Al-Amal Microfinance Bank (AMB) is the first Microfinance bank in Yemen and MENA region. It was established under the Yemeni Law (23) of 2002, and is regulated and supervised by the Central Bank of Yemen.
AMB is a Nondividend financial institution. It seeks to provide sustainable financial services to impoverished groups in Yemen, including low and limited income people, with particular emphasis on SME entrepreneurs. The Bank serves these groups by providing comprehensive financial services meeting their needs: Loans, saving, insurance, internal and external transfers, currency exchange and cash transfers.
The establishment of Al-Amal Bank came as a result of a joint cooperation between the Yemeni government, the Arab Gulf Program for Development and the private sector, culminating in Prince Talal bin Abdulaziz's initiative to establish banks for the poor in the Arab region.