Browsing: Central Bank of the UAE

As the United Arab Emirates continues to solidify its position as a global center for trade, finance, and investment, the introduction of Jaywan, its first domestic payment card scheme, marks a major shift in the country’s financial landscape. Developed by Al Etihad Payments under the Central Bank of the UAE, Jaywan is designed to enhance transaction efficiency, reduce dependency on international payment networks, and strengthen the country’s economic resilience.

The Ministry of Finance (MoF) as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, announced the results of the Islamic Treasury Sukuk (T-Sukuk) auction denominated in UAE dirhams, amounting to AED 1.1 billion. This issuance is part of the Islamic T-Sukuk issuance programme for the first quarter of 2025 as published on the Ministry’s website.