Moody's: UAE sukuk to raise $4.6B in 2026
Moody's focused on its expectations for the total Sukuk issuances in the UAE during the first half of 2026, which totaled around $4.6 billion. This figure is divided between financial institutions' issuances, amounting to $1.9 billion, led by First Abu Dhabi Bank and Dubai Islamic Bank, as well as Emirati corporate issuances, totaling $1.7 billion, predominantly in the real estate sector. Additionally, sovereign Sukuk issuance amounted close to $1 billion. The agency confirmed that the federal government continues to issue Sukuk within the Treasury program denominated in dirhams to strengthen local capital markets and diversify financing sources, despite geopolitical challenges. It also forecasted that second-half issuances will range between $140 billion and $150 billion. Global Sukuk issuances are expected to reach around $280 billion in 2026, with a slight 2% increase in total first-half issuances compared to last year, supported by corporate and short-term issuances.
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