Tadhamon Bank
Tadhamon Bank is a Yemeni bank that offers retail and corporate banking and integrated investing services that abide by Islamic Banking Standards.
History
Tadhamon Bank is considered one of the largest, classic banks in Yemen. It was founded in 1996 based on the Islamic Banks Law in the republic of Yemen.Tadhamon international Islamic Bank was established initially under the name of Yemen Islamic Bank for Investment and Development and was later renamed to TIIB to reflect its business expansion ambitions.
In 2008, the bank was rated the most efficient Islamic bank in a low-income country, and by 2009 it had become the second largest Islamic financial institution by assets in the MENA region.
, the bank manages assets that are estimated at 497 billion YR which is approximately $2.314 billion US dollars. Its fixed capital is 20 billion Rials which is $93 million US dollars.