Saudi Sah Savings Product Opens Aug. 2 at 4.70% Return

The minimum subscription is SAR 1,000, equivalent to one sukuk. The cap per individual over the program period is SAR 200,000. The product carries no subscription or redemption fees.

Sukuk holders can request early redemption during specified windows in the annual calendar, but accumulated profit is forfeited on early withdrawals. The monthly return depends on market conditions.

The program is designed to increase the percentage of individuals who save periodically, provide a safe savings method, and expand the supply of savings products, according to the NDMC. Sah is the first Shariah-compliant savings sukuk for individuals in the local SAR-denominated program.