Islamic Finance

Saudi Arabia to disburse 1.85 bln riyals in Ramadan aid for social security beneficiaries

Saudi Arabia will distribute 1.85 billion riyals ($493 million) as Ramadan aid for social security beneficiaries, state news agency SPA reported on Monday (May 11).

Each head of family will receive 1,000 riyals and each dependent will get 500 riyals, according to SPA.

The aid will not come out of zakat funds.

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Social security