Yemen to issue Islamic bonds
Yemen is planning to issue Islamic sukuk, or Islamic bonds, to diversify government financing and help lower a budget deficit currently running at around 8% of gross domestic product.
Experts and Islamic banks in Yemen recommended the issuing of Islamic bonds. In this regard, the participants of the second conference of Yemeni Islamic banks, held in May, recommended the need to carry out standards for the issuance of Islamic bonds because of their benefit to the community development.
Syndicate
