CBY reviews performance of Islamic Sukuk and Products Unit during 2024

Government: We'll Not Accept Blackmail and bullying Approach, Yemen's Stability Key Guarantee for Regional, Global Security

The Yemeni government confirmed that it will no longer accept the continuation of blackmail and intimidation approach, and it will not allow the confiscation of the decision over war and peace or the imposition of a stage's pace on Yemenis, regional and international security and peace.

UN Warns of Consequences of Rising Violence, Settlement Activity in West Bank

UN Deputy Special Coordinator for the Middle East Peace Process Ramiz Alakbarov warned Wednesday of the consequences of escalating violence and settlement activity in the occupied West Bank.

Gold Edges Higher Ahead of U.S. Jobs Data

Gold prices edged higher on Tuesday as investors awaited a series of U.S. labor market reports for fresh signals on the future path of U.S. interest rates.

England Claim FIFA World Cup 2026 Bronze with Victory over France

England secured third place at the 2026 FIFA World Cup after defeating France 6-4 in the third-place playoff on Saturday.

Last Update: ، 2026/08/14 Time 08:12:53
Latest News:

Amb. Mujalli, Polish Official Discusses Houthi Threats in Red Sea

Amb. al-Sunaini Praises Japan's Support for Yemen

Coast Guard Destroy Three Houthi Boats Loaded with Explosives in Red Sea

Al-Arada Calls for Clear International Stance Toward Houthi Attacks

Al-Khanbashi, UNESCO Discuss Heritage Protection in Hadramout

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.