The UAE Ministry of Finance opened subscriptions on September 23 for the second issuance under its Sovereign Retail T-Sukuk Programme, offering retail investors a five-year Shariah-compliant instrument backed by the government.
The AED50 million offering will remain open for subscription through September 28 via approved digital channels, with a minimum entry threshold of AED 1,000. It carries an annual profit rate of 5.06%, with distributions paid out semi-annually. Once allocation and settlement are complete, the sukuk is set to list and begin trading on Nasdaq Dubai on October 1.
Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, said the new issuance builds on strong demand from the inaugural offering and reflects the ministry's commitment to a seamless digital subscription experience. He noted that making the instrument accessible through approved platforms and banking channels supports long-term financial planning for individuals and families, in line with the goals of the Year of Family 2026.
Investors must first obtain an Investor Number before submitting orders through channels including the DFM eIPO platform, the iVestor app, the DFM app and participating banks. Emirates NBD is the lead receiving bank, joined by Emirates Islamic, Abu Dhabi Islamic Bank, Ajman Bank, Mashreq, Abu Dhabi Commercial Bank and First Abu Dhabi Bank.
Allocation is scheduled for September 29, with issuance and refunds following on September 30. The offering is being delivered in coordination with the Central Bank of the UAE, Nasdaq Dubai and the Dubai Financial Market, reinforcing efforts to deepen the UAE's AED denominated capital markets and strengthen its standing as a hub for Islamic finance.
News Source: Emirates News Agency
