Saudi Arabia's Sah Savings Product Offers 5.59% Return in April: A Shariah-Compliant, Fee-Free Option for Financial Growth
In the latest financial development, Saudi Arabia has initiated the third installment of its subscription-based savings product, Sah, for the month of April.
This Shariah-compliant savings scheme, backed by the government, promises a return rate of 5.59 percent.
The objective behind this offering is to foster financial stability and growth among the citizens.
The subscription period for this round commenced on April 21 and is scheduled to conclude on April 23.
The National Debt Management Center (NDMC) made this announcement in a press release on X.
The redemption amounts for this savings product are guaranteed to be paid within a year, as per the disclosure from the NDMC.
The savings product, which is free of fees, is organized by the NDMC and issued by the Ministry of Finance.
These digital savings channels are distributed through the approved financial institutions, ensuring a low-risk investment opportunity for the citizens.
The objective behind this offering is to foster financial stability and growth among the citizens.
The subscription period for this round commenced on April 21 and is scheduled to conclude on April 23.
The National Debt Management Center (NDMC) made this announcement in a press release on X.
The redemption amounts for this savings product are guaranteed to be paid within a year, as per the disclosure from the NDMC.
The savings product, which is free of fees, is organized by the NDMC and issued by the Ministry of Finance.
These digital savings channels are distributed through the approved financial institutions, ensuring a low-risk investment opportunity for the citizens.
Translation:
Translated by AI
