The UAE Ministry of Finance set a 5.06% annual profit rate for its second five-year Sovereign Retail T-Sukuk issuance.
Subscriptions for the AED50 million offering will run from Sept. 23 to 28 through approved digital platforms and banking channels, with a minimum investment of AED1,000.
The Shariah-compliant instrument is open to UAE nationals and residents and will distribute profits semi-annually. Following allocation, issuance and settlement, the sukuk is scheduled to list and begin secondary trading on Nasdaq Dubai on Oct. 1.
Investors without an Investor Number must obtain one before submitting subscription orders through the DFM eIPO platform, iVestor app, DFM app or designated banks’ digital channels.
Emirates NBD is the lead receiving bank, while Emirates Islamic, Abu Dhabi Islamic Bank, Ajman Bank, Mashreq, Abu Dhabi Commercial Bank and First Abu Dhabi Bank are participating receiving banks.
Allocation is scheduled for Sept. 29, with issuance and refunds due Sept. 30. Nasdaq Dubai will support secondary trading through market makers and liquidity providers.
The ministry said the programme is intended to broaden retail participation and develop domestic AED-denominated capital markets through government-backed investment instruments.
