UAE sets yearly profit rate of 5.06% for investing in its second retail T-Sukuk
Dubai: UAE residents will be able to invest in the government’s second Sovereign Retail T-Sukuk from September 23, with the five-year investment offering an annual profit rate of 5.06 per cent. The Ministry of Finance said on Tuesday that subscriptions will remain open until September 28. The government is targeting an issuance size of Dh50 million, while the minimum amount individuals can invest…
UAE residents will have the opportunity to purchase the government's second Sovereign Retail T-Sukuk starting September 23, offering an annual profit rate of 5.06%. The five-year investment term is available until September 28, with a minimum investment of Dh1,000 and a total target issuance size of Dh50 million. The Shariah-compliant T-Sukuk is open to retail investors, including UAE citizens and residents.
Profit distributions will be made twice a year, and the sukuk will be listed on Nasdaq Dubai on October 1, allowing secondary market trading. Investors must first obtain an Investor Number, or NIN, through digital channels or participating banks before subscribing. The second issuance aims to meet investor demand and enhance retail access to UAE sovereign investment products.
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