Ministry Of Finance Partners With Emirates NBD To Expand Retail Sukuk Initiative For Investors

The Ministry of Finance (MoF) has partnered with Emirates NBD to enhance investment opportunities in UAE Government Treasury Bonds and Islamic Treasury Sukuk. This collaboration, part of the "Retail Sukuk" Initiative, allows citizens and residents to invest through digital platforms. The agreement aims to simplify access to these financial instruments, promoting broader participation in the UAE's financial markets.

Under this initiative, individuals can invest in fractional T-Bonds and T-Sukuk with a minimum amount of AED4,000. This move aligns with the Ministry's goal to expand the investor base and encourage financial inclusion across the nation. UAE nationals and residents can register online using their Emirates ID or UAE PASS, complete KYC requirements, and create a risk profile on the platform.

Younis Haji AlKhoori, Under-Secretary of the Ministry of Finance, stated that Emirates NBD's involvement marks a significant step in supporting national programmes. He noted that this initiative is not just about offering investment products but also about fostering a culture of saving and sustainable investment among citizens and residents. The collaboration reflects the Ministry's commitment to empowering private sector participation in developing innovative financial tools.

AlKhoori emphasised that providing individuals with a secure digital investment experience is a priority for the Ministry. This approach ensures access to detailed information on available products, including issuance terms, returns, and maturity dates. He added that enabling families to plan their finances through reliable government-backed tools enhances long-term financial stability.

Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, highlighted the bank's dedication to strengthening local capital markets through this partnership. By offering access to UAE T-Bonds and T-Sukuk via the ENBD X mobile application, they aim to deepen the domestic debt market. This effort supports sustainable economic growth and reinforces the UAE's position as a global centre for Islamic finance.

Emirates NBD will list all T-Bonds and T-Sukuk issued by the Ministry on its platform. Investors can engage in primary allocations or secondary-market transactions easily. The bank plans to organise awareness sessions, introduce an FAQs section, and conduct investor surveys for a transparent investment experience.

Promoting Financial Awareness

The Ministry confirmed that this agreement represents the second phase of strategic partnerships under the "Retail Sukuk" Initiative. These partnerships aim to increase access to T-Bonds and T-Sukuk while promoting financial awareness across society. The initiative seeks to embed responsible saving as a key element of the UAE’s long-term financial sustainability.

"Our partnership with the Ministry of Finance demonstrates ENBD’s commitment," said Al Qassim. "By providing individual investors with access via our mobile app, we contribute to deepening the domestic debt market." He added that ENBD continues using innovative technology to diversify market participation and advance financial inclusion across the UAE.

With inputs from WAM