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The Credit Consent Form is a mandatory document required by Saudi Arabian financial institutions and credit bureaus before conducting credit checks or sharing credit information. It is primarily used when individuals apply for financial products, loans, or credit facilities, ensuring compliance with the Saudi Credit Information Law and SAMA regulations. The form must be completed prior to any credit assessment and typically includes detailed permissions for accessing, processing, and sharing credit history, financial obligations, and personal information. This document is particularly important in the Saudi Arabian context as it must align with both international banking standards and local Shariah requirements. The consent form serves as a legal protection for both the financial institution and the individual, clearly outlining the scope and limitations of information sharing while adhering to Saudi data protection regulations.

1. Parties: Identification of the credit information provider/bank and the individual providing consent (full name, ID number, contact details)

2. Background: Brief context explaining the purpose of the consent form and its relationship to the credit application process

3. Definitions: Key terms used in the document including 'Credit Information', 'Credit Report', 'SIMAH', and other relevant terms

4. Scope of Consent: Detailed description of what information will be collected, accessed, and shared, and with which entities

5. Duration of Consent: Specification of how long the consent remains valid and any conditions for renewal or termination

6. Rights and Obligations: Overview of the individual's rights regarding their credit information and the obligations of the information users

7. Data Protection: Statements regarding how the personal and credit information will be protected and handled

8. Declaration: Final statement confirming understanding and voluntary consent, including Islamic compliance declaration

9. Execution: Signature blocks for all required parties, including date and place of signing