Alqanoni

Article Eleven: Confidentiality of Information

Art. Eleven
Status unknownSaudi ArabiaRegulation

Issued by Saudi Central Bank (SAMA) Rulebook

Committee members are obligated to maintain the confidentiality of internal information obtained during the performance of their duties and must not misuse it. Confidential or sensitive information acquired by any committee member during their work must not be used in any way that may harm the finance company. Without prejudice to the above, the committee’s disclosure of information to SAMA for the purpose of informing it of any violations by the finance company of Shariah principles and rulings is not considered a breach of the principle of confidentiality.

The Arabic text is the legally binding version. The English translation is provided for guidance only.

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