CBY reviews performance of Islamic Sukuk and Products Unit during 2024

Al-Aradah Hails Graduation of Air Defense College Cadets as Milestone in Rebuilding Armed Forces

Member of the Presidential Leadership Council and Marib Governor Sultan Al-Aradah congratulated graduates of the Air Force and Air Defense College on completing their academic and military training, describing the achievement as an important contribution to rebuilding Yemen’s armed forces and strengthening national defense institutions.

Death Toll from Israeli Offensive in Gaza Rises to 72,757, with 172,645 Injured

Medical sources in Gaza Strip said the death toll from the Israeli military offensive on the territory has risen to 72,757, while the number of wounded has reached 172,645 since the outbreak of the war on October 7, 2023.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Inter Milan a win away from Serie A title

Inter Milan continued its successful march to reclaim the Italian football league title, despite drawing with its host Torino (2-2), in the conclusion of the 34th round of the competition.

Last Update: ، 2026/05/17 Time 10:54:19
Latest News:

Abyan Governor Discusses Service, Development Interventions with Saudi Program

KSrelief Begins Drilling of Three New Wells to Expand Water Access in Taiz

Minister of Water and Environment Reviews Taiz Water Crisis Projects with UNDP

Al-Khanbashi: It's Important To Expand Mandates Of Local Authorities, Furthering Decentralization

President al-Alimi Praises Cooperation Programs with China on the 70th Anniversary of Yemeni-Chinese ..

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.