UAE residents can invest in Retail Sukuk from $1,089 through the Emirates Islamic App
The UAE Ministry of Finance (MOF) has strengthened its Retail Sukuk program by signing a new agreement with Emirates Islamic Bank, allowing residents and non-residents to invest on the bank’s digital platform.
The partnership marks the third deal under the Retail Sukuk program and is part of the country’s broader efforts to increase financial inclusion and promote long-term savings.
Under the program, investors will be able to purchase Fractional T-Sukuk in small denominations directly through the EI + Mobile Banking application, with a minimum investment requirement of AED4,000 ($1,089).
The Department said the digital process is designed to provide a seamless, secure and comprehensive user experience.
UAE Retail Sukuk Investment
Using the Emirates Islamic Platform, UAE nationals and citizens can complete registration online using Emirates ID or UAE Pass, fulfilling KYC requirements and creating a risk profile for investors.
Users can also access the full terms of T-Sukuk and transaction information, which is in line with the Ministry of Finance’s objective of promoting transparency and financial literacy.
Mariam Mohamed Al Amiri, Assistant Secretary of Government Financial Control at the Ministry of Finance, said: “Our collaboration with Emirates Islamic Bank will facilitate the access of the Ministry’s tools directly to the people through secure and advanced digital channels.
“With leading national institutions joining the ‘Sturel Sukuk’ program, we are also strengthening our efforts to improve financial inclusion and provide our community members with access to stable, government-backed investment instruments.
“This program helps instill a culture of sustainable savings and investment among Emiratis and residents, while also strengthening the growth of the Islamic financial sector and supporting the development of local financial markets.
“By expanding the institution’s participation in providing safe and transparent financial products, we will strengthen the foundations of financial stability and contribute to the growth of key sectors and the continued economic development of the UAE.”
Islamic Finance
Farid Allilla, CEO of Emirates Islates, said: “Emirates Islamic is proud to partner with the Ministry of Finance with the EI + Retails Sukument APP on the EI + Mobile Banking App underlining the bank’s commitment to new financial innovation.”
Mohammad Kamran Wajid, Deputy CEO of Emirates Islates, said: “Retail Sukuk is a commercial financial system that is able to find opportunities for retail investment, thus we offer the principles of Islamic Shariah.”
Education Investor
All T-Sukuk issued by the Ministry of Finance will be listed on the Emirates Islamic Platform. The Bank will facilitate the registration and trading of primary shares or secondary market transactions.
In addition, Emirates Islatic will promote investor awareness through educational sessions, dedicated FAQs and regular surveys, ensuring customers have the tools and knowledge to make informed decisions.
This move is part of the government’s broader objective to increase participation in safe, transparent, government-backed products.
