UAE retail sukuk enters Nasdaq Dubai secondary trading
Arabian Post Staff -Dubai The UAE Ministry of Finance has listed its second five-year Sovereign Retail T-Sukuk on Nasdaq Dubai, opening the government-backed Islamic instrument to secondary-market trading after subscription, allocation and settlement were completed. The offering drew subscription orders of AED285 million, about 5.7 times its AED50 million target, underscoring demand among…
The UAE Ministry of Finance has launched its second five-year Sovereign Retail T-Sukuk on Nasdaq Dubai, enabling secondary-market trading for the government-backed Islamic instrument. Subscription orders for the AED50 million offering exceeded expectations, with AED285 million in demand from individual investors. The sukuk features a 5.06 per cent annual profit rate and semi-annual distributions, with a minimum investment requirement of AED1,000.
Secondary trading allows investors to boost holdings or sell before maturity through Nasdaq Dubai's authorized brokers, providing liquidity and price discovery. The issuance attracted participants from 110 nationalities, with UAE nationals comprising 69 per cent of demand. Women made up 17 per cent of total invested capital, and nearly half of unique subscribers had also invested in the inaugural retail sukuk.
The issuance's longer maturity than the previous two-year offering supports the UAE's goal of increasing financial inclusion and encouraging a culture of saving among families and communities.
Written by urgent.news from Arabian Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
