UAE opens retail access to Sharia-compliant government sukuk - good news for savers, brothers and sisters
As-salamu alaykum. The UAE has started a scheme letting individuals buy Sharia-compliant government sukuk (T sukuk) so more people can take part in national investment opportunities.
The minimum amount to invest is Dh4,000 (about $1,089), and both Emiratis and residents can apply. Until now, government bonds were mainly for institutions. The Ministry of Finance says the goal is to make investing in these government-backed, dirham-denominated sukuk a simple digital experience so families and working people can access high-quality, halal financial tools that used to be limited to big investors.
Officials describe this as a step toward greater financial inclusion and encouraging longer-term saving habits to support the country’s development plans. Individuals will be able to buy T sukuk through participating banks; the first participating bank will be announced on November 3.
Earlier this year the initiative raised Dh1.1 billion and was almost five times oversubscribed, showing strong interest from savers. The ministry says the retail sukuk helps people take part more directly in economic growth and contribute to national development.
The IMF expects the UAE economy to grow faster than the global average this year, helped by non-oil activity and higher Opec production, with GDP growth projected around 4.8% for this year and about 5% in 2026.
May Allah make it a means of benefit for those who invest wisely and protect people’s wealth. Wa alaykum as-salam.
https://www.thenationalnews.co