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.
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[Palestine Monetary Authority Logo]
Palestine Monetary Authority
Circular No. (161/2025) To all banks operating in Palestine Date: Tuesday, December 02, 2025
Subject: Salaries of Al-Quds Open University Employees who are Bank Borrowers
Based on the provisions of Instructions No. (2021/25) regarding the handling of installments for employee facilities/financing, and subsequently following the letter from Dr. Ibrahim Al-Shaer, President of Al-Quds Open University, regarding the financial obligations of university employees (attached), banks are requested to apply the provisions of the aforementioned instructions to the employees of Al-Quds Open University in accordance with regulations.
Supervisory Group Palestine Monetary Authority
Copy: The respected Palestinian Expense Fund
www.pma.ps Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 Postal Code: P6160675 | Phone: +970 2 2415215 | Fax: +970 2 2415310 | info@pma.ps
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[Al-Quds Open University Logo]
Al-Quds Open University President's Office Jerusalem - P.O. Box 51800 - Postal Code: P1020036 Tel: 02/5816239 / 5817237 Fax: 02/5816734 Email: presidentoffice@qou.edu
Al-Quds Open University President's Office Jerusalem - P.O. Box 51800 - Postal Code: P1020036 Tel: 02/5817237 - 5816239 Fax: 02/5816734 Email: presidentoffice@qou.edu
Ref: R.J/M.K/ 2238 / 25 Date: 26.11.2025
His Excellency Mr. Yahya Al-Shenar Governor of the Palestine Monetary Authority
Greetings,
We extend our best regards and inform you that Al-Quds Open University has decided to disburse salaries for the months of November and December 2025 at a rate of 75% for all categories, consistent with previous months.
Accordingly, we request that you issue a circular to banks to deduct 25% of the installments of scheduled and due loans for employees who wish to do so, in alignment with the percentage of the salary disbursed. The installment shall not exceed 50% of the salary transferred to the bank account, consistent with public sector employees.
We thank you for your cooperation And accept our highest respect and appreciation
[Signature] Dr. Ibrahim Al-Shaer President of the University
Copy:
- Respected Dr. Vice President for Administrative and Financial Affairs
- Respected Financial Director
- Respected Director of the Human Resources Department
- Respected Workers' Syndicate