Economy Country February 27, 2025

Strong Demand for Islamic Treasury Bonds in UAE

The Ministry of Finance announced a strong subscription for its Islamic Treasury Bonds (T-Sukuk) worth AED 1.1 billion, exceeding bids by 6.5 times.


Strong Demand for Islamic Treasury Bonds in UAE

As part of the program for the issuance of Islamic sukuk in the first quarter of 2025, the Ministry of Finance announced the results of the auction of T-Sukuk Islamic sukuk, valued at 1.1 billion dirhams in February. This information was published on the ministry's website. The issuance measures for Islamic sukuk attracted the attention of all eight banks serving the base tranche, the payments for which are expected in August 2028, and the tranche, the payments for which are expected in September 2029. The total proposed volume amounted to 7.1 billion dirhams, significantly exceeding the available issuance volume of 1.1 billion dirhams, and constituted a ratio of 6.5 times.