31 May, 2023
The Islamic Development Bank Institute (IsDBI), in collaboration with the Central Bank of Yemen, successfully completed a training on Sukuk for Liquidity Management.
Held in Jeddah, Kingdom of Saudi Arabia, from 22 to 25 May 2023, the workshop was attended by 15 officials from the Central Bank of Yemen. The participants included the Head of Training, Head of Public Debt, Sukuk Unit, and other professional staff of the Central Bank.
The workshop was part of an extended capacity-building program for the Central Bank of Yemen and was the second training workshop following the first one in May 2022.
In his remarks, Dr. Sami Al Suwailem, Acting Director General, IsDBI, emphasized the role of Sukuk in achieving liquidity management objectives and how Islamic finance has evolved over the past decades and provided a modern solution to the current issues and challenges.
Mr. Yahya Rehman, Head of Knowledge Leaders Team at IsDBI, congratulated the participants on the successful completion of the training and hoped that it will equip them with the necessary knowledge and skills to implement new liquidity management tools upon their return.
On behalf of the Central Bank of Yemen, Sister Mirfet Mohamed Bashier, Head of Public Debt Department, thanked the IsDB Institute for the invaluable opportunity to learn about Sukuk and liquidity management tools for the Islamic finance industry.
The program aimed to equip the participants with a comprehensive view and understanding of Sukuk, along with other critical practical skills related to best practices in the governance and management of Sukuk for liquidity management. It is expected to help unleash the potential developmental role of Sukuk in managing liquidity in the financial sector as well as bridging the gap in the fiscal debt at the government level.