March subscription opens for Sah Sukuk with 4.98% return

Logo of Sukuk, a Shariah-compliant government bond

Subscription for the March issuance of Sah Sukuk, a Shariah-compliant government bond for individuals, opens today, March 2.

The sukuk are issued by the Saudi government through the Ministry of Finance and arranged by the National Debt Management Center (NDMC).

The return rate was set at 4.98%, with allocation scheduled for March 11. The redemption period will take place from March 16 to 18, and redemption payments will be disbursed on March 23.  

Sah Sukuk is designed for individuals, offering competitive returns and issued monthly according to the issuance calendar. The savings period is one year with fixed returns, and profits are paid upon maturity. 

The product is available exclusively to Saudi nationals aged 18 and above, provided they hold an account with one of the following financial institutions: SNB Capital, AlJazira Capital, Alinma Investment, SAB Invest, or Al Rajhi Capital. 

Sah Sukuk offers attractive, government-backed returns with low risk. It features an easy subscription process, no redemption restrictions, and no fees. 

The initiative aims to help individuals improve financial planning, increase the percentage of regular savers, provide a secure saving method, expand available savings products, and promote a culture of saving.