UAE’s new 5.06% sukuk: What your Dh1,000, Dh10,000 could earn
Dubai: The UAE has now put a number on the return from its second retail T-Sukuk: 5.06 per cent a year for five years. For residents looking at the investment for the first time, the basic idea is fairly simple. You can invest from Dh1,000, receive profit payments every six months and, if you keep the sukuk until its five-year maturity, receive the principal back at the end, subject to the terms…
The UAE has announced details of its second retail T-Sukuk, offering a 5.06% annual return over five years. Investors can begin with as little as Dh1,000, receiving semi-annual profit payments and the principal upon maturity. The UAE Ministry of Finance aims to raise Dh50 million. A Dh1,000 investment would yield Dh50.60 annually, or roughly Dh25.30 every six months.
Scaling up, a Dh10,000 investment would generate Dh506 per year or Dh253 every six months, while a Dh50,000 investment would result in Dh2,530 annually or Dh1,265 every six months. These figures assume the profit rate remains constant over the five-year period. It's important to note that these calculations do not account for potential fees.
The T-Sukuk is Shariah-compliant and backed by the UAE Government, providing an alternative investment option for individuals.
Written by urgent.news from Gulf News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
