UAE launches first-ever Sovereign Retail T-Sukuk, with citizens getting direct access
RIYADH: The UAE has unveiled its inaugural Sovereign Retail T-Sukuk Program, opening subscriptions to individual investors for the first time in the country’s history.
According to a statement from the Ministry of Finance, the two-year sukuk sized at 50 million Emirati dirhams ($13.6 million) will be run in close collaboration with the Central Bank of the UAE, carries a profit rate of 4.3 percent per annum with half-yearly payouts.
Subscriptions run from June 24 to 30, through a range of approved digital platforms, with a minimum entry point of 1,000 dirhams, making sovereign investment accessible to a broad base of citizens and residents for the first time.
The launch marks a significant step in the UAE’s push to democratize access to government-backed financial instruments.
