Palestine Monetary Authority Circular No. 108: Bank Accounts of Sports Clubs

PALESTINE MONETARY AUTHORITY

Circular No. (108 / 2025)
To all banks operating in Palestine
Date: Tuesday, 02 September, 2025

Subject: Bank Accounts of Sports Clubs

With reference to the correspondence received from the Ministry of Interior and the Supreme Council for Youth and Sports, understandings and arrangements have been made between the two parties regarding the regulation of registration and licensing of sports clubs, as follows:

1. The Supreme Council for Youth and Sports is considered the licensing authority for sports clubs as a professional practice.
2. The Ministry of Interior is considered the authorized entity to register sports clubs and issue letters of approval for the boards of directors of those clubs, as well as their financial committees and authorized signatories.
3. Sports clubs are classified and registered with the Ministry of Interior as community bodies.

Accordingly, it is requested to take the necessary measures for implementation and to reflect this in work procedures.

Supervision Group
Palestine Monetary Authority

Copy:

• To the respected Ministry of Interior.
• To the respected Supreme Council for Youth and Sports.

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Ramallah and Al-Bireh Governorate - Palestine P.O. Box 452 Postal Code: P6160675 | Phone: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps

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