UAE debt programme: second retail T-Sukuk and treasury bond demand
24 Sep 2026
The Ministry of Finance is building a local-currency debt market, and recent announcements show how the programme is developing.
Second retail T-Sukuk
The Ministry announced a second issuance under the Sovereign Retail T-Sukuk Programme with a five-year tenor and a profit rate of 5.06%. Subscriptions opened on 23 September.
May treasury bond auctions
In May the Ministry, with the Central Bank of the UAE as issuing and payment agent, completed AED 1.1 billion of dirham T-Bond auctions. Bids reached AED 4.74 billion, an oversubscription of 4.3 times. The Ministry said yields priced at a spread of up to 14 basis points over comparable US Treasuries.
Why treasurers care
- A government yield curve in dirhams gives corporates a reference for pricing local loans and bonds.
- Retail Sukuk adds a new savings option for individuals and family businesses.
- Strong oversubscription signals investor confidence in the UAE credit.
Use the loan simulation on this site to test how a 5% to 7% rate changes instalments over different tenors.
Summary for general information, not advice. This article covers United Arab Emirates only; rules in other countries differ. Check the official text and your own circumstances. Last reviewed 24 Sep 2026.