At the end of this course, the participants should be able to:

• Learn about the concept of money, and its functions
• Determine the role of banks in economic development
• Be familiar with the regulations of SAMA and their role
• Dealing with types of bank accounts

Money

• The concept of Money, its conditions, evolution, types of money, and their functions
• Measure the amount of money supplied, and the drivers of demand for money
• The role of banks in creating money

Banks

• banks evolution
• Definition of Banks
• Development of Saudi Bank.
• Role of Banks in Economic Development

SAMA

• Functions of SAMA
• Goals of SAMA
• SAMA Regulatory Areas
• SAMA Means of Regulatory Supervision

Banking Accounts

• Bank account rules
• Current account
• Saving account
• Deposits account
• Deposit certificate

Opening Bank Accounts

• Procedures for opening accounts
• Documentation Required to open a Bank Account
• the power of attorney in banking
• Rights and obligations between the Bank & the Customer
• Dealing with dormant accounts
• Reasons for closing bank accounts

Means of Withdrawals

• Cash Withdrawals by Personal Check.
• regulations and practices, which are related to checks
• Cash Withdrawals by Counter Check
• Pay for Purchases by P.O.S
• Cash Withdrawals by ATM

Other Bank Products

• Transfers
• Demand Drafts
• Standing Orders
• Banking Credit
• Credit Cards
• Documentary Credit
• Letters of Guarantee
• Investment

Islamic Banking

• Concept
• Evolution
• Characteristics
• Forms of Finance.