UAE announces Retail T-Sukuk subscription details

File picture [for illustration]

The Ministry of Finance has announced the subscription period for the UAE’s first-ever Sovereign Retail T-Sukuk Programme, offering individual investors a new government-backed investment opportunity that complies with Islamic Shariah principles.

The inaugural issuance is valued at AED 50 million, with subscriptions open from June 24 to June 30 through approved digital platforms.

The minimum investment is set at AED 1,000 and is available to both UAE citizens and residents.

The two-year sukuk offers an annual profit rate of 4.3 per cent, with returns paid every six months.

The Ministry says the programme aims to expand public access to government investment products through a fully digital and transparent process, while encouraging long-term saving and investment.

The sukuk are expected to be issued on July 1 and listed on Nasdaq Dubai from July 2, allowing investors to trade them on the secondary market.

The approved subscription channels include Dubai Financial Market’s subscription platform, DFM app, iVestor app and digital platforms of receiving banks, including Emirates NBD Bank, Emirates Islamic Bank, Abu Dhabi Islamic Bank (ADIB), Ajman Bank and Mashreq Bank.

Any excess subscription amounts will be refunded no later than July 7, 2026.

 

 

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