financial inclusion

Saudi Central Bank slashes banking and payment fees: Here’s all you need to know | World News

SAMA’s new fees guide reduces banking, Mada card, financing, check, transfer, and document fees nationwide/Image: X Saudi Arabia has taken a major step to make banking more affordable and transparent. The Saudi Central Bank, known as SAMA, has unveiled a comprehensive new fees guide for financial institutions. The updated framework slashes customer fees, caps charges […]

UAE opens Shariah-compliant Treasury Sukuk (T-Sukuk) to individual investors for the first time | World News

Previously, Shariah-compliant Treasury Sukuk were available only to institutional investors, restricting access to large-scale financial entities and organizations/ Image:X The UAE is opening government-backed Islamic investments to the public for the first time. Through the new Retail Sukuk initiative, citizens and residents can now invest in Shariah-compliant Treasury Sukuk (T-Sukuk) digitally, gaining access to secure, […]

Saudi Central Bank allows visitors to open bank accounts with visitor ID | World News

The Saudi Central Bank now allows bank accounts to be opened using a verified Visitor ID/Representative Image The Saudi Central Bank (SAMA) has updated its banking regulations to allow visitors to open bank accounts using their Visitor ID, an official document issued by the Ministry of Interior. This move is designed to improve the visitor […]