Nafith Platform

The Nafith Platform is a Saudi initiative launched by ‏the Ministry of Justice‏ in the Kingdom of Saudi Arabia. It aims to preserve executive bonds for individuals and businesses by issuing them electronically through an official platform and linking them to the enforcement courts, ensuring the preservation of all rights for the concerned parties. The platform was launched on April 19, 2020.

The Nafith Platform enables individuals, banks, and financial institutions, the education sector, the real estate sector, and the commercial sector to benefit from it. By providing electronic executive bonds, it contributes to the digital transformation plan supporting the achievement of Vision 2030.

The executive bonds encompass decisions and judgments, court orders, commercial papers, judgments endorsed with an enforcement order, authenticated documents, contracts and papers that serve as enforcement documents, ordinary papers with acknowledged content either partially or wholly, and settlement records. In its initial phase, the platform focuses on promissory notes.

The platform aims to provide a service for managing, storing, and organizing electronic executive bonds, ensuring the protection of the rights of the parties involved in commercial transactions. Through its offerings, it contributes to achieving Saudi Vision 2030 by implementing a smart governance strategy.

The platform offers services for managing and organizing electronic executive bonds, ensuring the protection of the rights of all parties involved in commercial transactions, and regulating and safeguarding commercial dealings between individuals and institutions. By linking with the enforcement courts at the Ministry of Justice, it facilitates executive procedures in the courts. Electronic verification is conducted by connecting the electronic executive bonds to the National Single Sign-On system, resulting in the issuance of electronic enforcement documents that comply with the laws in force in the Kingdom and the Enforcement Law. The executive bonds are stored and archived, making them accessible at any time.

The platform allows for the creation and electronic registration of a promissory note, including all its elements as per the approved Law of Commercial Papers. In this note, the debtor commits to paying the borrowed amount on a specified date, a determinable date, or upon demand by the creditor. This process is conducted electronically by the parties involved in the commercial paper.

Documenting a promissory note through the Nafith platform provides immediate electronic linkage between the parties involved and ensures the rights of the issuing parties are protected. It issues a commercial paper electronically with all necessary elements and conditions, preventing rejection due to incomplete information. The platform ensures the preservation of the notes and allows for easy retrieval. It also facilitates electronic linkage with enforcement courts, ensuring transparency and clarity in transactions and reducing disputes related to claims of forgery. Additionally, it encourages early repayment by notifying the debtor before the note is referred to the court.