An accurate product emblem for presidency bonds for people
I used to be monitored numbersParticulars of the variations of an accurate product for presidency devices for people, which was launched in February 2024.
And an accurate product, it’s a securities appropriate 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 Middle for Spiritual Administration.
The biggest charge of return to an accurate product was since its launch at 5.64% in each February and Might 2024, whereas the bottom return was at 4.66% in Might of this yr, The next desk exhibits the proportion of the return of an accurate product since its launch in February 2024:
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The ratio of the return to an accurate product since its launch in February 2024
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Month
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Return ratio
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February 2024
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5.64 %
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March
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5.63 %
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April
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5.59 %
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Might
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5.64 %
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June
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5.55 %
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July*
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—
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August
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5.48 %
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September
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5.31 %
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October
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4.92 %
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November
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4.89 %
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December
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4.83 %
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January 2025
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4.95 %
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February
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4.94 %
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March
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4.98 %
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April
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4.88 %
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Might
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4.66 %
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June
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4.76 %
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July
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4.88 %
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August
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4.97 %
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September
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4.88 %
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*There isn’t any participation interval for the month of July 2024
The present yr has witnessed each month since February, the date of the right productive devices in 2024, As the next desk exhibits:
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The date for the entitlement of your productive sukuk in 2024
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Month
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due date
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February 2024
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February 13, 2025
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March
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March 12, 2025
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April
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April 30, 2025
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Might
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Might 28, 2025
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June
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July 9, 2025
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July
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—
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August
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August 13, 2025
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September
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September 24, 2025
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October
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October 15, 2025
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November
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November 12, 2025
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December
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December 10, 2025
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An accurate product is allotted to people with rewarding returns which can be offered month-to-month in line with the analysis of the variations, and the interval of saving for one yr is with a set return and the disposal of the earnings 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 proportion of people who save periodically, offering a protected financial savings technique 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 sort
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It’s true, and it’s the first financial savings product supported for people appropriate with Islamic legislation within the type of sukuk inside the Native Kingdom Suku program in Saudi riyal
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Date of revenue distribution
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The annual revenue of the sukuk shall be paid on the date of entitlement
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Recuperate request
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The Sukuk holders can request a restoration throughout the specified intervals in line with the annual calendar printed for (Sah), and the collected earnings is not going to 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 proportion of return for a proper product?
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Income It relies upon available on the market circumstances 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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