In a significant move for the UAE's financial landscape, Nasdaq Dubai has announced the listing of AED 1.1 billion worth of Islamic Treasury Sukuk. This development underscores the UAE's commitment to strengthening its Islamic finance ecosystem, further solidifying its position as a global leader in the sector.

The listing was marked by a ceremonial ringing of the market-opening bell by H.E. Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs. The event was attended by key figures including His Excellency Younis Haji AlKhoori, Undersecretary of the Ministry of Finance; Abdul Wahed Al Fahim, Chairman of Nasdaq Dubai; and Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM).

The AED 1.1 billion issuance comprises tap issuances of two existing series under the UAE Federal Government’s Islamic Treasury Sukuk (T-Sukuk) Programme. This includes a AED 550 million tap of the 3.49% Sukuk due October 2027, increasing its total outstanding to AED 2.2 billion, and a AED 550 million tap of the 3.779% Sukuk due February 2033, now standing at AED 1.1 billion.

H.E. Al Hussaini emphasized that this move reaffirms the Ministry of Finance’s commitment to supporting the UAE Government’s Islamic Treasury Sukuk Programme. The initiative aims to develop local currency government debt instruments, enhance the dirham yield curve, and broaden the investor base, thereby fostering a deeper and more diversified fixed-income market.

For investors, the listing of these Sukuk on Nasdaq Dubai presents a robust opportunity to engage with the UAE's thriving Islamic finance sector. The strong demand for Islamic Treasury Sukuk is a testament to the sustained growth and resilience of the UAE economy.

Given the strategic importance of this development and the UAE's ongoing efforts to expand its Islamic finance footprint, investors are advised to consider a buy position on the Dubai Financial Market PJSC. The alignment with Islamic finance principles and the backing by the Government of Dubai further enhance the attractiveness of this investment.