The UAE’s first seven-year dirham Islamic government bonds attracted orders worth six times more than the amount offered, the finance ministry has said. The AED550The UAE’s first seven-year dirham Islamic government bonds attracted orders worth six times more than the amount offered, the finance ministry has said. The AED550

UAE’s seven-year treasury sukuk oversubscribed

2026/02/23 18:20
2 min read

The UAE’s first seven-year dirham Islamic government bonds attracted orders worth six times more than the amount offered, the finance ministry has said.

The AED550 million ($150 million) treasury sukuk tranche, also known as T-sukuk, had strong demand, with the order book reaching nearly AED3.1 billion, the ministry said in a statement.

Overall demand for two tranches, which mature in May 2030 and February 2033, reached AED5.9 billion. This represents an oversubscription ratio of 5.3 times.

The yield-to-maturity was 3.53 percent for May 2030 and 3.779 percent for February 2033, priced below par to comparable US Treasuries.

The sukuk, or sharia-compliant bonds, are listed under the UAE treasury Islamic sukuk programme with Nasdaq Dubai, which aids investor access to the secondary market.

Further reading:

  • UAE opens up treasury sukuk to individual investors
  • UAE to sell first dirham T-sukuk worth nearly $300m
  • UAE’s first dirham T-sukuk gets bids worth $2.3bn

The government says the Islamic T-sukuk programme plays a vital role in developing the UAE’s dirham-denominated yield curve. It also supports the country’s long-term economic sustainability and growth objectives.

In October the finance ministry said retail investors in the UAE would soon be able to invest in T-sukuk that were previously available only to institutions. The minimum investment was set at AED4,000.

Finance minister Sheikh Maktoum bin Mohammed Al Maktoum said the initiative aimed to make investment in government bonds an “accessible, comprehensive digital experience” for citizens and residents.

Market Opportunity
Ucan fix life in1day Logo
Ucan fix life in1day Price(1)
$0.0008849
$0.0008849$0.0008849
+3.91%
USD
Ucan fix life in1day (1) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Big News: First U.S. Spot XRP and DOGE ETF by Rex-Osprey Officially Launches: Details

Big News: First U.S. Spot XRP and DOGE ETF by Rex-Osprey Officially Launches: Details

In a landmark development for digital asset investors, REX-Osprey, a collaboration between REX Shares and Osprey Funds, has rolled out the first-ever U.S.-listed exchange-traded funds (ETFs) offering direct spot exposure to Dogecoin (DOGE) and XRP. According to a press release on Businessnewswire, the new products, trading under tickers DOJE and XRPR on the Cboe exchange, mark a significant step in bringing two of the most recognized cryptocurrencies into regulated investment vehicles. Dogecoin Gets Its First ETF The launch of DOJE represents a historic milestone as the first Dogecoin spot ETF in the United States. Once regarded as a meme coin driven by online culture and celebrity endorsements, Dogecoin has since grown into one of the top cryptocurrencies by market capitalization, supported by a highly active global community. Also Read: Massive Breakout Imminent? ‘XRP is Now Where ETH Was in 2017 Right Before Explosion’ By structuring DOGE under the 1940 Act fund framework, REX-Osprey is making the asset more accessible to traditional investors who prefer trading through established brokerage accounts rather than crypto exchanges. Analysts note that this could broaden institutional interest in DOGE, especially as regulatory-compliant exposure options expand. XRP ETF Brings Utility-Focused Crypto Into Spotlight Alongside DOJE, the XRPR ETF provides exposure to XRP, the digital asset powering Ripple’s payments network. XRP has long been associated with fast, low-cost cross-border transactions, a use case that has attracted growing attention from both banks and payment providers. The XRPR fund will hold most of its assets directly in spot XRP, with the remainder invested in XRP-backed exchange-traded products. This hybrid structure aims to provide investors with a liquid and straightforward way to gain exposure to an asset that continues to be at the center of conversations about the future of international payments. Expanding a Growing ETF Lineup The new DOGE and XRP ETFs follow the July debut of the REX-Osprey SOL + Staking ETF (SSK), which became the first U.S.-listed ETF to combine spot Solana exposure with on-chain staking rewards. That fund has already surpassed $275 million in assets under management and recently converted to a Regulated Investment Company (RIC) structure, boosting tax efficiency for investors while keeping its staking benefits intact. According to Greg King, CEO of REX Financial and Osprey Funds, the launch of DOJE and XRPR underscores the firm’s ambition to pioneer regulated investment pathways for digital assets. “ETFs have always been about access,” King said in a statement. “The digital asset revolution is accelerating, and to deliver exposure to leading tokens like Dogecoin and XRP within the protection of the U.S. ETF framework is something we are proud to bring to the market.” What This Means for Crypto Adoption Market watchers suggest that the arrival of DOGE and XRP ETFs could broaden crypto exposure in retirement portfolios, wealth management products, and institutional trading desks. For Dogecoin, this marks a shift from meme-driven volatility to potentially more structured investment flows. For XRP, the ETF comes at a time when analysts, including those at Morgan Stanley, have speculated on its potential to capture a share of the $150 trillion cross-border payments market currently dominated by SWIFT. With these launches, REX-Osprey continues to carve out a niche as one of the leading firms bridging crypto-native assets with the regulated ETF space, setting the stage for broader institutional adoption in the coming years. Also Read: Egrag Crypto: XRP Could be Around $6 or $7 by Mid-November Based on this Analysis The post Big News: First U.S. Spot XRP and DOGE ETF by Rex-Osprey Officially Launches: Details appeared first on 36Crypto.
Share
Coinstats2025/09/18 21:40
‘Failed Experiment’: Are Bitcoin Treasury Companies Dumping BTC? Bitdeer Holdings Hit Zero

‘Failed Experiment’: Are Bitcoin Treasury Companies Dumping BTC? Bitdeer Holdings Hit Zero

The post ‘Failed Experiment’: Are Bitcoin Treasury Companies Dumping BTC? Bitdeer Holdings Hit Zero appeared first on Coinpedia Fintech News SwanDesk CEO Jacob
Share
CoinPedia2026/02/23 20:45
‘Not ours’: Rizal gov’t washes hands of Rodriguez landfill incident

‘Not ours’: Rizal gov’t washes hands of Rodriguez landfill incident

Rodriguez Mayor Ronnie Evangelista says the town has 'limited scope of authority' over the landfill
Share
Rappler2026/02/23 20:12