QCB Issues QR3 Billion Ijara Sukuk

Qatar Central Bank (QCB) has issued government ijara sukuk worth QR3 billion on behalf of the Ministry of Finance, the bank announced on Tuesday. The issuance comprises two tranches of QR1.5 billion each, both additions to existing sukuk issues.

The first tranche matures on January 16, 2029, and carries a yield of 5.40 percent. The second matures on August 19, 2031, with a yield of 5.65 percent. The total value of bids submitted for the sukuk reached QR7.1 billion.(QNA)