An accurate product emblem for presidency devices for people
Tomorrow, Sunday, September 07, 2025, the participation within the issuance of the month of September for an accurate product for presidency devices and allotted to people, which is a securities suitable with Islamic legislation issued by the federal government of the Kingdom of Saudi Arabia by means of the Ministry of Finance and is organized by means of the Nationwide Heart for Faith Administration.
The speed of return was decided at 4.88%, and the allocation will probably be on September 16, whereas the restoration interval will probably be from September 21 to September 24, and the restoration quantities will probably be paid on September 29.
An accurate product is allotted to people with rewarding returns which might be offered month-to-month in keeping with the analysis of the variations, and the interval of saving for one 12 months is with a hard and fast return and the disposal of the income due on the finish of the age of the instrument (the date of the entitlement).
The producer is devoted to Saudi and Saudi ladies solely people who’re over the age of 18, supplied that the subscriber has an account in one of many monetary establishments (Al -Ahly Monetary Firm, Al -Jazeera Monetary Markets Firm, Al -Demma Funding Firm, the primary Saudi Financial institution, and Al -Rajhi Monetary Firm).
The product is characterised by offering rewarding returns, authorities supporters, low dangers, along with the convenience of subscription, and there are not any restrictions on restoration, as it’s with out charges.
The product goals to allow people with higher monetary planning for the long run, rising the share of people who save periodically, offering a protected financial savings methodology and rising provide of financial savings merchandise, and enhancing a tradition of financial savings.
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Right product particulars
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Situation kind
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It’s true, and it’s the first financial savings product supported for people suitable with Islamic legislation within the type of sukuk throughout the Native Kingdom Suku program in Saudi riyal
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The start of subscribing to the problem
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September 07, 2025 (10 am)
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The top of the subscription to the problem
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September 09, 2025 (3 pm)
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The goal class
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Saudi and Saudi ladies are solely people who’re over 18 years outdated
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The minimal subscription
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1000 riyals, which is equal to the worth of 1 instrument
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The higher restrict for subscription
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200 thousand riyals for the overall variations for every particular person through the length of this system
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Date of revenue distribution
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The annual revenue of the sukuk will probably be paid on the date of entitlement
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The nominal worth of the instrument
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1000 riyals
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The income of the instrument
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4.88%
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due date
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Gregorian 12 months
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Recuperate request
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The Sukuk holders can request a restoration through the specified intervals in keeping with the annual calendar printed for (Sah), and the collected income won’t be value at early withdrawal
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Monetary establishments that present subscription service
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Al -Ahly Monetary Firm, Al -Rajhi Monetary Firm, Al -Jazeera Monetary Markets Firm, Al -Awal Funding Firm, and Alinma Funding Firm
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What’s the share of return for a proper product?
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Income It relies upon available on the market situations from month to month
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Does the product of Zakat be tolerated by savers?
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It doesn’t bear the right Zakat product
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