ADIB and MoF launch dirham-denominated sovereign Sukuk for retail investors

UAE: Abu Dhabi Islamic Bank (ADIB) and the UAE Ministry of Finance (MoF) launched the first dirham-denominated sovereign Sukuk for retail investors via the ADIB Smart Sukuk Platform. This allows investors access with a minimum of AED4,000 (US$1,089), compared to the typical AED100,000 (US$27,229) entry point for MoF Sukuk and US$200,000 for US dollar-denominated Sukuk, with the flexibility to make additional investments in increments of AED4,000, up to AED28,000 (US$7,624) per transaction.