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Retail SukukShariah-Compliant Fixed Income, Listed in Dubai
Once Exclusive to Institutions. Now Open to Individual Investors. Earn regular, predictable returns from Shariah-compliant investments, listed and traded on Nasdaq Dubai.
What is Retail Sukuk?
Retail Sukuk are Shariah-compliant investment instruments that allow individual investors to earn regular profit over the duration of the Sukuk, or until they sell it. The profit is calculated based on the Sukuk’s profit rate and is paid either annually or multiple times a year, depending on the Sukuk’s terms.
If held until maturity, investors receive their initial investment amount back. Retail Sukuk are issued in smaller denominations, starting from AED 1,000, making them accessible to individual investors.
Retail Sukuk are listed and traded on Nasdaq Dubai, giving investors the flexibility to buy or sell their holdings before maturity.
Earning From Your Sukuk
You invest AED 10,000 in a Sukuk with a 5% Profit Rate (Coupon Rate) and a 3-year term.
You InvestAED 10,000one-time investment
1
You invest AED 10,000. You receive Sukuk certificates.
Total EarningsAED 1,500AED 250 × 6 payments (twice a year, 3 years)
2
Every 6 months, AED 250 is paid directly into your account. That gives you 6 payments in total, earning AED 1,500 over 3 years.
Total ReturnAED 11,500after 3 years
3
At the end of year 3, your original investment of AED 10,000 is returned to you in full, along with all the earnings you made.
For illustrative purposes only. Actual profit rates, terms, payment schedules, and returns may vary depending on the issuance. Investments are subject to market risks and issuer obligations. This information does not constitute financial, investment, or Shariah advice.
Sukuk vs. Shares: How they differ
| Sukuk | Shares | |
|---|---|---|
| What you own | Contribute capital to a real asset or project | A piece of the company itself, for as long as you hold it |
| How you earn | Regular payments at a rate agreed from the start | Dividends (if paid) plus any rise in the share price, neither is guaranteed |
| How risky | Lower, as your money is repaid at maturity/end date of the Sukuk | Higher, as dividend may be suspended and the share price may fall. |
| Getting my money returned | Your money will be repaid on the end date, or when you sell on Nasdaq Dubai | No automatic repayment. Only when you sell your shares will you be repaid |
| Price swings | Usually fairly steady | Can move up and down a lot |
| Shariah-compliant? | Yes, by design, and confirmed by a Fatwa from a Sharia Scholar | Possibly, if the company qualifies, but not by design |
Benefits of Retail Sukuk
The Retail Sukuk Initiative is built specifically for retail investors, offering direct access to listed Sukuk.
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Fixed, pre-agreed returns
Earn returns agreed in advance through structured profit distributions.
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Asset-backed and stable by nature
Linked to real assets, offering structural stability and consistent performance.
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Plan Your investment
A clear, structured approach to help you manage and grow your savings over time.
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Invest easily, exit when you need to
Offers flexibility for investors to invest and withdraw as needed, subject to product terms.
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Low Risk by Structure
Designed for stability with reduced exposure to market volatility.
Who Can Invest
Sukuk are open to both institutions and individuals. Who can take part depends on each offer, though. Some are open to everyone, while others are limited to institutions only or to individuals only. Always check the terms of the specific offer before you apply.
- UAE Nationals & Residents holding a valid Emirates ID, when the offer is open to individuals
- New and existing DFM investors, no prior experience required
- Institutions, with their own eligibility set per offer
- Each offer sets its own eligibility, so availability can differ from one Sukuk to the next
Obtaining a DFM Investor Number (NIN)
A NIN is required to subscribe and trade. NINs may be obtained through any of the following:
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iVestor Mobile Application
Register through the iVestor App to obtain your NIN instantly.
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Licensed Trading Member
Apply through a licensed trading member of DFM or Nasdaq Dubai.
How to Subscribe to Retail Sukuk?
Subscribe during the designated subscription window through your preferred DFM platform. An active DFM Investor Number (NIN) is required.
DFM App
Go to IPO / Sukuk Subscriptions in the DFM App and follow the step-by-step guided flow to subscribe in minutes.
iVestor App
Open iVestor and navigate to Subscriptions. The app guides you step-by-step and allows payment via your iVestor Card.
Receiving Banks
You may also subscribe through the issuer’s receiving bank. The Prospectus provides details of the participating bank and the available subscription methods.
IPO Subscription Platform - Arena
Subscribe online via the DFM e-Services portal. Available during designated subscription periods only.
How to Trade Retail Sukuk?
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Start Trading
Once you appoint a broker, start trading through iVestor app, their mobile app, or online platform.
Search for the Retail Sukuk by name or symbol in the Sukuk / Bonds section. Select Buy or Sell, enter quantity (above the applicable minimum), and confirm.
Search for the Retail Sukuk by name or symbol in the Sukuk / Bonds section. Select Buy or Sell, enter quantity (above the applicable minimum), and confirm.
3
Track Your Portfolio
View and track your portfolio and trading activity via DFM App or iVestor app.
Keep track of latest trades and price changes on DFM and Nasdaq Dubai listed securities. Apply for an iVestor Card and access online statements and controls anytime.
Keep track of latest trades and price changes on DFM and Nasdaq Dubai listed securities. Apply for an iVestor Card and access online statements and controls anytime.
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