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Implementing Regulations
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Implementing Regulations
Last Updated:2021/06/28 Gregorian
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Implementing Regulations
Chapter one: definitions
first article
The following definitions shall have the same definitions unless otherwise provided:
Regulation
Description
Bank:
Social Development Bank.
Social finance:
Marriage, family, restoration.
Regulation
Social financing regulation.
The Board of directors:
Social Development Bank board of directors.
Financing:
The given financing from the bank to marriage, family or restoration.
Person:
The normal Saudi person in charged.
Family:
Is the family consisting of children and parent with or without one of them.
Income:
Is all what can the individual receives monthly or annually from cash or in-kind.
Marriage Financing:
Is a financing program designed to help the husband alleviate the burden of marriage.
Family Financing:
Is a financing program designed for the head of householder to meet the necessary needs for the family.
Restoration Financing:
Is a financing program designed for restoration, maintenance, repair of structural and emergency defects, for the purpose of additions or necessary modifications for private residential houses.
Head of Householder:
Is the responsible person of taking care and the expenditures on the family such as the father, widow and divorced.
Year:
“hijri” year is the hegira year.
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