Shamil Bank of Yemen and Bahrain
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| Industry | Finance |
|---|---|
| Founded | 2002 |
| Headquarters | Sana'a, Yemen |
Key people | Ahmed abu baker Bazara, Chairman Saeed Mohamed bazara, CEO |
| Products | Financial services Investment banking |
| Website | www |
Shamil Bank of Yemen and Bahrain is an Islamic bank, established as a closed joint stock Yemeni company.
History
[edit]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.[citation needed]
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
[edit]- ^ Shamil Bank of Yemen and Bahrain, Unescwa.org
- ^ Mareb Deputy Governor launches Shamil Bank of Yemen and Bahrain's branch, Sabanew.net, 30 September 2018
- ^ Farea Al-Muslimi, Revitalizing Yemen’s Banking Sector: Necessary Steps for Restarting Formal Financial Cycles and Basic Economic Stabilization, Sanaacenter.org, 15 February 2019
External links
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