His Excellency Mohamed Bin Hadi Al Hussaini, UAE’s Minister of State for Financial Affairs, on Monday, rang the market-opening bell to celebrate and mark the listing of the domestic Dirhams Islamic Treasury Sukuk (T-Sukuk) on Nasdaq Dubai.
The UAE, represented by the Ministry of Finance as the issuer, and in collaboration with the Central Bank of the UAE as the issuing and paying agent, has announced launching dirham-denominated Islamic Treasury Sukuk (T-Sukuk), with a benchmark auction size of Dh 1.1 billion.
The launching of Dirham-denominated Islamic Treasury Sukuk includes a series of issuances to attract a new category of investors and support the sustainability of economic growth. It is aimed at enhancing the UAE’s economic competitiveness by providing high-quality Islamic assets at competitive prices. This will support the Central Bank of the UAE in managing liquidity within the banking sector and boost the size of financial investments. It will reflect positively on th...