CBY reviews performance of Islamic Sukuk and Products Unit during 2024

Minister al-Soqatri: Transitioning Toward Sustainable Development, Strategic Choice for Developing Fisheries Sector

The Minister of Agriculture, Irrigation, and Fisheries Salem al-Soqatri has emphasized the importance of transitioning toward sustainable development in the fisheries sector, considering it a key pillar for enhancing food security and supporting the national economy.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

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: ، 2026/05/06 Time 08:59:00
Latest News:

Social Affairs Minister Discusses Disability Support Programs with Handicap International

Taiz Governor, UNICEF Launch Water Rehabilitation Project

Social Affairs Minister, Dutch Ambassador Discuss Boosting Humanitarian and Development Cooperation

Minister of Electricity Meets with Dutch Ambassador

Vice Minister of Culture Searches for Swiss Assistance to Protect Antiquities

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.