‎Subscription to Sah product starts on Feb. 11, return set at 4.94%

2 days ago · ‎ Individuals will start subscribing to the Octoberissuance of the Shariah-compliant, government-backed savings product (Sah) on Feb. 2.The sukuk are issued by the Ministry of …

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2 days ago · ‎ Individuals will start subscribing to the Octoberissuance of the Shariah-compliant, government-backed savings product (Sah) on Feb. 2.The sukuk are issued by the Ministry of …

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FAQs about ‎Subscription to Sah product starts on Feb. 11, return set at 4.94% Coupon?

Who is a SAH subscriber?

Sah is for Saudi citizens only, who are over the age of 18 years, provided the subscriber has an account with either SNB Capital, AlJazira Capital, Alinma Investment, SAB Invest or Al Rajhi Capital. The allocation is set to take place on Feb. 13, and the redemption period will be on Feb. 18-21 while the redemption amounts will be paid on Feb. 25. ...

What is the minimum subscription rate of SAH?

The minimum subscription rate of Sah is SR1000, which is equivalent to the nominal value, while the maximum subscription limit is SR200000 for the total number of issues per individual during the program period. The annual profit of the bonds will be paid on the maturity date, which will be one calendar year. ...

When is Sah redemption period?

The allocation is set to take place on Feb. 13, and the redemption period will be on Feb. 18-21 while the redemption amounts will be paid on Feb. 25. The NDMC answered a number of queries pertaining to the Sah product. ...

How do I subscribe to SAH?

Also, there is no special application to subscribe to Sah and the subscription is through participating financial institutions. Sukuk holders can request redemption during the periods specified according to the annual calendar published by Sah, and the accumulated profits will not be accrued upon early withdrawal. ...

When can Sah resubmit a returned 2024 application?

o beincomplete; therefore, SAH may resubmit a returned 2024 application using the or nalspace up until December 31, 2024. Any complete app ication received by this date anyincomplete 3.With the elimination of email submissions and in roduction of the PR Portal, IRCC l nolonger issue Pre-return Inf heresubmission o ...

What is Sah & how does it work?

Sah is aimed at raising savings rates among individuals by motivating them to deduct part of their income periodically and set aside it for saving. The product is allocated for individuals with lucrative returns that are offered on a monthly basis, in accordance with the issuance calendar. ...