The UAE Ministry of Finance has confirmed the successful conclusion of the May 2025 auction for UAE Dirham-denominated Islamic Treasury Sukuk (T-Sukuk), with a total issuance of AED 1.1 billion.
The offering attracted significant interest, with total bids reaching AED 6.93 billion—equating to an oversubscription rate of 6.3 times.
This strong response reflects investor confidence in the UAE’s credit profile and its established Islamic finance framework, according to the ministry.
The issuance is part of the broader T-Sukuk programme planned for 2025.
The auction drew strong participation from eight primary dealers, covering both the reopened tranche maturing in May 2027 and a newly introduced 5-year tranche set to mature in May 2030.
Auction outcomes revealed competitive, market-based pricing, with yields to maturity of 3.99 per cent for the May 2027 tranche and 4.06 per cent for the May 2030 tranche.
The Islamic T-Sukuk programme plays a key role in strengthening the UAE’s dirham-denominated yield curve, offering secure investment options to a diverse investor base.
In addition, it supports the domestic debt capital market, enhances the overall investment landscape, and aligns with the UAE’s strategic objectives for sustainable economic growth.
