The Times of India

UAE launches first 7-year Islamic Sukuk: AED 550m tranche sees sixfold demand surge

The UAE has successfully launched its first seven-year Islamic Treasury Sukuk. This new offering, valued at AED550 million, attracted nearly six times its value in bids. The issuance marks the longest maturity under the program. This move strengthens the UAE's Islamic finance framework and the dirham yield curve. Investor confidence in the national economy remains high.