Abu Dhabi Islamic Bank (ADIB) has become the first lender to join the UAE's recently launched retail sukuk initiative, which allows individuals to invest in Sharia-compliant government bonds in the country. Previously, only institutional investors were allowed to invest in government bonds.
Under the agreement, individual investors in the UAE can access and invest in Islamic treasury sukuk (T-sukuk) through ADIB’s Smart Sukuk platform, which allows investment in fractional bonds in smaller denominations, the Ministry of Finance said on Monday.
People can start with a minimum investment of Dh4
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