This study is conducted to investigate the impact of Al-Amal Microfinance Bank’s humanitarian and economic empowerment initiatives on the foreign exchange (FX) market and network in Yemen. Read More
october 2024
This paper describes the development of microfinance in Yemen and the role of Al-Amal Bank in the sector over the past 15 years, then introduces the concept of micro letters of guarantee, which Al-Amal Bank launched in 2020.Read More
March 2023
On Tuesday, May 16, 2023, Al-Amal Microfinance Bank (AMB) and Holm Akhdar for Environmental Studies and Consultancy celebrated the launch of the Environmental Policy Manual of Al-Amal Microfinance Bank, which is the first of its kind at the level of financial and banking institutions and the private sector in Yemen. Read More
May 2023
This case aims to show the extent of women's influence in society and their contribution to construction and development. It sheds light on the efforts of Al-Amal Microfinance Bank (AMB) in promoting the financial inclusion and economy of women's empowerment by providing them various financial and non-financial servicesRead More
August 2022
Amid the ongoing war in Yemen since 2015, many young people lost their businesses. They also lost the opportunity to get small grants for establishing a small enterprise as financial institutions stopped lending amid increasing risk and complicated loan guarantee" said Mohammed Al-Lai, CEO of the Al-Amal Microfinance Bank.Read More
january 2022
Al-Amal Microfinance Bank (AMB) shifted for digital transformation for development of financial services on phone apps via Mobile Banking (PYes) in conjunction with global shift for online banking services due to the spread of COVID-19.Read More
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The Global Finance Magazine has announced the selection of its eighth annual program award (The Innovators winners 2020), which Al-Amal Microfinance Bank, one of AGFUND financial inclusion banks, ranked the 2nd position along with 4 wining banks for Islamic Finance category. Read More
May 2020
The Arab Financial Inclusion Innovation Prize (2019), which equips promising innovators with the funding and support they need to realize their potential to further financial inclusion in the Arab world, has announced its 2019 finalists.Read More
November 2019
As the Civil War continues to plague Yemen, Kiva has increased our monitoring of the risk factors associated with our partnership with Al-Amal. With ongoing violence and economic challenges impacting Al-Amal's day-to-day operations, risk levels are elevated in Al-Amal's overall portfolio, including loans funded by Kiva lenders. As indicated in our previous update in March 2017, we made the decision to default close to 600 loans, many of which were disbursed to borrowers before the war. Al-Amal's portfolio has also seen a spike in delinquency levels. These factors have caused Al-Amal's risk rating to drop to 1 star. Read More
january 2018
This Taqeem Impact Brief documents how Al-Amal Microfinance Bank in Yemen measures outcomes of the Youth Loan Fund, the tools that are applied and the findings and recommendations that emerge to assist them in improving impacts and programme design.Read More
Julay 2015
In a new international recognition, Amal Microfinance Bank wins Pioneer Award 2014 from Child and Youth International. The winner was announced in a special ceremony held in New York on May 22, 2014. The CYFI Pioneer Award acknowledges the accomplishments of financial service providers who are pioneering innovative and original Child and Youth Friendly Financial Products, combined with an education component delivered through a variety of media channels and employing a variety of learning methodologies.Read More
May 2014
Doha Evidence Symposium: Increasing Youth Productivity in the Middle East and North Africa, 6-8 March 2014Read More
March 2014
Political upheaval and ongoing violence have hindered development in Yemen, especially since the onset of the Arab Spring in 2010. In an effort to foster hope and stability among Yemen’s poor, who have been disproportionately affected by the country’s turmoil, Al-Amal Microfinance Bank is working to introduce a range of Sharia-compliant microfinance products aimed at reaching the unbanked.Read More
May 2013
Yemen is one of the least-developed countries in the Arab world. The widespread lack of opportunities for young people and women is contributing to the country’s slow pace of development. Mohammed Saleh Al-Lai, chief executive of Al-Amal Microfinance Bank, says: “About 76 percent of young people are below the poverty line in Yemen. Frustration and lack of opportunity among youth creates a fertile ground for terrorism and social instability.” Read More
April 2012
Some countries in the Arab region are experiencing security and political unrest due to the successive revolutions Naturally all sectors of the state are affected, and each sector must take some precautionary steps to get to safety. Since the microfinance sector mainly deals with low-income people who don’t have access to financial services from traditional sources, this sector is one of the most vulnerable to damages during periods of security and political unrest. Read More
November 2011
Al Amal provides various financial services and products (Islamic financing, savings, solidarity insurance, etc.) and is among a handful of microfinance institutions in the Arab World providing Islamic financial services. The bank continually works to improve competitiveness in the market by providing new products that meet the needs of the target segment and reach as many people as possible to realize the goals of the bank.Read More
Julay 2011
The presence of Her Highness Sheikha Moza bint Nasser, Chair of the Silatech Board of Advisers and, Silatech and Al-Amal Microfinance Bank publicly announced, in Sana’a, the broadening of their strategic partnership to significantly increase youth access to micro-finance loans and business development services in Yemen.Read More
May 2010