Sah product is Shariah-compliant: Al-Khathlan

04/02/2024 Argaam

Sah product is Shariah-compliant: Al-Khathlan

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.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read