UAE: Abu Dhabi Islamic Bank (ADIB) will test fractional Sukuk offerings to retail investors, after receiving initial approval from the Legislation Laboratory of the UAE government under the supervision of the Securities and Commodities Authority. The cooperation between these three entities aims to provide a set of flexible laws and legislation for fractional sukuk – which lets customers access sukuk markets with a minimum US$1,000 investment, compared to US$200,000 otherwise.
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