Sah product is Shariah-compliant: Al-Khathlan

04/02/2024 Argaam
Saad Al-Khathlan, Chairman of the Scientific Society of Jurisprudence

Saad Al-Khathlan, Chairman of the Scientific Society of Jurisprudence

The newly-introduced government sukuk product, Sah, is deemed a savings product structured on Mudarabah and Musharakah principles, in alignment with Shariah principles, said Saad Al-Khathlan, Chairman of the Scientific Society of Jurisprudence.

 

Addressing inquiries about investing in the new product that was issued by the Ministry of Finance, Al-Khathlan clarified, on the X platform, that Sah obtained approval from Shariah committees within the Kingdom’s financial institutions.

 

According to data available on Argaam, subscription to the Ministry of Finance and the National Debt Management Center’s (NDMC) first Shariah-compliant, government-backed savings product for individuals, Sah, started on Feb. 4.

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