Abu dhabi: The Ministry of Finance (MoF), in collaboration with the Central Bank of the UAE (CBUAE), has announced the successful completion of the July 2025 auction for the UAE Dirham-denominated Islamic Treasury Sukuk (T-Sukuk) amounting to AED1.1 billion.
According to Emirates News Agency, this issuance is part of the T-Sukuk issuance programme for 2025, as detailed on the MoF's official website. The auction witnessed significant interest from eight primary dealers for the tranches maturing in August 2028 and May 2030. Total bids reached AED5.35 billion, indicating an oversubscription of nearly five times. This reflects strong investor confidence in the UAE's credit standing and its Islamic finance framework.
The results of the auction showed competitive, market-driven pricing with a Yield to Maturity (YTM) of 3.88% for the August 2028 tranche and 3.95% for the May 2030 tranche, aligning with comparable US Treasuries at the time of issuance.
The Islamic T-Sukuk programme is crucial for advancing the UAE's dirham-denominated yield curve, providing secure investment opportunities for investors. It also bolsters the local debt capital market, enhances the broader investment landscape, and aligns with the UAE's long-term economic growth and sustainability goals.
