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Sukuk
Ijarah
UAE Federal T-Sukuk 2028
UAE Ministry of Finance · United Arab Emirates
Dirham-denominated federal Treasury Sukuk issued through scheduled auctions to build a local currency Islamic yield curve.
Key terms
- Issuer profile
- UAE Ministry of Finance
- ISIN
- AED01283C235
- Structure
- Ijarah
- Issue size
- AED 4.4B
- Ccy
- AED
- Minimum investment
- AED 1M
- Payment frequency
- semi-annual
- Listing venue
- Nasdaq Dubai
- Governing law
- UAE law
Pricing
- Profit rate
- 4.35% (fixed)
- Indicative price
- 100.40
- Yield to maturity
- 4.21%
- Spread
- 35 bps
- Ratings
- Aa2 / AA / AA-
Key dates
- Issue date
- 24 Aug 2023
- Maturity date
- 24 Aug 2028
- Tenor
- 5 years
Shariah information
- Shariah advisor
- UAE Higher Shariah Authority
- AAOIFI aligned
- ✓
- Underlying asset
- Federal government assets under an Ijarah arrangement
- Use of proceeds
- General federal budget purposes