The UAE Ministry of Finance announced Friday the listing and start of secondary-market trading for its second five-year Sovereign Retail T-Sukuk on Nasdaq Dubai, following successful subscription, allocation and settlement.
Nasdaq Dubai and DFM CEO Hamed Ali said the response reflects "growing appetite for high-quality Sharia-compliant instruments" among individual investors © Mena Today
The UAE Ministry of Finance announced Friday the listing and start of secondary-market trading for its second five-year Sovereign Retail T-Sukuk on Nasdaq Dubai, following successful subscription, allocation and settlement.
The offering, building on the inaugural tranche, aims to broaden investment participation and promote long-term savings, with investors now able to expand holdings or exit early via the exchange.
Subscription orders reached AED285 million — 5.7 times the AED50 million target. Retail investors subscribing AED10,000 or less made up 75% of applications, UAE nationals represented 69% of demand, and the offering drew interest from 110 nationalities.
Women accounted for 17% of invested capital, young investors under 25 showed strong engagement, and nearly half of subscribers were returning from the first tranche.
Deepening domestic capital markets
"This marks another strategic milestone in deepening the UAE's domestic AED-denominated capital markets," said Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini, citing strong confidence in the country's financial infrastructure.
Nasdaq Dubai and DFM CEO Hamed Ali said the response reflects "growing appetite for high-quality Sharia-compliant instruments" among individual investors.
The Sukuk offers a five-year tenor, semi-annual profit distributions, and a minimum investment of AED1,000. Following a subscription period from September 23-28, 2026, units can now be traded through authorised brokers with active market-making support.
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