Finance Ministry launches second Personal Sukuk
The UAE Ministry of Finance announced the listing and commencement of trading for the second issuance of government treasury bonds for individuals on NASDAQ Dubai, with a five-year tenor, following successful subscription and allocation processes. Subscription requests totaled 285 million dirhams, approximately 5.7 times the targeted issuance of 50 million dirhams. There was wide participation from investors across 110 nationalities, with 75% of the requests coming from individuals investing amounts of 10,000 dirhams or less. This step also represents a boost to financial inclusion and the provision of secure investment tools, while facilitating portfolio management through a flexible secondary market—further reaffirming investors’ confidence in the country's financial infrastructure.
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