Discover the groundbreaking savings opportunity in Saudi Arabia with Sah, the first government-backed Shariah-compliant individual savings product. Learn about the 5.64% payout rate, subscription details, and how Sah aligns with Vision 2030. Take a step towards financial security today!
Key Features of Sah:
1. Payout Rate: The first issue boasts a competitive 5.64% payout rate, providing lucrative returns for Saudi citizens.
2. Subscription Period: Act fast! The subscription period ends on Tuesday, Feb. 6, at 3 p.m., offering a limited window to secure your financial future.
3. Eligibility: Exclusive to Saudi citizens aged 18 and above, Sah requires subscribers to have accounts with SNB Capital, AlJazira Capital, Alinma Investment, SAB Invest, or Al Rajhi Capital.
4. Allocation and Redemption: Allocation is set for Feb. 13, with redemption taking place from Feb. 18-21, and payments disbursed on Feb. 25.
5. Purpose and Advantages: Sah is designed to enhance financial planning and increase savings rates by encouraging periodic income deductions. Enjoy Shariah compliance, annual returns, easy subscription, and zero fees with Sah. There are no restrictions on redemption.
6. Issuance and Institutions: Sah bonds are issued through participating financial institutions, and the nominal value is SR1000, fixed for each issue.
7. Subscription Limits: Secure your investment with a minimum subscription of SR1000 and a maximum limit of SR200,000 per individual during the program period.
8. Risk Management: Benefit from a low-risk ratio when subscribing to Sah, ensuring a secure and reliable investment.
9. Profit Distribution: Annual profits are paid on the maturity date, one calendar year from subscription. No zakat payment is required for Sah holders.
10. Market Dynamics: The return percentage varies based on market conditions, and Sah cannot be bought or sold through financial market trading.
Seize the opportunity to shape your financial destiny with Sah, a revolutionary savings product aligning with Islamic principles and Saudi Vision 2030. Subscribe now and secure your financial well-being.
