Our Members

Al- Kuraimi Islamic Microfinance Bank

The Yemen Bank for Reconstruction and Development-Islamic Branches

Tadhamon Microfinance

Economic Empowerment Unit

Yemen Kuwait Bank

Al- Kuraimi Islamic Microfinance Bank​​

About

Al- Kuraimi Islamic Microfinance Bank for Microfinance was established in 2010 as Yemeni company to offer savings, loans, exchange and money transfer services to the public.

Mission

our purpose is to contribute to the economical and social development and to the improvement of the standard of living of the Yemeni society. We will do that through expanding the provision of our high quality diversified financial services to include savings and financingof small and microenterprises according to the Islamic sharia’a law while continuing to occupy a pioneering position in the banking sector. We intend to combine professional mechanisms which cost efficient and provide good return to investors and depositors with exemplary customer services 

Vision

KIMB envisions that “ All financial services are accessible by each person in Yemen ”

Strategic Goals :

1- To develop and improve high quality and cost efficient financial services which suit the needs of all the clients thru improving the money exchange and money transfer services and the development of savings and financing of small and microenterprises according to the Islamic Sharia’a law.

2-To increase our market share for all the provided financial services and to get closer to our clients by enhancing and widening our outreach in urban and rural area thru widening our network of branches and agents (service points) and the development and the update of our electronic services.

3-To continue to occupy a pioneering position in the banking and financial services sector thru developing a highly qualified and distinguished cadres and utilizing effective and modern systems in order to generate a good return for investors.

Economic Empowerment Unit

About

The Islamic Bank of Yemen was established in 1995 by the decree number 137 issued by the Minister of Supply and Trade with a capital of 1 Billion Rials.

The bank revised the Central Bank of Yemen license number 271 on the 9th of August 1995 to be the first bank to conduct Islamic financial activities.

The Bank was officially inaugurated in 8th June 1996 with a capital amounted 1 billion and 250 million YER with local and international investors . the capital was increased to its current amount 4 billion and 400 million with 22.5% as FDIs.

Mission

To contribute to the economic development through providing microfinance to the low income with small programs and projects in local and foreign partnerships.

Vision

To be the leading economic empowerment service provider to people in the Islamic world.

Strategic Goals :

1. To reach 50000 beneficiaries (with 80% partners) by 2019
2. 20% of individual projects
3. 10% of target group from individual projects and unions
4. Balance between social and financial performance
5. Alleviation of poverty by 30%
6. Balance between the different types of financial products with Islamic nature
7. 60% women if target groups
8. Transactions with a value of 50 million USD by 2019
9. Profit margin of 30%

The Yemen Bank for Reconstruction and Development-Islamic Branches

About

The Islamic Branches of the Yemen Bank for Reconstruction and Development were  established in Sana’a on  16 March 2014. With a capital of $ 3  billion Riyals and in accordance with the Central Bank of Yemen’s Decision of  01/27/2014, the branches were founded as an independent entity to be   100% owned by  the Yemeni Bank for Reconstruction and Development. It is worth mentioning that the Yemeni Bank for Reconstruction and Development was founded in Sana’a in 28 October 1962 as a joint stock bank with a capital of  (10) ten million Yemeni Riyals. The Bank is a public-private sector mixed ownership with 51% of paid capital for Government of the Republic of Yemen and   49% for the private sector.

Since its launching, the Bank worked on  founding  the existing Central Bank of Yemen. It actually used to carry out all the tasks and responsibilities of the Central Bank. The Bank performs its banking operations from its headquarter in Sana’a City. With its network of 44 branches located throughout the Republic of Yemen and  correspondent banks  around the world, the  Bank for Reconstruction and Development  has pioneered in the delivery of  unique banking and financial services.   It has been a very strong supporter and contributing agent to Yemen’s economic development and thus, won a very prominent reputation at the local and international levels.

Mission

To be the number one option for providing actual, Islamic, innovative banking solutions with the aim to better the lifestyle of people everywhere

Vision

The Bank aims at being the most successful and renowned banking institution at the local and international levels. This is by having ongoing initiatives for creating innovative services and outstanding products that go in line with Islamic Sharia tenets and more importantly by using modern technology and recruiting competent staff.

Strategic Goals :

– Commitment
– Privacy
– Client First
– Perfection
– Professionalism
– Continuous Development
– Planning

Tadhamon Microfinance

About

Since its establishment  in the year 2006 at  Tadhamon International Islamic Bank, Tadhamon MF works to provide financing services in the Islamic Murbaha forms  through a network of 16 branches in 9 governorates.

Mission

Reduction of poverty and unemployment through the provision of financial services and non-financial to achieve comprehensive, sustainable and economic development for the local communities in urban and rural areas and to reach financial sustainability and growth of the Bank

Vision

To become the local leader in entrepreneurial and SME banking.

Strategic Goals :

1- Reduction of Poverty and unemployment.

2- Increasing the standard of living of our customers by offering high-quality, diverse and professional banking services.

3- Sustainable economic development of local communities in urban and rural areas.

4- Achieve meaningful revenue from financial services to achieve financial sustainability and growth of the Bank.

5- Access to the largest possible proportion of the target population through the expansion of the geographical spread in urban and rural areas and “mobile Banking”.

6- Dissemination of the principles and concepts of Islamic banking.