Doha: The Supreme Judiciary Council (SJC) has signed a five-year Memorandum of Understanding (MoU) with Qatar National Bank (QNB) to develop mechanisms for depositing and disbursing funds related to lawsuits, judicial decisions, and rulings, aiming to expedite all related financial transactions through advanced electronic banking systems.
The MoU focuses on improving the management and swift handling of lawsuit funds, aligning with the SJC’s objective to speed up the execution of judicial rulings.
Vice President of the Enforcement Court, Judge Mohammed Khalifa Al Kuwari, highlighted that the court is actively reorganizing all enforcement procedures in line with the new enforcement law set to take effect in November. He emphasized the court’s commitment to enhancing the mechanisms for executing judgments with greater quality, efficiency, and speed, ensuring that litigants’ rights are upheld once judgments are issued and ensuring effective enforcement.
He further explained that the court is implementing a co
mprehensive development plan, which includes improving the processes for depositing and disbursing court deposits. He noted that the recently signed agreement is one of the innovative initiatives that the court is pursuing to organize and simplify payment and disbursement procedures, utilizing advanced technological solutions and specialized expertise offered by the bank.
Director of auctions and evictions at the Enforcement Court, Othman Al Hamoud, highlighted that the partnership with QNB reflects the Council’s belief in the banking sector’s role in facilitating smooth and secure money transfers for litigants.
He added that, with the extensive expertise and technological advancements in the banking sector, the court aims to facilitate and support the process of depositing and disbursing financial claims between parties, as determined by final judgments, by leveraging the capabilities and services provided by the strategic partner, QNB.
Othman Al Hamoud pointed out that this agreement will elevate the pro
cess of executing financial claims from judgments to a higher level of speed and quality, ensuring improved access and enhanced security. This will lead to quicker implementation of judgments and a smoother process for litigants. He explained that, under this agreement, both parties will collaborate in executing banking transactions related to legal cases, providing banking support, and supplying the necessary banking information systems to ensure prompt deposit, transfer, and disbursement of funds.
General Manager of Corporate and Institutional Banking Services at QNB Group, Khaled Al Sada, pointed out that, through this memorandum and the ensuing partnership, the bank will provide functional support and banking services. It will also offer an advanced electronic banking system compatible with court trust management information systems, services, and programs. Additionally, it will ensure seamless electronic integration, contributing to the strengthening of legal procedures, facilitating the execution of fi
nancial transactions for various legal cases, and expediting the transfer and disbursement of funds to rightful beneficiaries.
The terms of the memorandum include the bank implementing necessary updates to the banking system, applications, programs, and websites, as well as providing technical support. Furthermore, the bank will develop financial procedures to protect against cyberattacks and establish all necessary security measures, ensuring that network components and devices meet safety and security standards.
To achieve the desired outcomes, all transactions will be subject to comprehensive and detailed monitoring. Accurate reports and statements on account activities will be provided, along with SMS notifications for all parties involved in the transaction. This will minimize the occurrence of unknown funds and offer a dedicated hotline to address any inquiries and resolve any challenges that may arise during the financial process.
These services are expected to be launched soon and will be available
24/7. They will include electronic payment orders from one party to another, the development of check issuance and collection services at the court trust management, instant account deposits, financial reconciliation between case accounts, direct debit services from client accounts (only cancelable by a court order), monthly family expense receipt and transfer services, and the receipt and transfer of expert missions payments.
Source: Qatar News Agency