UAE Opens Second Retail T-Sukuk, Targeting AED50 Million at 5.06%
Subscriptions run September 23 to 28, 2026, for UAE nationals and residents, with a minimum of AED1,000.
Karim El-Sayed Karim El-Sayed covers company news, policy and regulation across the UAE and wider MENA for Anecdoted, with a focus on how new rules and licences reshape how startups operate. karim@anecdoted.com
The UAE Ministry of Finance is taking subscriptions for the second tranche of its Sovereign Retail T-Sukuk Programme, with a target size of AED50 million and an annual profit rate of 5.06%. The instrument carries a five-year tenor.
The window runs from September 23 to 28, 2026, and is restricted to UAE nationals and residents. The minimum ticket is AED1,000. Profit is distributed twice a year, and the sukuk is Shariah-compliant and backed by the UAE Government.
Allocation is set for September 29, with issuance and refunds of excess subscription money the following day, September 30. Once that process closes, the T-Sukuk is due to list and trade on Nasdaq Dubai on October 1, 2026.
What the first issue left behind
The tranche follows the inaugural retail T-Sukuk, and the ministry frames the programme as a way to widen individual ownership of government paper and deepen AED-denominated capital markets inside the country. H.E. Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, said the second issue builds on the demand the first one generated and gives retail investors digital routes into government securities.
Where to subscribe
Investors can apply through the Dubai Financial Market eIPO platform, the iVestor app, the DFM app, or digital channels run by the participating banks. Anyone without an existing Investor Number (NIN) must obtain one before submitting a subscription.
Emirates NBD is the lead receiving bank. Emirates Islamic, Abu Dhabi Islamic Bank, Ajman Bank, Mashreq, Abu Dhabi Commercial Bank and First Abu Dhabi Bank are acting as participating receiving banks.
The Central Bank of the UAE, Nasdaq Dubai, DFM and the participating banks are delivering the issuance together. Nasdaq Dubai handles central securities depository, settlement and listing functions.
The programme's stated aim is a larger domestic investor base, with individuals able to buy AED-denominated government instruments digitally and then trade them on the secondary market.
