Ministry of Finance Opens Subscriptions for Second Sovereign Retail T-Sukuk at 5.06% Profit Rate
The UAE Government's second retail Islamic investment offering launches on 23 September, providing retail investors with direct access to a Shariah-compliant sovereign instrument with a five-year tenure and semi-annual profit distributions.
The Ministry of Finance has unveiled the pricing and subscription details for the second issuance under the Sovereign Retail T-Sukuk Programme, marking a significant milestone in the nation’s commitment to broadening retail participation in its capital markets.
The AED50 million offering will welcome subscriptions from 23 to 28 September 2026 through an array of approved digital channels, with a minimum investment threshold of AED1,000. This structure ensures accessibility for UAE nationals and residents seeking to diversify their portfolios through a trusted sovereign investment vehicle backed by the full weight of the UAE Government’s creditworthiness.
The five-year T-Sukuk carries an annual profit rate of 5.06%, calibrated to reflect prevailing market conditions, with distributions payable semi-annually to investors. Following allocation and settlement, the sukuk will commence trading on Nasdaq Dubai on 1 October 2026, providing liquidity and transparency for secondary market participants.
Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, characterised the second issuance as a testament to the substantial investor appetite generated by the inaugural offering. He emphasised that the Ministry of Finance remains committed to delivering a seamless experience throughout the entire investment journey, from initial application through to secondary-market engagement.
The subscription framework leverages approved digital platforms and designated banking channels to streamline access for individuals and families. This initiative aligns with the Year of Family 2026 objectives, offering secure investment solutions that support structured financial planning and long-term wealth accumulation.
The coordinated model involving the Ministry of Finance, Dubai Financial Market, Nasdaq Dubai and participating receiving banks creates a robust framework for orderly execution at every stage. Emirates NBD assumes the lead receiving bank role, supported by Emirates Islamic, Abu Dhabi Islamic Bank, Ajman Bank, Mashreq, Abu Dhabi Commercial Bank and First Abu Dhabi Bank.
Prospective investors may access the offering through multiple channels: the Dubai Financial Market eIPO platform, the iVestor application, the Dubai Financial Market mobile application, and the digital banking channels of participating institutions. Individuals without an existing Investor Number must first obtain one before submitting subscription orders.
The operational timeline progresses efficiently, with subscription closing on 28 September, allocation announced on 29 September, issuance and refunds processed on 30 September, and trading commencing on 1 October 2026. Market makers and liquidity providers will support secondary trading to ensure efficient price discovery.
This continued expansion of the Sovereign Retail T-Sukuk Programme reinforces the Ministry of Finance’s strategic objective to develop AED-denominated capital markets and widen the investor base through innovative instruments. The initiative strengthens the UAE’s standing as a global financial centre and a principal destination for Islamic finance solutions.
Source: WAM News Agency