The Ministry of Finance, in coordination with the Central Bank of the UAE as issuing and payment agent, successfully completed the January 2026 auctions of dirham-denominated Treasury Islamic Sukuk (T-Sukuk) and Treasury Bonds (T-Bonds), raising a total of AED1.1 billion. These transactions represent the first issuances under the T-Sukuk and T-Bonds programmes for the year. Moreover, the T-Bonds tranche marks the first new issuance since March 2023, supporting the development of the AED yield curve and enhancing secondary market depth and liquidity.
Strong investor demand and competitive pricing
The auctions attracted robust participation from primary dealers, with total bids reaching AED5.15 billion, equivalent to an oversubscription of 4.7 times. As a result, yields remained competitive, with a YTM of 3.66% for the T-Sukuk maturing October 2027 and 3.90% for the T-Bond maturing January 2031. Additionally, the T-Bonds and T-Sukuk are listed on Nasdaq Dubai, improving secondary-market investor access.
Supporting UAE debt market development
With these issuances, total outstanding under the programmes reached AED28 billion, covering maturities from 2 to 5 years. Furthermore, the AED T-Sukuk and T-Bond programmes reinforce the local debt market, expand secure investment options, and contribute to the UAE’s long-term economic growth and sustainability.
