Finance Ministry lists second retail sukuk tranche on Nasdaq Dubai; offering 5.7x oversubscribed

UAE Ministry of Finance

The UAE Ministry of Finance announced the listing and start of trading of the second tranche of its retail AED-denominated sukuk program, with a five-year tenor, on the secondary market at Nasdaq Dubai, following the completion of subscription, allocation, and settlement procedures.

In a statement, the ministry said subscription orders for the tranche reached AED 285 million, representing about 5.7 times the targeted size of AED 50 million.

Individual investors subscribing with amounts of AED 10,000 or less accounted for 75% of total orders, while UAE nationals represented 69% of total demand. The offering drew investors from 110 nationalities. 

The ministry indicated that the start of trading on the secondary market on Nasdaq Dubai enables investors to increase their holdings of sukuk or to make an early exit by selling on the exchange.

The ministry added that about half of the individual participants were returning investors who participated in the first issuance, noting strong participation from young investors under the age of 25.

According to data available to Argaam, the Ministry of Finance announced last September the opening of subscription for the second issuance during the period from September 23 to September 28, 2026, with a five-year term and an annual profit rate of5.06 %, paid semiannually, and a minimum subscription of AED 1,000.