Regulatory Alerts2018-09-10
Added · Updated
Law No. (9) of 2010 concerning Banks
Law No. (9) of 2010 establishes the regulatory framework for banking in Palestine, defining the Palestine Monetary Authority as the sole authority for licensing, monetary policy, and supervision. It mandates written licensing for all banking activities, sets capital and ownership requirements for local banks, and outlines specific prohibitions on market dominance, real estate holdings, and unsecured credit to non-residents. The law further regulates credit concentration limits, related-party lending, equity investments, and the specific operational permissions and restrictions applicable to Islamic banks.