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 banks.
The Shariah-compliant investment has the backing of the UAE Government and has a minimum subscription of AED1,000. Investors will receive profit distributions every six months.
Following allocation and settlement, the T-Sukuk will list on Nasdaq Dubai and begin secondary-market trading on October 1.
How UAE Residents Can Invest in T-Sukuk
Retail investors must first obtain an Investor Number (NIN) if they do not already have one.
They can then submit their subscription through the DFM eIPO platform, iVestor app, DFM app or digital banking channels offered by participating banks.
The participating receiving banks include Emirates NBD, Emirates Islamic, Abu Dhabi Islamic Bank, Ajman Bank, Mashreq, Abu Dhabi Commercial Bank and First Abu Dhabi Bank.
The subscription timetable is:
- September 23: Subscriptions open
- September 28: Subscriptions close
- September 29: Allocation
- September 30: Issuance and refunds of excess funds
- October 1: Listing and secondary-market trading begins on Nasdaq Dubai
What Is the UAE Sovereign Retail T-Sukuk?
The Sovereign Retail T-Sukuk is a Shariah-compliant investment product issued by the UAE Ministry of Finance.
The second issuance has a five-year tenor and offers an annual profit rate of 5.06%. In addition, investors will receive profit payments every six months.
The T-Sukuk programme aims to give UAE citizens and residents access to government-backed investment opportunities while supporting the development of the country’s local capital markets.
Meanwhile, the latest issuance follows demand for the programme’s inaugural offering and expands access through digital platforms and participating banks.
A New Investment Option for UAE Residents
The Ministry of Finance says the programme will help broaden the UAE’s investor base and support long-term financial planning.
In addition, the initiative brings together the Central Bank of the UAE, Nasdaq Dubai, Dubai Financial Market and participating receiving banks.
As a result, UAE residents can access the latest T-Sukuk through approved digital and banking channels from AED 1,000.
The five-year investment offers a 5.06% annual profit rate, with distributions made every six months.
