QCB issues QR5bn Ijarah Sukuk on behalf of Ministry of Finance
Tribune News Network Doha The Qatar Central Bank (QCB) on Tuesday issued Government Ijarah Sukuk on behalf of the Ministry of Finance, with a total allocated value of QR5 billion,...
The Qatar Central Bank (QCB) issued Government Ijarah Sukuk worth QR5 billion on behalf of the Ministry of Finance, as part of the government's efforts to manage public financing and develop the domestic debt market. The Sukuk were allocated across two different maturities, with one QR2.5 billion tap issuance maturing on January 16, 2029, and a 4.75 percent yield.
The other QR2.5 billion tap issuance matured on August 24, 2030, with a 4.9 percent yield. The issuance attracted total bids worth QR5.5 billion, indicating strong demand above the allocated amount. The latest issuance provides investors with options across the medium-term segment of the fixed-income market, further enhancing the role of the domestic Sukuk market in supporting Qatar's financial system and offering investment opportunities to banks and other market participants.
Written by urgent.news from Qatar Tribune Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
