The latest Islamic Treasury Sukuk auction for November 2025 closed with AED1.1 billion issued and strong participation across both tranches. Investors submitted AED5.48 billion in total bids, which resulted in an oversubscription of five times. This high demand demonstrates confidence in the UAE’s financial stability and its well-established Islamic finance ecosystem. Moreover, the two tranches—maturing in October 2027 and May 2030—attracted competitive pricing, offering yields of 3.52 percent and 3.63 percent respectively.
Continuous Issuance Strengthens Local Debt Market
Throughout 2025, nine auctions were carried out, and the total issuance reached AED9.9 billion. As a result, bids for the year accumulated to AED53.8 billion, maintaining an average oversubscription of 5.4 times. The pricing also remained tight, with spreads averaging just 3 basis points above comparable US Treasuries. These consistent results helped reinforce the UAE’s dirham-denominated yield curve, which is now accessible on Bloomberg, making local market benchmarks clearer for future issuers.
Expanding Access and Supporting Long-Term Growth
Listing the Sukuk on Nasdaq Dubai continues to improve investor access in the secondary market. Additionally, the programme provides secure investment tools, broadens the investment landscape, and supports long-term economic sustainability. With regular issuance and transparent pricing, the Sukuk framework contributes to the development of a stronger local debt capital market while encouraging wider participation across both regional and global investors.
