ABU DHABI, 28th November, 2025 (WAM) -- The Ministry of Finance (MoF), in its capacity as issuer and in collaboration with the Central Bank of the UAE (CBUAE) as issuing and payment agent, announced the successful completion of the November 2025 auction of UAE dirham-denominated Islamic Treasury Sukuk (T-Sukuk), with a total issuance of AED1.1 billion.

This is the last auction for the calendar year 2025 of the T-Sukuk issuance programme, as published on the MoF's official website.

The auction witnessed strong participation from the eight primary dealers across both tranches maturing in October 2027 and May 2030. Total bids amounted to AED5.48 billion, representing an oversubscription of 5 times. This robust demand reflects investors' confidence in the UAE's creditworthiness and Islamic finance framework.

The auction results highlighted competitive, market-driven pricing with a YTM of 3.52 percent for the October 2027 tranche and 3.63 percent for the May 2030 tranche. These yields represent a tight spread of up to 5 basis points above comparable US Treasuries at the time of issuance.

Additionally, these Sukuk are listed under the UAE Treasury Islamic Sukuk Programme with Nasdaq Dubai, enhancing investor access in the secondary market.

During the full year 2025, the Ministry successfully conducted nine auctions, issuing a total of AED9.9 billion, with maturities ranging between 2 years to 5 years. Total bids received throughout the year reached AED53.8 billion, reflecting a robust average oversubscription of 5.4 times.

The programme also delivered highly competitive pricing, achieving an average spread of only 3 basis points above comparable US Treasuries at the time of issuance, underscoring the strong demand for UAE sovereign dirham-denominated Islamic instruments.

The issuance activity at regular intervals has played a pivotal role in building and strengthening the UAE local currency Dirham yield curve, which is now available on Bloomberg, enhancing transparency for all investors and accessibility to all other issuers who would like to benchmark their spread to the sovereign yield curve for any domestic currency capital market issuance.

The Islamic T-Sukuk programme plays a vital role in developing the UAE's dirham-denominated yield curve, offering secure investment instruments for a wide range of investors.

Furthermore, it reinforces the local debt capital market, contributes to developing a broader investment landscape, and supports the UAE's long-term economic sustainability and growth objectives.