The Ministry of Finance announced yesterday the successful auction of government Islamic bonds known as “T-Sukuk,” denominated in dirhams, for July, amounting to 1.1 billion dirhams. This auction is part of the Islamic treasury bond program for 2025.
The event saw strong interest from eight major banks participating in both tranches maturing in August 2028 and May 2030. The total bids received reached 5.35 billion dirhams, indicating a subscription level nearly five times higher than the initial amount. The success of the auction highlights the competitive pricing based on market mechanisms.