Sarwa Islamic savings account profit rate drops to 10.44 percent in January 2025

The profit rate for the Sarwa Islamic Savings Account has decreased to 10.44 percent, down from 11.16 percent. This change is effective from January 2025. The Sarwa Islamic Savings Account operates under a Shariah-compliant investment model, where account holders appoint the Ministry of Finance to manage their funds in government projects. Account holders can withdraw their funds at any time. The profit is based on actual investment returns, and any losses are shared according to the investment proportion.