about us
About SHARQ Yemeni Bank for Islamic Microfinance
SHARQ Yemeni Bank for Islamic Microfinance is a Yemeni closed joint-stock company, established in 2023 based on the license issued by the Central Bank of Yemen (No. 842/CBY/2023). It operates in accordance with the Microfinance Banks Law No. (15) of 2009 and its executive regulations No. (15) of 2009, as amended by Law No. (11) of 2022; the Banking Law No. (38) of 1998; the Islamic Banking Law No. (21) of 1996 as amended by Law No. (16) of 2009; the Central Bank Law No. (14) of 2000 as amended by Law No. (21) of 2003; the Companies Law; and the laws and regulations in force in the Republic of Yemen. Its activities comply with the provisions of Islamic Sharia. SHARQ Yemeni Bank is considered the first bank to establish its headquarters in Marib Governorate and is working to expand to cover geographical areas and major cities through branches, offices, or main and sub-agents for its services and products. In addition, at SHARQ Yemeni Bank for Islamic Microfinance, we aim to contribute to economic and social development by adopting unique methods that allow us to provide solutions and products specifically designed to meet the needs and requirements of all sectors, with a wide range of financial options.
Our Vision
To be among the pioneers of banking in Yemen and one of the best choices for customers across all segments
Our Mission
Core Principles and Values
Trust: Enhancing our customers’ confidence that the bank manages their funds according to the latest banking practices, and fostering the trust of our employees by creating an encouraging work environment and ensuring equal opportunities for career advancement.
Transparency: Credibility and clarity in our transactions in accordance with the provisions of Islamic Sharia and the requirements of governance and compliance.
Quality: Quality is achieved through SHARQ Yemeni Bank’s reliance on a qualified and specialized team that works continuously to improve processes and develop banking services, ensuring that performance is periodically monitored, reviewed, and evaluated to guarantee the bank’s commitment to the highest quality standards and to meet customer needs in a distinguished manner.
Excellence: We always strive to exceed customer expectations in meeting their banking needs through smart solutions and advanced technologies that support effective resource management and the efficient workflow for completing business.
Our Goal
Meeting customer needs by providing high-quality banking and investment services in accordance with the provisions of Islamic Sharia.
Promoting financial inclusion by offering a diverse range of financial and banking packages according to the latest global practices.
Achieving the best results for customers and shareholders by generating sustainable financial returns, increasing share value and interest rates, and growing market share.
Building and developing a distinguished banking workforce and adopting smart and advanced systems and technologies to effectively respond to customer aspirations.
Maintaining a competitive advantage in the market by adhering to the organizational culture that supports our identity and image (developing digital marketing channels) among customers, in addition to the continuous improvement of our financial products and services.
Collaborating effectively with development organizations and civil society organizations at the local, regional, and international levels.
Building internal and external strategic partnerships to contribute to the development and advancement of various development programs.
Contributing to restoring confidence in the banking sector in Yemen and correcting the cash financial cycle.