UAE – Mubasher: Nasdaq Dubai has welcomed the listing of additional UAE dirham-denominated Islamic Treasury Sukuk at a total value of AED 1.10 billion, according to a press release.
Issued by the Ministry of Finance, the offering represents tap issuances of two existing series under the UAE Federal Government’s Islamic Treasury Sukuk (T-Sukuk) program.
This issuance includes a AED 550 million tap of the 3.49% Sukuk due October 2027, increasing its total outstanding to AED 2.20 billion, alongside a AED 550 million tap of the 3.77% Sukuk due February 2033, which currently stands at AED 1.10 billion.
This step will further accelerate the ministry’s approach to developing local currency government debt instruments, thereby improving the dirham yield curve, broadening the investor base, and supporting the development of a deeper and more diversified fixed-income market.
Chairman of Nasdaq Dubai, Abdul Wahed Al Fahim, said: “The UAE is committed to further promoting its position as a leading hub for the development of capital markets. The strong demand for the Islamic Treasury Sukuk program reflects the confidence investors place in the resilience of the country’s economy and the sustainability of its long-term development vision."
Al Fahim added: “The program also contributes to enhancing the dirham-denominated yield curve and reinforces the UAE’s standing as a trusted and attractive destination for investors from around the world.”
CEO Hamed Ali commented: “As investor demand for such instruments continues to grow, Nasdaq Dubai remains well positioned to facilitate efficient market access and support the continued development of capital markets in the region.”
With these tap issuances, the total value of outstanding Sukuk currently listed by the UAE federal government on Nasdaq Dubai hit $7.50 billion.
Meanwhile, the total value of outstanding Sukuk listed on Nasdaq Dubai stands at $99.40 billion, reinforcing the exchange’s position as one of the world’s leading international hubs for Islamic finance.
In the first quarter (Q1) of 2026, Nasdaq Dubai raised over $8 billion across 18 fixed income listings, bringing the total outstanding debt listings to $149 billion.
