UAE launches 5.06% retail T-Sukuk with Dh1,000 entry point

The UAE Ministry of Finance has launched its second sovereign retail Islamic treasury bonds (T-Sukuk), offering a 5.06 per cent annual profit rate for a five-year term. Subscriptions for the Dh50 million issuance opened on Wednesday, 23 September, and are scheduled to close on 28 September. Yields and Investment Thresholds Individual investors can participate with a minimum subscription of Dh1,000. Under the 5.06 per cent annual rate, a Dh1,000 investment will yield Dh50.60 per year, distributed in six-month installments of approximately Dh25.30. A larger investment of Dh10,000 would generate Dh506 annually, totaling Dh2,530 in profit if held to the full five-year maturity. This second issuance offers a higher return and a longer duration than the inaugural retail T-Sukuk released earlier this year, which carried a 4.30 per cent profit rate over a two-year tenor. The government previously doubled the first issuance to Dh100 million after receiving orders worth Dh445 million, with 76 per cent of subscribers investing Dh10,000 or less. Subscription Process and Secondary Market The offering is open to UAE nationals and residents who possess a valid Dubai Financial Market (DFM) Investor Number (NIN). Subscriptions are processed through the DFM eIPO platform, the iVestor app, and participating banks. Emirates NBD serves as the lead receiving bank, supported by Emirates Islamic, Abu Dhabi Islamic Bank, Ajman Bank, Mashreq, Abu Dhabi Commercial Bank, and First Abu Dhabi Bank.…