Ministry of Finance of the United Arab Emirates (UAE) launched its first Sovereign Retail T-Sukuk Programme

Ministry of Finance of the United Arab Emirates (UAE) launched its first Sovereign Retail T-Sukuk Programme

¨     Ministry of Finance of the United Arab Emirates (UAE) launched its first Sovereign Retail T-Sukuk Programme.

¨     It is a government-backed and Shariah-compliant investment product.

¨     The programme is designed for UAE nationals and residents.

¨     T-Sukuk are Islamic financial certificates that represent ownership in an underlying asset, project, or investment activity.

¨     The UAE Retail T-Sukuk is issued by the Ministry of Finance in collaboration with the Central Bank of the UAE.

¨     The instrument is denominated in UAE Dirhams (AED).

¨     It has a maturity period of two years.

¨     The first subscription window opens at 8:00 AM on 24 June 2026 and closes at 5:00 PM on 30 June 2026.

¨     Eligible investors must have a valid Emirates ID and a Dubai Financial Market (DFM) National Investor Number (NIN).

¨     Professional investors are not eligible to participate in this retail programme.

¨     The minimum investment amount is AED 1,000 (Dh1,000).

¨     Emirates NBD has been appointed as the Lead Receiving Bank.

¨     Emirates Islamic Bank, Abu Dhabi Islamic Bank, Ajman Bank, and Mashreq Bank are the additional receiving banks.

¨     After issuance, the Retail T-Sukuk will be listed and traded on Nasdaq Dubai.

¨     Investors will receive fixed profit payments twice a year (semi-annually).