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Authorization For Credit Card Use for Saudi Arabia

Authorization For Credit Card Use Template for Saudi Arabia

A formal authorization document compliant with Saudi Arabian banking regulations and Sharia law principles, designed to legally permit a designated individual to use a credit card owned by another party. The document establishes the terms, conditions, and limitations of card usage while protecting the interests of both the primary cardholder and the authorized user. It includes specific provisions required by Saudi Arabian banking authorities (SAMA), incorporates necessary consumer protection elements, and ensures compliance with Islamic banking principles regarding financial transactions and delegation of payment authority.

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Authorization For Credit Card Use

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What is a Authorization For Credit Card Use?

The Authorization For Credit Card Use document is essential in situations where a credit card holder needs to formally authorize another person to use their credit card in Saudi Arabia. This document is commonly used in both personal and business contexts, such as authorizing family members, business associates, or employees to use a credit card. It must comply with Saudi Central Bank (SAMA) regulations, Islamic banking principles, and consumer protection laws. The authorization typically includes specific details about the credit card, authorized user's information, usage limitations, duration of authorization, and both parties' responsibilities. This document helps prevent unauthorized use, establishes clear accountability, and provides legal protection for all parties involved while ensuring compliance with Saudi Arabian banking and Sharia law requirements.

What sections should be included in a Authorization For Credit Card Use?

1. Parties: Identification of the primary cardholder and the person being authorized to use the card, including full legal names, national ID numbers, and contact information

2. Background: Brief context explaining the purpose of the authorization and relationship between the parties

3. Definitions: Key terms used in the document including 'Credit Card', 'Authorized User', 'Credit Limit', and other relevant banking terms

4. Authorization Grant: Explicit permission given by the primary cardholder to the authorized user, including the specific credit card details

5. Usage Terms and Limitations: Specific conditions under which the card may be used, including any spending limits or restricted categories

6. Duration of Authorization: Time period for which the authorization is valid, including start date and expiration date if applicable

7. Responsibilities and Obligations: Duties of both the primary cardholder and authorized user, including payment obligations and reporting requirements

8. Termination: Conditions and process for ending the authorization arrangement

9. Governing Law and Jurisdiction: Statement of applicable Saudi Arabian laws and Islamic banking principles governing the authorization

What sections are optional to include in a Authorization For Credit Card Use?

1. Emergency Contact Procedures: Used when the authorized user will be traveling or using the card in specific circumstances requiring special contact protocols

2. International Usage: Include when the card may be used outside Saudi Arabia, specifying additional terms for international transactions

3. Special Restrictions: Added when specific limitations on purchases or merchant categories need to be defined

4. Digital Payment Platforms: Include when authorization extends to use of the credit card on digital payment platforms or mobile wallets

What schedules should be included in a Authorization For Credit Card Use?

1. Schedule A - Credit Card Details: Specific information about the credit card being authorized, including card number (last 4 digits only), issuing bank, and type of card

2. Schedule B - Authorized Transaction Limits: Detailed breakdown of spending limits, including daily, monthly, or per-transaction limits if applicable

3. Appendix 1 - Authorized User Identification: Copies or details of authorized user's identification documents as required by Saudi banking regulations

4. Appendix 2 - Bank Notification Form: Standard form required by the issuing bank to register an authorized user

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Saudi Arabia

Publisher

Genie AI

Document Type

Authorization Form

Cost

Free to use
Relevant legal definitions

























Clauses























Relevant Industries

Banking & Financial Services

Corporate Services

Retail

Healthcare

Education

Travel & Hospitality

Professional Services

Family Services

Business Services

Islamic Banking

Relevant Teams

Legal

Finance

Compliance

Administration

Treasury

Accounts Payable

Human Resources

Risk Management

Corporate Services

Islamic Banking

Relevant Roles

Finance Manager

Compliance Officer

Legal Counsel

Corporate Secretary

Administrative Assistant

Executive Assistant

Treasury Manager

Accounts Payable Manager

HR Manager

Office Manager

Risk Management Officer

Islamic Banking Specialist

Corporate Services Manager

Family Office Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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