Presidential decree about appointing vice ministers in several ministries
A decree No (161) of 2025 issued today, Thursday, by the Chairman of the Presidential Leadership Council about appointing Vice Ministers in a number of the Ministries.
Israeli aggression on Gaza leaves 51,157 people martyred, and 116,724 others Injured
The ongoing aggression by Israeli occupation forces on Gaza has resulted in a death toll of 51,157 and 116,724 injuries since October 7, 2023.
Oil rises as market awaits U.S.-China trade talks
Oil prices rose, today, Wednesday, remaining just above four-year lows, as investors focused on U.S.-China trade talks and signs of declining U.S. production.
Paris Saint-Germain Qualifies for Champions League Final with Victory over Arsenal
Paris Saint-Germain qualified for the Champions League final for the second time in its history, after repeating its 2-1 victory over Arsenal in the second leg of the semi-final.
User Name: Password:
CBY reviews performance of Islamic Sukuk and Products Unit during 2024
[06/01/2025 06:28]

ADEN - SABA
The Central Bank of Yemen (CBY), held a meeting today, Monday, in the temporary capital Aden, devoted to review the performance of the Islamic Sukuk and Products Unit during the past year 2024.

The Deputy Governor of the CBY Dr. Mohammad Banaja chaired the meeting which underlined the pivotal role of the Islamic Sukuk and Products Unit for the development of sovereign Islamic financial products.

The meeting elaborately discussed an all-inclusive vision to expand the scope of Islamic Sukuk, through the diversification of financial products to enhance its role as one of the most important tools of monetary policy, with a focus on supporting economic infrastructure.

The Deputy Governor of the CBY stressed that Islamic Sukuk is not only a financial instrument, but rather a fundamental pillar for achieving financial and monetary balance.

" The Islamic Sukuk are being widely used and adopted in financial markets and institutions", said Banaja.

He noted that the Islamic Sukuk and Products Unit is currently executing Mudaraba contracts in cooperation with 13 local banks with a total financing capital of 260 billion Yemeni riyals.


Presidential decree about appointing vice ministers in several ministries
Interior Minister, US Acting- Ambassador discuss security cooperation
PM receives letter from sectary general of GCC
Yemen Participates in Barcelona's Marine Expo
Amb. Mustafa, EU's official discuss aids programs for Yemen
President al-Alimi congratulates new German Chancellor
National Coalition Meets Chinese Acting Ambassador
Prime Minister Meets US Acting Ambassador
Yemeni Ambassador Meets Somali Foreign Minister
Minister Buhybeh discusses with World Bank Team health situation in Yemen

About Saba News Agency | Usage Agreement | Contact Us