UAE Retail T-Sukuk 2026: 5.06% Rate, Dates and Eligibility

The UAE’s second Sovereign Retail T-Sukuk is now open for subscription, offering a fixed annual profit rate of 5.06% over five years. UAE nationals and eligible UAE residents can subscribe from AED 1,000 between 8:00 on 23 September and 14:00 on 28 September 2026, according to the UAE Ministry of Finance.

The issue is designed for individual investors and is backed by the UAE Government. It is Shariah-compliant, pays profit distributions every six months and is scheduled to begin secondary-market trading on Nasdaq Dubai on 1 October 2026.

UAE Retail T-Sukuk 2026: key facts

Who can invest?

The Ministry of Finance says the Retail T-Sukuk is open to UAE nationals and UAE residents with a valid Emirates ID. Investors must also have a valid Dubai Financial Market National Investor Number, or NIN.

That makes the offer relevant to expatriate residents as well as Emirati citizens. Holding UAE residency alone is not enough: the NIN requirement must also be satisfied before subscribing.

How can residents subscribe?

Subscriptions are available through Dubai Financial Market channels and participating receiving banks. Emirates NBD is the lead receiving bank, joined by Emirates Islamic, Abu Dhabi Islamic Bank, Ajman Bank, Mashreq, Abu Dhabi Commercial Bank and First Abu Dhabi Bank.

Emirates NBD says customers can subscribe through its ENBD X app by selecting the IPO subscription option, entering their investor number and investment amount, and completing the authorisation process. Availability and procedures can vary by bank, so investors should follow the instructions of their chosen receiving bank or DFM.

What does the 5.06% rate mean?

The second issue has a five-year tenor and a fixed annual profit rate of 5.06%, with distributions every six months. The rate is higher than the 4.30% offered on the programme’s inaugural two-year issue in June 2026, but the two securities have different maturities and were priced under different market conditions.

The Ministry of Finance describes the T-Sukuk as a sovereign, Shariah-compliant instrument backed by the UAE Government. That does not mean an investor should treat it as identical to a bank deposit. Once the sukuk begins trading on the secondary market, its market price can move. Anyone who sells before maturity may receive more or less than the price they originally paid, depending on market conditions and liquidity.

What happens after the subscription closes?

Emirates NBD’s official timetable lists allocation for 29 September and issuance and refunds for 30 September. The sukuk is then expected to begin trading on Nasdaq Dubai on 1 October, supported by market makers and liquidity providers.

If an issue is oversubscribed, an investor may receive an allocation smaller than the amount requested. Any excess subscription funds are due to be refunded as part of the settlement process.

What should international residents check before subscribing?

• Confirm that your Emirates ID is valid.
• Make sure you have a valid DFM NIN and that your registered details are current.
• Check the subscription channel and any bank, broker or custody fees that may apply.
• Read the official offering information and understand the five-year maturity before investing.
• Do not assume that being able to trade the sukuk from 1 October guarantees a particular resale price.

Frequently asked questions

Can expatriates in the UAE invest?

Yes. The Ministry of Finance states that eligible UAE residents with a valid Emirates ID and DFM NIN can participate, as can UAE nationals.

What is the minimum investment?

The minimum subscription is AED 1,000.

When does the offer close?

Subscriptions close at 14:00 UAE time on 28 September 2026.

Can the sukuk be sold before the five years are up?

The issue is scheduled to trade on Nasdaq Dubai from 1 October 2026. Secondary-market prices can change, so selling before maturity may produce a different outcome from holding the sukuk to maturity.

Official sources

Babylon verified the terms against the UAE Ministry of Finance Retail T-Sukuk page, the Ministry’s 22 September pricing announcement and Emirates NBD’s official second-issue timetable and subscription guide.

Last fact-checked: 22 September 2026. This article explains the published terms of the offer and is not personalised investment advice.