CBY reviews performance of Islamic Sukuk and Products Unit during 2024

Chief of Staff of Taiz Axis Discusses Strengthening Cooperation with Deputy Head of ICRC

The Chief of Staff of Taiz Axis Major General Abdulaziz al-Majidi discussed Monday with the Deputy Head of the International Committee of the Red Cross (ICRC) mission in Yemen Johannes Roth ways to enhance joint cooperation and coordination in humanitarian fields.

Bahrain Says Air Defenses Intercepted and Destroyed Several “Treacherous” Iranian Air Attacks

The General Command of the Bahrain Defence Force announced on Thursday that Iran continues what it described as a systematic hostile approach through missile and drone attacks targeting civilians in the Kingdom of Bahrain.

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.

Paris Saint-Germain Crowned UEFA Champions League Winners

French club Paris Saint-Germain claimed the UEFA Champions League title after defeating Arsenal 4-3 in a penalty shootout following a 1-1 draw in the final held at Puskás Aréna in the Hungarian capital, Budapest.

Last Update: ، 2026/06/16 Time 11:44:11
Latest News:

Ministry of Agriculture, UNDP Discuss Procedures for National Fisheries Strategy

Chief of Staff of Taiz Axis Discusses Strengthening Cooperation with Deputy Head of ICRC

Parliament Speaker Discusses Bilateral Relations, Latest Developments with British Ambassador

President al-Alimi Warns Against Ceasefire Arrangements That Ignore Iran’s Conduct

Leadership Council Member Dr. Abdullah al-Alimi d Discusses with British Ambassador Latest Developments ..

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.