International Journal of Accounting and Management Sciences (IJAMS)
DOI https://www.doi.org/10.56830/IJAMSSI01202513
Author
Abdulmohsen Eid Alqahtani
Ashjan Khalis Alzuhairi
Abstract
This research aims to clarify and analyze the legal framework for banking operations in the Kingdom of Saudi Arabia, the obligations of banks operating in the Kingdom, the rules that govern the banking and monetary system in the Kingdom, the importance and basics of banking operations in each country and its economy, and I will explain the characteristics of banking operations, their types, methods of settling banking disputes, and the system that governs them. The researcher followed The analytical and descriptive approach, and the study concluded with several results and recommendations.: Most important results: First, Banking operations have existed since ancient times and are necessary for any civilization that wants to flourish, whether in the industrial, agricultural, commercial, or other fields. Second, I see that banking operations are one of the topics of private law that develop steadily and rapidly with any new technological development. Third, One of the first topics that the Saudi regulator was interested in setting legislative rules for is banking operations, as the Banking Control System was issued in the year 1386 AH. Fourth, The intensity of supervision and expansion of the powers of the Central Bank to supervise and control banks operating in the Kingdom due to the importance of banks and banking operations, as it is imperative for the Central Bank to ensure that these banks follow the monetary and banking policy in the Kingdom of Saudi Arabia.
keywords: History of banks, development of banks, legal system for banking operations in the Kingdom, types of banking operations, characteristics of banking operations
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