UAE Offers Residents 5.06% Government-Backed Investment From AED1,000

UAE nationals and residents can invest from AED1,000 ($272) in a new five-year Sovereign Retail T-Sukuk offering with an annual profit rate of 5.06%. The UAE Ministry of Finance has opened subscriptions for the second issuance under its Sovereign Retail T-Sukuk Programme. The AED50 million ($13.6 million) offering will accept subscriptions from September 23 to September 28 through approved digital platforms and participating […]