Ministry of Finance (MoF) of UAE launches first Sovereign Retail T-Sukuk Programme

Key facts

• The Ministry of Finance (MoF) of the United Arab Emirates (UAE) has launched the inaugural Sovereign Retail T-Sukuk Programme, a Shariah-compliant investment instrument for citizens and residents.
• The programme features an IPO-style subscription framework similar to the Dubai Financial Market (DFM) and Nasdaq Dubai, with a minimum subscription amount of AED 1,000.
• The initiative is aligned with the UAE’s Year of Family 2026 and was developed in collaboration with the Central Bank of the UAE (CBUAE).
• Emirates NBD Bank has been appointed as the Lead Receiving Bank, while Emirates Islamic Bank, Abu Dhabi Islamic Bank (ADIB), Ajman Bank, and Mashreq Bank will serve as Receiving Banks.
• Nasdaq Dubai will act as the central securities depository and provide the settlement platform, with the sukuk expected to be listed for trading on the exchange.