Moody's: $4.6B Emirati Sukuk in 2026
Moody's estimates that global sukuk issuances will reach around $280 billion in 2026, supported by strong demand for Sharia-compliant financing tools despite geopolitical challenges in the Middle East. In the first half of the year, global sukuk issuances increased by 2% to approximately $130 billion, driven by corporate and short-term issuances. It is expected that the second half will see issuance levels between $140 billion and $150 billion, with the market remaining stable. In the UAE, sukuk issuances totaled $4.6 billion in the first half of 2026, including $1.9 billion for financial institutions and $1.7 billion for corporates, particularly in the real estate sector. Additionally, a sovereign issuance worth $1 billion was made, with the federal government continuing to issue dirham-denominated sukuk under the Ministry of Finance’s program to strengthen local capital markets.
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