Saudi Arabia: Saudi Arabia has opened its fifth round of the subscription-based savings product, Sah, for June, offering a 5.55 percent return, encouraging financial stability and growth among citizens.    

The Shariah-compliant, government-backed sukuk started on June 23 and will run until June 25, with redemption amounts scheduled within a year, as announced by the National Debt Management Center in a release on X. 

Organized by the NDMC and issued by the Ministry of Finance, these fee-free savings products provide low-risk returns and are distributed through digital channels of approved financial institutions. 

Sah is the first government sukuk issued aimed at enhancing saving habits by motivating Saudis to deduct a portion of their income periodically and allocate it to their savings.   

The sukuk aligns with the goals of the Financial Sector Development Program, a key initiative of Saudi Vision 2030, which aims to increase the national savings rate from the current 6 percent to the international standard of 10 percent by 2030. 

Moreover, the release added that the minimum subscription amount is SR1,000 ($266.43), equivalent to the value of one bond, while the maximum is SR200,000, allowing up to 200 bonds per user during the program period.