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Two ICRC Yemen staff members killed in attack
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AI confirms Saudi-led coalition kills Yemeni people by American-made bombs
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  Saudi Aggression on Yemen
Saudi-led coalition hits al-Dailami air base
[02 September 2015]
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IDEX 2015 establishes Abu Dhabi's position in global defence industry
[25 February 2015]
Yemen needs 12 years to spend donors' pledges
[23 December 2014]
Political assassinations with unknown perpetrators
[20 November 2014]
Yemen's Friends steering committee report on national situation
[25 September 2014]
The Peace and National Partnership Agreement
[22 September 2014]
 
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M 5.9 earthquake jolts Taiwan
[21 May 2014]
Poll sees centre-right party winning EP elections
[21 May 2014]
Craftsmanship "the luxurious part of Germany's perfection"
[19 May 2014]
Egyptians abroad cast votes to choose new President
[15 May 2014]
5 Afghan soldiers killed in separate bomb attacks with day
[11 May 2014]
  Economic
Issuing Islamic "sukuk" in lecture in Sana'a
[11/May/2010]
SANA'A, May 11(Saba) – A lecture on issuing Islamic sukuk (the Islamic equivalent of bonds) was organized here on Tuesday by the Yemeni Banks Association.

The lecture, attended by 40 specialists from the Central Bank of Yemen (CBY), Yemeni banks and the unity of the stock market and the relevant agencies, was carried out by the General Manager of the Stock Market in Khartoum Dr. Osman Khair, who is an expert in the International Monetary Fund (IMF) and delegated to assist the CBY in determining the structure and systems of the Islamic sukuk unit.

In the lecture, Dr. Khair reviewed Sudan's experience in issuing sukuk, through which the surpluses of Islamic banks are employed in financing infrastructure projects and various sectors of trade, health, education and other, which proved the success of this great experiment in contributing to the development process.

Yemen seeks to benefit from the brotherly and friendly countries' experiences in the field of issuing the Islamic sukuk, in forefront of which is Sudan.

The unit of Islamic sukuk in the CBY is currently studying the important projects that can be financed through these bonds, among them the projects of electricity in particular.

The CBY is now intensifying its efforts in cooperation with specialized Saudi, Arab and international finance institutions and organizations to speed up issuing the system of Islamic bonds in the Islamic and trade banks working in Yemen for the first time in the last quarter of this year, which will open a window for the Islamic banks to use their surpluses and at the same time saving funds for financing the projects of the socio economic plan in Yemen.

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UPDATED ON : Thu, 03 Sep 2015 11:27:50 +0300