Abu Dhabi, UAE — The UAE Ministry of Finance (MoF), in collaboration with the Central Bank of the UAE, has completed the September 2025 auction of dirham-denominated Islamic Treasury Sukuk (T-Sukuk), raising AED1.1 billion.
The auction, part of the UAE’s 2025 T-Sukuk programme, saw strong demand from the eight primary dealers, with bids reaching AED5.1 billion — an oversubscription of 4.6 times. The two tranches offered mature in August 2028 and May 2030.
Yields to maturity were set at 3.64 percent for the 2028 tranche and 3.72 percent for the 2030 tranche, marking a spread of up to just five basis points above comparable US Treasuries. The pricing highlights both competitive market demand and investors’ confidence in the UAE’s creditworthiness and Islamic finance framework.
The sukuk have been listed on Nasdaq Dubai, providing enhanced access for investors in the secondary market. Officials said the T-Sukuk programme plays a key role in developing the dirham yield curve, strengthening the domestic debt market, and supporting the UAE’s long-term economic sustainability agenda.
