Remittance must not exceed sender’s income

Updated 31 July 2016

Remittance must not exceed sender’s income

JEDDAH: A new mechanism is being planned that would compare remittances with the senders’ incomes.
The first of its kind project is the brainchild of the Finance Ministry, the Saudi Arabian Monetary Agency and other relevant bodies.
It aims to control the transfers as authorities detected that thousands of foreign workers transfer amounts that exceed their incomes. These incomes might be the result of concealed, even criminal, actions, said sources.
They said the new regulation, now under consideration, will be launched soon and will contribute to limiting labor market irregularities and violations that increase the illegal income of expatriates.
Any income obtained by foreign workers will be linked with banks, without exception, through a unified network.

Saudi efforts to promote tolerance, moderation lauded

Updated 23 July 2019

Saudi efforts to promote tolerance, moderation lauded

RIYADH: The rector of the Islamic University of Brussels hailed Saudi efforts to promote moderate Islam, reject extremism, fight against terrorism, serve the religion and its followers, and respond to aberrant ideologies that have harmed the Muslim world.

Dr. Mustafa Khader Donmez also praised the programs carried out by the Saudi Ministry of Islamic Affairs, Dawah and Guidance.

“The Kingdom has established specialized scientific, educational and media institutions, called for the unity of the Islamic nation, and cooperated with all that strengthens the nation’s unity and preserves its security,” he said.

“Saudi Arabia has been holding conferences inside and outside the Kingdom, to which it invited scholars and specialists, in cooperation with regional and international bodies to promote Islamic tolerance and address the causes of extremism and terrorism.”

Donmez said the Kingdom has invited Islamic institutions and international bodies to implement programs and events that fight extremism and condemn terrorism.

“The Kingdom is keen to promote international peace and communication between cultures and the followers of different religions through calling for interreligious and intercultural dialogue, a domain in which the Kingdom has been a pioneer,” he added.

Saudi Arabia “has taken the lead in spending for this purpose as it is in line with its high status on the Islamic and international levels,” he said. SPA Riyadh