The UAE government’s first auction of dirham-denominated Islamic treasury Sukuk worth AED1.1 billion (US$299.5 million) was oversubscribed, while Saudi Arabia floated dual-tranche dollar Sukuk. EMIR ZAINUL rounds up this past week’s Shariah sovereign securities highlights. UAE The UAE government’s first auction of dirham-denominated Islamic treasury Sukuk worth AED1.1 billion was oversubscribed as it received total bids of AED8.3 billion (US$2.26 billion). The Sukuk facility’s two-year and three-year tranches received final allocations of AED550 million (US$149.75 million) each. Following that, the....