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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.
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gulfnews.com
UAE's first retail T-Sukuk opens: Dh1,000 minimum, profit rate unveiled
Invest in the UAE’s first retail T-Sukuk from just Dh1,000, earning a 4.30% annual profit on a Sharia-compliant, government-backed savings product.
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arabnews.com
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…