UAE Federal Retail T-Sukuk – Second Issuance

Building on the success of the inaugural offering, which saw strong demand reaching AED 445 million and a successful listing on Nasdaq Dubai, the Ministry of Finance continues to advance the programme with its second issuance.

Designed to broaden individual participation in sovereign investment instruments, this initiative enables eligible UAE citizens and residents to invest directly in government-backed, Shariah-compliant opportunities starting with a minimum subscription of AED 1,000. The offering is open to UAE citizens and residents with a valid DFM NIN and a registered mobile number.

In line with the objectives of the Year of Family 2026, the second issuance fosters long-term financial planning and a culture of savings, offering semi-annual profit distributions based on prevailing market conditions.
Announcement of Retail Offering Date
17 September 2026
Price Announcement
22 September 2026
Retail Offering Commencement Date
23 September 2026
Closing Date of Retail Offering
28 September 2026
Allocation Date
29 September 2026
Refund Date
30 September 2026
Commencement of Secondary Trading
1 October 2026
Market
Nasdaq Dubai
Website
SUKUK
INFORMATION MEMORANDUM

Second Sovereign Retail T-Sukuk Issuance


  • The Ministry of Finance continues to advance the Sovereign Retail T Sukuk Programme through its second issuance in 2026, building on the success of the inaugural offering, while broadening individual participation in government investment instruments and expanding the investor base in the UAE’s domestic capital markets.
  • The programme is a strategic initiative designed to enable eligible UAE citizens and residents to invest directly in sovereign, Shariah-compliant investment instruments backed by the UAE Government.
  • The second issuance forms part of the Ministry of Finance’s continued efforts to advance financial inclusion, foster a culture of long-term saving and investment, and provide a wider segment of society with access to diversified investment opportunities.
  • In line with the objectives of the “Year of Family 2026”, the programme supports financial awareness and long-term financial planning, helping individuals and families build more sustainable financial capabilities for the future.
  • The programme contributes to the development of the UAE’s domestic capital markets and the diversification of the investor base for UAE dirham-denominated government debt instruments, supporting a deeper and more diversified financial ecosystem.
  • The second issuance enables eligible investors to participate with a minimum subscription amount of AED 1,000, broadening access to government investment opportunities.

  1. Log in to ENBD X and select "Transfer/Pay".
  2. Scroll down to "Donations and Investments" select "IPO subscription".
  3. Select IPO name.
  4. Select Category/Tranche.
  5. Enter your Investor Number.
  6. Agree to the “Terms and Condition”.
  7. Select broker name and input the amount.
  8. Review the details on Summary screen.
  9. Authorize the transaction using your smart pass PIN.
  10. You’ll receive IPO payment confirmation along with the reference and application number.

  1. Insert your debit card and enter your PIN number
  2. Select IPO subscription option in the main screen and select IPO name
  3. Enter your Investor Number
  4. Select the account from which the funds need to be debited
  5. Enter the amount to invest / number of shares
  6. Select the broker if any
  7. You’ll get a confirmation with the IPO application and reference numbers