The Promissory Note via Nafith: The Practical Guide to the Fastest Route to Collection

Why the Promissory Note Is the Fastest Route to Collection

In traditional debt collection, the creditor must file a financial claim, prove the existence of the debt, and wait for a final judgment before being able to enforce. The promissory note shortcuts this path entirely because it is classified as an executive instrument, so it is submitted directly to the execution court without the litigation stage.

• An executive instrument in itself: it needs no prior judgment to establish the debt.
• Electronic issuance and storage through Nafith reduces disputes over the validity of the signature or amount.
• Near-instant referral to the execution court upon non-payment at the due date.
• It opens the door to coercive enforcement measures such as seizure and travel bans directly.

Required Data in the Note

For the note to be valid and enforceable, it must include essential data. Any missing item may weaken the note or open the door to the debtor's objection, so make sure it is complete before issuance.

• An express, unconditional undertaking to pay a specified sum of money.
• The amount of the note in figures and words, with the currency specified.
• The maturity date (a fixed date or on demand).
• The name of the beneficiary (creditor) to whom or to whose order payment is made.
• The issuer's (debtor's) data: name, identity, and contact details.
• The date and place of the note's creation and the issuer's signature.

Creating the Note Electronically via Nafith Step by Step

1. Log in to the Nafith platform through the Unified National Access to verify your identity as the creditor (beneficiary).
2. Choose to create a new promissory note and select the type of beneficiary (individual or entity).
3. Enter the debtor's (issuer's) data including name, ID number, and contact method so the signing request is sent to them.
4. Enter the note amount in figures and words, the maturity date, and any agreed payment terms.
5. Review the draft note to confirm all data is correct before sending.
6. Send the note to the debtor, who receives a notification to sign it electronically through Nafith after verifying their identity.
7. After the debtor signs, the note is issued, stored electronically, and becomes ready for collection or referral to enforcement when the term falls due.

What Happens If the Debtor Defaults

If the maturity date arrives and the debtor does not pay, you can refer the note directly to the execution court through the Najiz or Nafith portal without filing a lawsuit. The court orders the debtor to pay within a grace period, and if no payment is made, coercive enforcement measures begin.

• Seizure of the debtor's bank accounts and financial balances.
• Banning the debtor from travel until the debt is paid or settled.
• Seizure and sale of movable and immovable assets and property.
• Suspension of government services linked to the debtor as determined by the Enforcement Law.

Practical Tips to Protect Your Right

• Request a promissory note whenever you grant any deferral or installment in payment, and make it part of your commercial agreement.
• Make sure the amount in words exactly matches the amount in figures to avoid any dispute.
• Keep any document proving the cause of the debt (invoice or contract) to support your position if the debtor objects.
• Move to refer the note for enforcement as soon as default occurs, since delay adds no strength to the note and may complicate collection.

Frequently asked questions