Shamil Bank of Yemen and Bahrain

Shamil Bank of Yemen and Bahrain is an Islamic bank, established as a closed joint stock Yemeni company.

Shamil Bank of Yemen and Bahrain
IndustryFinance
Founded2002 (2002)
HeadquartersSana'a, Yemen
Key people
Ahmed abu baker Bazara, Chairman
Saeed Mohamed bazara, CEO
ProductsFinancial services
Investment banking
Websitewww.sbyb.net

History

The bank was granted a license to do business on February 17, 2002 by the Central Bank of Yemen.[1]

As an Islamic Bank, SBYB’s services are Islamic Sharia compliant. It operates business through 16 branch and office networks which are spread over all the main cities in Yemen. The number of employees in the bank at the end of 2014 was 270.

In September 2018, a branch opened in Marib.[2] In January 2019, the deputy director of the bank was detained for several days by the Houthi forces.[3]

References
  1. Shamil Bank of Yemen and Bahrain, Unescwa.org
  2. Mareb Deputy Governor launches Shamil Bank of Yemen and Bahrain's branch, Sabanew.net, 30 September 2018
  3. Farea Al-Muslimi, Revitalizing Yemen’s Banking Sector: Necessary Steps for Restarting Formal Financial Cycles and Basic Economic Stabilization, Sanaacenter.org, 15 February 2019


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.