FAB: First Aden Islamic Bank
A Yemeni closed joint-stock company established in accordance with the
Yemeni Commercial Companies Law No. (22) of 1997 AD and the Islamic Banks
Law No. (21) of 1996. The bank’s capital amounts to 45 billion riyals, divided
into shares of equal value that are negotiable and it carries out its various
banking and investment business according to the accepted banking norms
and rules In accordance with the laws in force and in a manner that does not
contradict the provisions of Islamic law, and it takes the interim capital, Aden,
as the headquarters of its general administration.
Providing an integrated package of innovative Islamic banking services through highly qualified cadres using the latest technologies and financial and banking systems and in accordance with best international practices and standards in cooperation with the best international banks and financial institutions.
To be the first bank in pioneering the comprehensive Islamic banking business in Yemen and the Arabian Gulf.
A client first
The Bank's Board of Directors and the Executive Management possess sufficient knowledge, experience and skills necessary to manage Islamic banking business. The Board of Directors works to apply the principles and standards of governance to ensure the preservation of the rights of shareholders and other interested parties.
– Head Office