International Journal of

ADVANCED AND APPLIED SCIENCES

EISSN: 2313-3724, Print ISSN: 2313-626X

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 Volume 9, Issue 3 (March 2022), Pages: 111-122

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 Original Research Paper

 Title: Saudi banks’ credit responsibility in the light of Simah company’s credit report

 Author(s): Hani Mohamed Moanes *

 Affiliation(s):

 Department of Law, College of Business Administration, Northern Border University, Arar, Saudi Arabia

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 * Corresponding Author. 

  Corresponding author's ORCID profile: https://orcid.org/0000-0001-5661-3920

 Digital Object Identifier: 

 https://doi.org/10.21833/ijaas.2022.03.013

 Abstract:

The bank seeks to avert responsibility for itself, that responsibility that may arise towards it from several quarters, within the framework of the exercise of one of its functions on the occasion of granting it financing. The person requesting the financing may be asked about his refusal to grant the financing, and he may ask the creditors of the client requesting the financing about the damages caused by that financing to the client’s financial liability, and other cases of the bank’s responsibility. Saudi banks, like other banks, seek to avoid their responsibility for granting credit. Therefore, the Saudi legislator issued the Credit Information Law, according to which Simah Saudi Credit Bureau (SIMAH) was established to provide credit clients with a report that includes much information that is undoubtedly of interest to the credit decision-maker in making his decision to grant financing or not. The study used the comparative analytical method, so that the study addressed an analysis of several judicial rulings, whether Saudi Arabia or issued by the United States of America, in order to show the impact of the credit information report on the responsibility of the bank, in addition, the study reached many recommendations that would affect the responsibility of banks. 

 © 2022 The Authors. Published by IASE.

 This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).

 Keywords: Bank responsibility, Credit information report, Simah Saudi credit bureau (SIMAH), Credit information law

 Article History: Received 8 October 2021, Received in revised form 3 January 2022, Accepted 5 January 2022

 Acknowledgment 

The author gratefully acknowledges the approval and the support of this research study by Grant No.-BA-2017-1—7-F-6955 from the Deanship of Scientific Research at Northern Border University, Arar, KSA.

 Compliance with ethical standards

 Conflict of interest: The author(s) declared no potential conflicts of interest with respect to the research, authorship, and/or publication of this article.

 Citation:

 Moanes HM (2022). Saudi banks’ credit responsibility in the light of Simah company’s credit report. International Journal of Advanced and Applied Sciences, 9(3): 111-122

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