An accurate product brand for presidency devices for people
Tomorrow, Sunday, October 05, 2025, the participation within the publication of the month of October for an accurate product for presidency devices and allotted to people, which is a securities suitable with Islamic regulation 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 4.83% and the allocation can be on October 14, whereas the restoration interval can be from October 19 to October 21, and the restoration quantities can be paid on October 26.
An accurate product is allotted to people with rewarding returns which might be introduced month-to-month in line with the analysis of the variations, and the interval of saving for one 12 months 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 Saudis and Saudi ladies solely people who’re over the age of 18, offered 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, Al -Awal Funding Firm, 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 longer term, growing the proportion of people who save periodically, offering a secure financial savings methodology and growing provide of financial savings merchandise, and enhancing a tradition of financial savings.
|
Appropriate product particulars
|
|
|
Problem kind
|
It’s true, and it’s the first financial savings product supported for people suitable with Islamic regulation within the type of sukuk inside the Native Kingdom Suku program in Saudi riyal
|
|
The start of subscribing to the problem
|
October 05, 2025 (10 am)
|
|
The top of the subscription to the problem
|
October 07, 2025 (3 pm)
|
|
The goal class
|
Saudi and Saudi ladies are solely people who’re over 18 years outdated
|
|
The minimal subscription
|
1000 riyals, which is equal to the worth of 1 instrument
|
|
The higher restrict for subscription
|
200 thousand riyals for the full variations for every particular person throughout the length of this system
|
|
Date of revenue distribution
|
The annual revenue of the sukuk can be paid on the date of entitlement
|
|
The nominal worth of the instrument
|
1000 riyals
|
|
The income of the instrument
|
4.83%
|
|
due date
|
Gregorian 12 months
|
|
Get better request
|
The Sukuk holders can request a restoration throughout the specified durations in line with the annual calendar printed for (Sah), and the accrued earnings won’t be price at early withdrawal
|
|
Monetary establishments that present subscription service
|
Al -Ahly Monetary Firm, Al -Rajhi Monetary Firm, Al -Jazeera Monetary Markets Firm, Al -Awal Funding Firm, and Alinma Funding Firm
|
|
What’s the proportion of return for a proper product?
|
Income It relies upon in the marketplace circumstances from month to month
|
|
Does the product of Zakat be tolerated by savers?
|
It doesn’t bear the right Zakat product
|
