In Yemen, sharia-compliant banking currently accounts for a marginal share of the Yemenite financial sector. Recent estimates expect that Islamic financial assets in Yemen could reach more soon.
Yemen is preparing the legal framework for Islamic finance products such as the issuance of Islamic bonds (Sukuk) and in order to help financing Yemen's SME it will promote Sukuk, Takaful (Islamic insurance) and halal microcredit.
Currently, Yemen has a number of fully operational Islamic banks which serve retail and islamic corporate banking offering halal financing products such as Ijara, Ijara-wa-iqtina, Mudaraba, Murabaha and Musharaka.
YEMEN ONLINE SHARIA BANK