CBY reviews performance of Islamic Sukuk and Products Unit during 2024

Houthi Missile Attack Kills Girl, Wounds Eight in Taiz

A girl was killed and eight other people, including women and children, were injured in a Houthi militia missile attack on a residential complex and populated neighborhoods in central Taiz on Tuesday.

GCC Secretary-General Welcomes UN Security Council’s Position on Houthi Attacks Against Saudi Arabia

The Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi has expressed his appreciation for the position conveyed by members of the United Nations Security Council in their presidential statement regarding the attacks carried out by the Houthi terrorist militia against the Kingdom of Saudi Arabia.

Brent Crude Futures Rise 12 Cents

Oil prices remained mostly unchanged in early Asian trading on Thursday following gains from the previous session and a sharp monthly increase.

Al Nassr Beat Al Fateh 3-0 in Saudi Football League

Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.

Last Update: ، 2026/10/20 Time 05:30:35
Latest News:

Coalition Intercepts and Destroys Ballistic Missile Launched Toward Riyadh

Al-Arada Condoles Shabwa Governor, Vows Houthi Crimes Will Not Weaken Yemenis’ Resolve

Deputy Foreign Minister Receives Cuban Ambassador’s Credentials

Human Rights Minister Discusses Houthi Violations with German Foreign Ministry Official

President al-Alimi Calls for International Efforts to Designate Houthi Militia as Terrorist Organization

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.