Fintech Market Overview

This article does not constitute legal advice.

Smart contracts in Saudi Arabia


The permissibility of self-executed contracts is yet to be regulated by law in Saudi Arabia. As long as an offer, acceptance, and consideration are demonstrated, a contract is valid under Shariah principles. Therefore, we believe smart contracts will be admissible in Saudi Arabia if they follow the same process.1

As far as arbitration is concerned, we believe that self-executed contracts should be subject to the same arbitration laws as conventional contracts. Regardless of the nature of the legal relationship between the parties in dispute, Saudi Arabia's arbitration laws apply to any arbitration.1

Client identification in Saudi Arabia

Fintech in Saudi Arabia

Fintech in other countries

  1. https://thelawreviews.co.uk/title/the-financial-technology-law-review/saudi-arabia