The issuance size will be AED 50 million, and the subscription period will run from 24th June to 30th June 2026 through approved digital channels, providing individual investors, including citizens and residents, an opportunity to participate in a sovereign investment instrument fully backed by the UAE Government and compliant with Islamic Shariah principles, with a minimum subscription amount of AED 1,000.

The inaugural T-Sukuk will have a tenor of two years and will offer a profit rate of 4.30% per annum, determined in line with prevailing market conditions, with profit payable every six months.

Approved digital channels and listing process

The approved digital channels include Dubai Financial Market’s subscription platform, DFM app, iVestor app, and the digital platforms of Emirates NBD Bank, which has been appointed Lead Receiving Bank. Participating receiving banks also include Emirates Islamic Bank, Abu Dhabi Islamic Bank (ADIB), Ajman Bank, and Mashreq Bank. The sukuk are expected to be listed on Nasdaq Dubai and become available for trading on 2nd July 2026, following completion of the offering process.

Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, said the opening of subscriptions marks a key milestone in strengthening the UAE’s sovereign investment ecosystem by providing fully digital, structured subscription channels for individual investors.

He added that the initiative reflects the Ministry’s commitment to delivering a clear and transparent digital investment experience from subscription through to secondary market trading or maturity.

Investor access and allocation timeline

He explained that enabling subscriptions through approved digital platforms and banking channels simplifies participation and provides a clear pathway to sovereign sukuk within a transparent framework. Individual investors can participate by obtaining an Investor Number (NIN), where applicable, and submitting applications through approved channels.

Allocation will take place immediately after the subscription closes, followed by issuance on 1st July 2026, with listing on Nasdaq Dubai and trading beginning on 2nd July 2026. Excess subscription amounts will be refunded by 7th July 2026.

Programme objectives and market development

Investors may sell holdings in the secondary market after listing through Nasdaq Dubai members, with a market maker and liquidity providers supporting ongoing trading activity. The programme enables diversification through a government-backed, Shariah-compliant investment structure from subscription to trading.

The Sovereign Retail T-Sukuk Programme is part of broader efforts to expand participation in government investment instruments and promote a culture of long-term saving and investment while strengthening the UAE’s financial ecosystem.

It is distinct from the Fractional T-Sukuk and Bonds Initiative, launched in November 2025, as it offers direct access to newly issued sovereign sukuk at par value with a minimum investment of AED 1,000, compared to fractional investments in previously issued securities at market prices with a higher minimum threshold.