Qatar’s Islamic debt market saw another strong outing on Tuesday after the Qatar Central Bank rolled out government-backed Ijara sukuk worth QR4 billion ($1.09 billion) on behalf of the Ministry of Finance, attracting bids that far exceeded the amount on offer.
Investor appetite came in forcefully, with subscriptions climbing to nearly QR11.4 billion, underscoring continued confidence in Qatar’s sovereign debt instruments despite a cautious global rates environment.
The issuance was split across two reopenings of existing sukuk tranches. One QR2 billion segment carries a maturity date of September 3, 2028, offering a yield of 4.450 percent. The second QR2 billion tranche matures on August 24, 2030, with a slightly higher yield of 4.475 percent.
The central bank disclosed the details through its official social media channels, noting that both offerings were structured as additions to previously issued sukuk rather than entirely new instruments.
The robust order book highlights persistent regional demand for Shariah-compliant assets, particularly sovereign issuances viewed as stable long-term holdings by banks and institutional investors across the Gulf.
