310 2 | info@pma.ps
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[Open University of Palestine Logo]
Open University of Palestine President's Office Jerusalem - P.O. Box 51800 - Postal Code: P1020036 Phone: 02 5816239 / 5817237 Fax: 02 5816734 Email: presidentoffice@qou.edu
Ref: M R/J M/ 1760 / 25 Date: 17.9.2025
His Excellency Dr. Yahya Al-Shannar Governor of the Palestine Monetary Authority
Greetings,
We extend our best regards and inform you that the Open University of Palestine has decided to disburse salaries for the months of (September, October) 2025 at 75% for all its categories, consistent with previous months.
Accordingly, we request that you issue a circular to banks to deduct 25% from the scheduled loan installments due from employees who wish to do so, in line with the percentage disbursed from the salary. The installment shall not exceed 50% of the salary transferred to the bank account, consistent with public sector employees.
Thanking you for your cooperation And accepting our highest respect and appreciation
[Signature] Prof. Dr. Ibrahim Al-Shaer University President
[Open University of Palestine Stamp - University President]
Copy:
- Vice President for Administrative and Financial Affairs.
- Financial Director.
- Director of Human Resources Department.
- Workers' Syndicate President.