Investment from 1000 AED, Details of the New UAE Government Sukuk

🔸 The UAE Ministry of Finance has launched the second phase of the government sukuk offering for retail investors (Retail T-Sukuk) with an annual profit of 5.06%. Registration will take place from September 23 to 28.

🔸 This scheme is available for eligible citizens and residents of the UAE, with a minimum investment amount set at 1,000 AED.

🔸 The profit from this sukuk is paid every six months. Based on the announced rates:
- A 1,000 AED investment yields approximately 50.6 AED in annual profit.
- 10,000 AED yields approximately 506 AED in annual profit.
- 50,000 AED yields approximately 2,530 AED in annual profit.

🔸 The duration of this sukuk is five years; however, after listing on Nasdaq Dubai, it will also be possible to buy and sell it in the market. Nevertheless, if an investor sells it before maturity, the amount received will depend on the market price and may be more or less than the initial investment amount.

🔸 To register, having a Dubai Financial Market Investor Number (NIN) is mandatory. Individuals who do not have this number must obtain it first. Registration is possible through the DFM eIPO platform, the iVestor and DFM applications, as well as selected banks.

Source: Gulf News