CBY reviews performance of Islamic Sukuk and Products Unit during 2024

President al-Alimi: The State Is Moving Forward with Confidence to Protect Sovereignty, End the Coup

His Excellency President Dr. Rashad Mohammed al-Alimi, the Chairman of the Presidential Leadership Council, chaired a joint meeting on Friday with the governors of the governorates and the Supreme Security Committee, attended by Prime Minister and Minister of Foreign Affairs and Expatriates Dr. Shaya Zindani.

U.S. Extends Work Permits for Temporary Protected Status Holders

The U.S. administration has extended work permits for hundreds of thousands of migrants from Haiti and six other countries who are protected under the Temporary Protected Status (TPS) program, just hours before the permits were due to expire.

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.

France Advance to World Cup Quarterfinals, Set Up Morocco Clash

France secured a place in the quarterfinals of the 2026 FIFA World Cup after edging Paraguay 1-0 in their Round of 16 encounter.

Last Update: ، 2026/07/18 Time 10:58:37
Latest News:

President al-Alimi: The State Is Moving Forward with Confidence to Protect Sovereignty, End the Coup

Yemen Condemns Iranian Missile, Drone Attacks on Kuwait, Bahrain, Qatar, Jordan

Japan Reaffirms Support for Yemen's Sovereignty, Condemns Houthi Attack on Saudi Arabia

Yemen's Ambassador Discusses Strengthening Humanitarian Response with UN Assistant Secretary-General

PLC Member al-Subaihi: The Path to Lasting Peace Begins with Prioritizing Supreme National Interest, ..

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.