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 Exchange rate |    20 November, 2017

 

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The Governor confirm on his opening address for the Forth Conference of the Banks and Islamic Financial Institutions that Yemen is witnessing a significant expansion in the area of Islamic banking

The Governor, Mr. Ahmed Al-Samawi confirm in his opening address for the Fourth Conference of the Banks and Islamic Financial Institutions in Damascus that Yemen has been expanding in the area of Islamic banking in annual growth exceed the world growth rate estimated at 10-15 %.

He emphasizes on the role of the Islamic banking in achieving economic growth , he indicates that Islamic banking in Yemen represent 30 % of total asset of banking sector and 27% of total deposits.

Finally, he declare the seriousness of the CBY of creating new instrument that get along with the core of Islamic banking such as Islamic Sukuk .

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