UAE Debuts Seven-Year Islamic Treasury Sukuk Worth Dh550 Million

Feb 22, 2026

59 min

Feb 22, 2026 17:30

UAE issues first seven-year Islamic treasury Sukuk worth Dh550 million

## Historic Sukuk Issuance

The United Arab Emirates has launched its first seven-year Islamic Treasury Sukuk, valued at Dh550 million. This marks the longest maturity period under the UAE's Islamic Treasury Sukuk program to date.

## Strong Investor Demand

The issuance attracted bids totaling approximately Dh3.1 billion, nearly six times the amount offered. This overwhelming demand highlights strong investor confidence in the UAE's Islamic finance sector and its broader economic prospects.

## Auction Details

Part of a larger February auction, the seven-year sukuk was included in a total issuance of Dh1.1 billion. The auction also featured tranches maturing in May 2030 and February 2033, with total bids reaching Dh5.88 billion, about 5.3 times the issuance size.

## Competitive Pricing

The sukuk were competitively priced, with yields to maturity set at 3.53% for the May 2030 tranche and 3.779% for the February 2033 tranche. These rates were below comparable US Treasury yields at the time of issuance.

## Market Impact

Listed on Nasdaq Dubai, the sukuk aim to enhance the dirham-denominated yield curve and offer secure investment options. This move is expected to bolster the domestic debt capital market and support sustainable economic growth in the UAE.

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