The UAE Ministry of Finance has announced the second issuance under its Sovereign Retail T-Sukuk Programme, offering nationals and residents access to a five-year, government-backed, Shariah-compliant investment starting from a minimum of Dh1,000.
The new offering follows strong demand for the inaugural issuance, which attracted Dh445 million in subscription orders, nearly nine times its initial Dh50 million target. That demand prompted officials to double the size of the first offering to Dh100 million.
The profit rate for the new five-year issuance will be announced on September 22. Investors will be able to subscribe through Dubai Financial Market's eIPO platform, the iVestor app, the DFM app, and digital channels operated by participating banks. Emirates NBD will act as lead receiving bank, alongside Emirates Islamic, Abu Dhabi Islamic Bank, Ajman Bank, Mashreq, Abu Dhabi Commercial Bank and First Abu Dhabi Bank.
Once allocation and settlement are completed, the sukuk will be listed on Nasdaq Dubai, allowing investors to trade holdings on the secondary market rather than being locked in for the full five-year term.
In the first round, about 76 percent of investors subscribed with Dh10,000 or less, UAE nationals made up 72 percent of subscribers, and investors under 25 combined with women accounted for 45 percent of the investor base. The programme is designed to broaden participation in sovereign debt instruments and encourage long-term saving among UAE families.