“The success of launching the Islamic Treasury Sukuk auction reflects investors’ confidence in the UAE as a global investment hub and one of the most competitive and advanced economies in the world,” Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance of the UAE, tweeted on Wednesday.

“The success of launching the Islamic Treasury Sukuk auction reflects investors’ confidence in the UAE as a global investment hub and one of the most competitive and advanced economies in the world,” Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance of the UAE, tweeted on Wednesday.

The first T-Sukuk auction will soon be followed by a listing on Nasdaq Dubai to promote secondary market trading along with primary dealers. The T-Sukuk programme was developed in uniform pricing (the Dutch Auction) for final bid acceptance of bids and final allocation amounts, regardless of the lower-priced bids received to ensure full transparency in accordance with global best practices for sukuk structuring.