The UAE Ministry of Finance, in coordination with the Central Bank of the UAE (CBUAE), has issued its first-ever seven-year UAE dirham-denominated Islamic Treasury Sukuk, valued at AED 550 million. The tranche marks the longest tenor under the programme to date and attracted bids of approximately AED 3.1 billion, nearly six times the issuance size.
The February auction formed part of the 2026 Islamic Treasury Sukuk Programme, with total bids across tranches reaching AED 5.88 billion (USD 1.6 billion), reflecting strong investor confidence. The sukuk were competitively priced and listed on Nasdaq Dubai.
Officials said the issuance strengthens the UAE’s Islamic finance sector, deepens the dirham yield curve and supports the development of the domestic debt capital market.
Gulf Economist Staff Writer