Yemen largest Islamic bank closes following Houthi persecutions

Aden (Debriefer)
2019-02-11 | Since 9 Month

اضغط هنا لقراءة الخبر بالعربية

Hayel Saeed Anam trading group has decided to close its Tadhamon International Islamic Bank's (TIIB) headquarters and branches in Sana'a in protest of Houthi harassments and pressures.

TIIB paused on Sunday its Sana'a-based head office's functions and closed all its branches in the rebel-held capital, Newsyemen website reported Sunday.

Houthis asked the bank to give them detailed financial statements and reports, as they cast doubts on data presented by TIIB to the rebel-run Central Bank of Yemen in Sana'a, according to the website.

The most significant investments of Hayel Saeed Anam giant group, TIIB is one of the largest commercial banks in Yemen, with capital of some 20 billion Yemeni rials. It is one of four banks licensed to work under Islamic banking in Yemen.

According to media sources, the Iranian-backed Houthi group late last January asked commercial banks working in rebel-held provinces to pay up to 30 percent of their 2018 annual profits, as contributions to warfare and for other reasons.

Still, Houthis refuse to deal with statements issued by banks on their own net profits, say media economic reports.

Yemeni commercial banks whose headquarters in Sana'a have been experiencing complicated problems resulted from Houthi practices.


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