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Affidavit Of Assets And Liabilities For Non Agrarian Deponents for Saudi Arabia

Affidavit Of Assets And Liabilities For Non Agrarian Deponents Template for Saudi Arabia

An Affidavit of Assets and Liabilities for Non Agrarian Deponents is a legally binding document used in Saudi Arabia where an individual declares their complete financial position under oath. The document follows Saudi Arabian legal requirements, including compliance with Sharia law principles, and must be executed before authorized officials. It provides a comprehensive overview of the deponent's financial status, including all assets, liabilities, income sources, and financial obligations, specifically excluding agricultural holdings. The document serves as an official record for various legal and financial purposes within the Saudi Arabian jurisdiction.

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What is a Affidavit Of Assets And Liabilities For Non Agrarian Deponents?

The Affidavit of Assets and Liabilities for Non Agrarian Deponents is a crucial legal instrument within the Saudi Arabian legal framework, typically required for various financial and legal proceedings. This document is commonly used in divorce proceedings, business transactions, loan applications, court cases, or when required by government authorities. It provides a detailed and sworn statement of an individual's financial position, excluding agricultural assets, and must comply with both civil law requirements and Sharia principles. The affidavit includes comprehensive information about personal assets, real estate holdings, financial investments, business interests, and all forms of liabilities. It serves as an official record that can be relied upon by courts, financial institutions, and government bodies within Saudi Arabia.

What sections should be included in a Affidavit Of Assets And Liabilities For Non Agrarian Deponents?

1. Declaration and Identification: Formal declaration of the deponent including full legal name, ID/Iqama number, address, and statement of truth under Islamic law

2. Purpose of Affidavit: Statement explaining the purpose and context for which the affidavit is being made

3. Personal Information: Detailed personal information including marital status, dependents, and employment status

4. Real Estate Assets: Declaration of all owned real estate properties including residential, commercial, and land within Saudi Arabia

5. Financial Assets: Details of bank accounts, investments, stocks, bonds, and Islamic financial instruments

6. Vehicle and Personal Property: List of vehicles, valuable personal possessions, and other significant movable assets

7. Business Interests: Declaration of ownership in businesses, partnerships, and commercial ventures

8. Financial Liabilities: All outstanding debts, loans, mortgages, and other financial obligations

9. Income Sources: Declaration of all sources of regular income including salary, investments, and rental income

10. Verification Statement: Final statement confirming the truthfulness of the declaration with Islamic oath

What sections are optional to include in a Affidavit Of Assets And Liabilities For Non Agrarian Deponents?

1. International Assets: Section for declaring assets held outside Saudi Arabia, required if the deponent has foreign investments or properties

2. Inheritance and Gifts: Declaration of assets received through inheritance or gifts, required if such assets exist

3. Contingent Liabilities: Section for potential financial obligations or guarantees provided to others, included if applicable

4. Islamic Financial Instruments: Detailed section for Shariah-compliant financial instruments and investments, required if holding such assets

5. Intellectual Property: Section for declaring intellectual property rights and related assets, included if applicable

What schedules should be included in a Affidavit Of Assets And Liabilities For Non Agrarian Deponents?

1. Schedule A - Real Estate Details: Detailed listing of all real estate properties including title deeds, location, and current market value

2. Schedule B - Bank Account Details: Comprehensive list of all bank accounts with account numbers and current balances

3. Schedule C - Investment Portfolio: Detailed breakdown of all investments including stocks, bonds, and Islamic financial instruments

4. Schedule D - Business Ownership Documentation: Details of business ownership including company registration documents and shareholding patterns

5. Schedule E - Liability Documentation: Copies of loan agreements, mortgage documents, and other liability-related documentation

6. Appendix 1 - Supporting Documents: Copies of relevant supporting documents including property deeds, vehicle registration, and business licenses

7. Appendix 2 - Valuation Reports: Professional valuation reports for significant assets where applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Saudi Arabia

Publisher

Ƶ

Document Type

Affidavit

Cost

Free to use
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