Tadhamon International Islamic Bank
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Tadhamon International Islamic 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 (TIIB) was established initially under the name of Yemen Islamic Bank for Investment and Development and was later renamed to TIIB (Tadhamon international Islamic Bank) 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. Location Tadhamon International Islamic Bank is located ...
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Sana'a
Sanaa ( ar, صَنْعَاء, ' , Yemeni Arabic: ; Old South Arabian: 𐩮𐩬𐩲𐩥 ''Ṣnʿw''), also spelled Sana'a or Sana, is the capital and largest city in Yemen and the centre of Sanaa Governorate. The city is not part of the Governorate, but forms the separate administrative district of "ʾAmānat al-ʿĀṣima" (). Under the Yemeni constitution, Sanaa is the capital of the country, although the seat of the Yemeni government moved to Aden, the former capital of South Yemen in the aftermath of the Houthi occupation. Aden was declared as the temporary capital by President Abdrabbuh Mansur Hadi in March 2015. At an elevation of , Sanaa is one of the highest capital cities in the world and is next to the Sarawat Mountains of Jabal An-Nabi Shu'ayb and Jabal Tiyal, considered to be the highest mountains in the country and amongst the highest in the region. Sanaa has a population of approximately 3,937,500 (2012), making it Yemen's largest city. As of 2020, the greater ...
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Yemen
Yemen (; ar, ٱلْيَمَن, al-Yaman), officially the Republic of Yemen,, ) is a country in Western Asia. It is situated on the southern end of the Arabian Peninsula, and borders Saudi Arabia to the Saudi Arabia–Yemen border, north and Oman to the Oman–Yemen border, northeast and shares maritime borders with Eritrea, Djibouti, and Somalia. Yemen is the second-largest Arabs, Arab sovereign state in the peninsula, occupying , with a coastline stretching about . Its constitutionally stated Capital city, capital, and largest city, is Sanaa. As of 2021, Yemen has an estimated population of some 30.4 million. In ancient times, Yemen was the home of the Sabaeans, a trading state that included parts of modern-day Ethiopia and Eritrea. Later in 275 AD, the Himyarite Kingdom was influenced by Judaism. Christianity arrived in the fourth century. Islam spread quickly in the seventh century and Yemenite troops were crucial in the early Islamic conquests. Several Dynasty, dynasties ...
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General Manager
A general manager (GM) is an executive who has overall responsibility for managing both the revenue and cost elements of a company's income statement, known as profit & loss (P&L) responsibility. A general manager usually oversees most or all of the firm's marketing and sales functions as well as the day-to-day operations of the business. Frequently, the general manager is responsible for effective planning, delegating, coordinating, staffing, organizing, and decision making to attain desirable profit making results for an organization (Sayles 1979). In many cases, the general manager of a business is given a different formal title or titles. Most corporate managers holding the titles of chief executive officer (CEO) or president, for example, are the general managers of their respective businesses. More rarely, the chief financial officer (CFO), chief operating officer (COO), or chief marketing officer (CMO) will act as the general manager of the business. Depending on the ...
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Branch (banking)
A branch, banking center or financial center is a retail location where a bank, credit union, or other financial institution (including a brokerage firm) offers a wide array of face-to-face and automated services to its customers. History and description During the 3rd century banks in Persia (now Iran) and in other territories started to issue letters of credit known as Sakks, basically checks in today’s language, that could be traded in cooperative houses or offices throughout the Persian territories. In the period from 1100-1300 banking started to expand across Europe and banks began opening ‘branches’ in remote, foreign locations to support international trade. In 1327, Avignon in France had 43 branches of Italian banking houses alone. The practice of opening satellite branches was popularized in the early 20th century by Amadeo Giannini, then head of the Bank of America. Historically, branches were housed in imposing buildings, often in a neoclassical style of arc ...
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Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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Islamic Banking And Finance
Islamic banking, Islamic finance ( ar, مصرفية إسلامية), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic banking/finance include ''Mudarabah'' (profit-sharing and loss-bearing), ''Wadiah'' (safekeeping), ''Musharaka'' (joint venture), ''Murabahah'' (cost-plus), and ''Ijara'' ( leasing). Sharia prohibits ''riba'', or usury, defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to ''riba''). Investment in businesses that provide goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also ''haram'' ("sinful and prohibited"). These prohibitions have been applied historically in varying degrees in Muslim countries/communities to prevent un-Islamic practices. In the late 20th century, as part of the revi ...
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Global Business Review
The ''Global Business Review'' is a peer-reviewed academic journal covering all aspects of management. Global Business Review is published by International Management Institute in association with SAGE Publications . It publishes articles which are of a multi-disciplinary, interdisciplinary, and internationally significant nature. This is a refereed journal with an emphasis on Asian and Indian perspectives. Papers are reviewed by eminent academicians and professionals from various places of the world. Access The entire contents of ''Global Business Review'' are available in full-text, searchable electronic databases. Abstracting and indexing ''Global Business Review'' is abstracted and indexed in: * Australian Business Deans Council (ABDC) * CABELLS Journalytics * Chartered Association of Business Schools (ABS) * DeepDyve * Dutch-KB * EBSCO * Indian Citation Index (ICI) * J-Gate * OCLC * Ohio * Portico * Pro-Quest-RSP * ProQuest-Illustrata * Research Papers in Econom ...
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MENA
MENA, an acronym in the English language, refers to a grouping of countries situated in and around the Middle East and North Africa. It is also known as WANA, SWANA, or NAWA, which alternatively refers to the Middle East as Western Asia (or as "Southwestern Asia" in the case of "SWANA") and is a way to refer to the geography instead of the political term. As a regional identifier, ''MENA'' is often used in education in the Middle East and North Africa, academia, military planning, disaster relief, media planning (as a broadcast region), and business writing. Moreover, the region shares a number of cultural, economic, and environmental similarities across its comprising countries; for example, Climate change in the Middle East and North Africa, some of the most extreme impacts of climate change will be felt in MENA. Some terms have a wider definition than MENA, such as MENASA, MENAP or Greater Middle East, which extends to South Asia to include the countries of Afghanistan an ...
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Emerald Group Publishing
Emerald Publishing Limited is a scholarly publisher of academic journals and books in the fields of management, business, education, library studies, health care, and engineering. History Emerald was founded in the United Kingdom in 1967 as ''Management Consultants Bradford (MCB) UP Ltd.'' The publisher changed its name to Emerald in 2002 following the success of its Emerald Fulltext database. In 2007 Emerald acquired a programme of Management and Social Science book serials, series and monographs from Elsevier. The acquisition of health and social care publisher Pier Professional Limited took place in 2011. In June 2015, the Emerald acquisition of GoodPractice was announced. GoodPractice is a provider of support tools for leaders and senior managers. Company Emerald Publishing is headquartered in Bingley and led by CEO Vicky Williams since 2018. Sponsoring In 2017 Emerald became the title sponsor of Headingley Stadium with it being renamed Emerald Headingley. As part o ...
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Yemeni Rial
The rial ( ar, ريال يمني; sign: ﷼; abbreviation: YRl (singular) and YRls (plural) in Latin, ,ر.ي in Arabic; ISO code: YER) is the official currency of the Republic of Yemen. It is technically divided into 100 fils, although coins denominated in fils have not been issued since Yemeni unification. Due to the ongoing political instability, the value of Yemeni rial continues to fall. The Yemeni Civil War has caused the currency to diverge. In southern Yemen, which is primarily controlled by UAE-backed separatists and the former government backed by Saudi Arabia, ongoing printing has caused the currency to plummet into freefall. In northern Yemen, which is primarily controlled by Ansar Allah with support from Iran, banknotes printed after 2017 are not considered legal tender, and therefore, the exchange rate has remained stable. The differences in banknotes printed before and after 2017 can be determined by its size. History In the 18th and 19th century, the ''riyal ...
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Sanaʽa
Sanaa ( ar, صَنْعَاء, ' , Yemeni Arabic: ; Ancient South Arabian script, Old South Arabian: 𐩮𐩬𐩲𐩥 ''Ṣnʿw''), also spelled Sana'a or Sana, is the capital and List of cities in Yemen, largest city in Yemen and the centre of Sanaa Governorate. The city is not part of the Governorate, but forms the separate administrative district of "ʾAmānat al-ʿĀṣima" (). Under the Constitution of Yemen, Yemeni constitution, Sanaa is the capital of the country, although the seat of the Yemeni government moved to Aden, the former capital of South Yemen in the aftermath of the Houthi takeover in Yemen, Houthi occupation. Aden was declared as the temporary capital by President Abdrabbuh Mansur Hadi in March 2015. At an elevation of , Sanaa is one of the highest capital cities in the world and is next to the Sarawat Mountains of Jabal An-Nabi Shu'ayb and Jabal Tiyal, considered to be the highest mountains in the country and amongst the highest in the Middle East, region. S ...
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Automated Teller Machine
An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff. ATMs are known by a variety of names, including automatic teller machine (ATM) in the United States (sometimes redundantly as "ATM machine"). In Canada, the term ''automated banking machine'' (ABM) is also used, although ATM is also very commonly used in Canada, with many Canadian organizations using ATM over ABM. In British English, the terms ''cashpoint'', ''cash machine'' and ''hole in the wall'' are most widely used. Other terms include ''any time money'', ''cashline'', ''tyme machine'', ''cash dispenser'', ''cash corner'', ''bankomat'', or ''bancomat''. ATMs that are not operated by a financial i ...
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