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The UAE Ministry of Finance has announced the pricing and opening of subscriptions for the second issuance of its retail government Treasury Sukuk (T-Sukuk) program. The five-year sukuk targets a total issuance volume of AED 50 million.

According to the Emirates News Agency (WAM), subscriptions open today, Wednesday, September 23, and will run through September 28, 2026, via approved digital channels. 

The offering provides retail investors—including UAE citizens and residents—direct access to a Sharia-compliant sovereign investment instrument backed by the UAE government, with a minimum subscription of AED 1,000. 

The Ministry has set the annual profit rate for the five-year issuance at 5.06%, reflecting prevailing market conditions, with profit distributions to be paid out semi-annually.

Following the completion of allocation, issuance, and settlement procedures, the sukuk are scheduled to be listed and commence trading on Nasdaq Dubai on October 1, 2026, allowing investors to trade them on the secondary market.

Islamic Treasury Sukuk are Sharia-compliant securities issued by the federal government in UAE dirhams. Investors receive periodic profit distributions prior to the repayment of the nominal value upon maturity.

Prospective retail investors must first obtain a National Investor Number (NIN) if they do not already possess one, before submitting their applications. Subscriptions can be processed through the Dubai Financial Market’s (DFM) eIPO platform, the iVestor app, the DFM app, and the digital channels of designated receiving banks.

Emirates NBD leads the roster of receiving banks, alongside Emirates Islamic, Abu Dhabi Islamic Bank (ADIB), Ajman Bank, Mashreq, Abu Dhabi Commercial Bank (ADCB), and First Abu Dhabi Bank (FAB).