Regulatory Alerts2025-01-01
Circular No. 161/2025: Salaries of Al-Quds Open University Employees Borrowers
The Palestine Monetary Authority issued Circular No. 161/2025 instructing all banks operating in Palestine to apply specific employee financing regulations to staff of Al-Quds Open University. This directive follows a formal request from the University President, who announced that salaries for November and December 2025 would be reduced to 75% of the standard amount. Consequently, banks are required to deduct loan installments equivalent to 25% of the disbursed salary, ensuring that total deductions do not exceed 50% of the net amount transferred to the employee's account.
Share