SAMA: 100% exemption from judicial seizure for the entitlements of the families of martyrs
In a significant humanitarian and patriotic step, the Saudi Central Bank (SAMA) issued a circular to all banks and financial institutions operating in the Kingdom of Saudi Arabia, mandating that all funds and checks allocated to the families of martyrs be exempted from all court-ordered seizures and enforcement. This decision aims to strengthen the financial safety net for this cherished segment of the nation's population and ensure that they receive their full allocated support without any deductions.
The Central Bank explained in its statement that this directive is based on Article 21 of the Saudi Enforcement Law, which clearly defines the assets that cannot be seized. This decision was made in direct coordination with the Ministry of Justice to ensure the standardization of procedures and their immediate and effective implementation, reflecting the integration among government entities to serve citizens and protect their rights.
General context and appreciation of sacrifices
The Kingdom of Saudi Arabia, under its wise leadership, places great importance on caring for the families of martyrs who sacrificed their lives for the nation. This decision is an extension of a long-standing policy aimed at providing these families with a dignified and stable life, in recognition of their loved ones' sacrifices. Judicial seizure, a legal procedure intended to ensure the repayment of debts and financial obligations, can significantly impact families' ability to meet their basic needs, especially when it comes to the state support funds allocated to them. Therefore, this exception underscores the special nature of these entitlements, considering them a fundamental right that must not be infringed upon.
The importance and expected impact of the decision
This decision carries significant social and economic dimensions. Domestically, it provides direct financial support to the families of martyrs, granting them stability and peace of mind, and ensuring that government assistance achieves its primary goal of supporting them. It also sends a powerful message to all members of the military and security forces that the state stands with them and guarantees the well-being of their families, thus bolstering morale, loyalty, and patriotism.
This measure is part of a broader social protection system, as the Central Bank has previously approved similar exemptions for other socially-oriented funds, such as housing support, Social Development Bank loans, social security pensions, the Hafiz program, and agricultural subsidies. The inclusion of martyrs' families' entitlements on this list underscores the Kingdom's comprehensive approach to protecting the most vulnerable segments of society.
Implementation mechanism
To activate this decision, beneficiaries from the families of martyrs must submit an official declaration issued by a notary public proving that these sums or checks pertain to their entitlements. The Central Bank has confirmed that this procedure will take effect immediately from the date of issuance of the circular, urging all banks and financial institutions to fully comply with its implementation to ensure the beneficiaries' rights are protected without delay.
