About us In June 2010, KIB was licensed from Central Bank of Yemen(CBY). The main purpose is to reinforce the importance of playing a very active role in enhancing the country’s economic status in the ﬁeld of savings and ﬁnancing plus other ﬁnancial services. The bank would accept all kinds of deposits and invest the deposits in so many ﬁelds in complete compliance with the Islamic Sharia'a. We have now more than 100 branch all over Yemen. Al Kuraimi Islamic Microﬁnance Bank has a vision that all ﬁnancial and banking services are accessible by each person in Yemen, in order to participate in the economic and social development and in raising the standard of living of the individual and community at large by means of offering diverse ﬁnancial services.
The Bank is an economic fortress with accumulated banking experience of more than forty years offering its services to all people in all governorates, towns and rular and urban districts, so much so that our services have covered extensive areas all the way from Socotra southerly to Saada northerly and from Al Mahara governorate westerly to Bab El Mandab Straits easterly.
We offer our ﬁnancial and banking services with skill and professionalism without any narrow minded afﬁliation. We serve people and dedicate our relentless efforts to be of use and beneﬁt to him/her. Despite the difﬁcult circumstances the country is facing, we have trained our human cadres and developed and equipped our branches and ofﬁces with up to date technologies and equipments, in order to keep abreast of the best international practices in the ﬁeld of banking and ﬁnancial services.
Al Kuraimi Bank is right beside you in times of prosperity as well as hardship, in the mountains, valleys, deserts, coastal areas and islands. Our aim is to offer a service of quality with high efﬁciency and effectiveness. We abide by and practice the values we have been brought up to respect as represented by compliance and obedience, honesty, clarity, transparency, philanthropy, social responsibility and wishing others welfare and well being, despite all difﬁcult circumstances the country is passing through,.
We do not look backwards. We do not listen to those who call for destruction. We move, advance, improve and look forward to the future with hope and optimism, because our aim is noble which is serving people everywhere and every time to be right beside you.
our purpose is to contribute to the economical and social development and to the improvement of the standard of living of the Yemeni society. We will do that through expanding the provision of our high quality diversified financial services to include savings and financing of small and microenterprises according to the Islamic sharia’a law while continuing to occupy a pioneering position in the banking sector. We intend to combine professional mechanisms which cost efficient and provide good return to investors and depositors with exemplary customer services .
KIB envisions that: “All financial services are accessible by each person in Yemen"
Allah said: (and say (O Muhammed PBUH) ‘’ Do deeds! Allah will see your deeds, and (so will) His Messenger\ and the believers. …..) At- Taubah 105 (The Repentance). Peace be Upon Him said: ‘’ if the final hour comes while you have a palm- cutting in your hands and it is possible to plant it before the hour comes, you should plant it. Instinctively, the human is focused on self-love and likes to be in control of everything around him/her. In the absence of religion and morals, s/he turned into a monster. So, religion and morals are the determinants of his/her behavior and attitudes. We in KIB base our value system in our Islamic religion and the morality which goes with the nature of the human being. As employees of KIB , we must understand these values and practice them in our daily duties in the bank:
we must be compliant to the rules of Islam in all of our duties, such as offering banking services and in all investments that we do. Also, the products and services that we offer must first be passed for approval from the Shariah Supervisory Board of the bank. We must feel our God’s supervisory presence and feel the good willingness in all the time.
(Allah said: (And we did not create the jinns and humans except to worship me.) Adh- Dhariyat (56)Second,
we must be compliant with all laws, regulations and bank policies and be obedient to instructions from direct supervisors in order to achieve added value for the national economy. (O you who believe! Fulfill (your) obligations….) Al-Ma’idah (1)2Third,
We must be compliant with the principle of efficiency in the use of all resources, using the most modern and effective techniques to serve our customers – ‘’waste not-want not’’. PBUH said (Allah likes when somebody does something to do it accurately)
We must work with trust and honesty, feeling the greatness of them since it is the main principle on which all of our duties are built. We in KIMB do not accept anyone who is dishonest and entrusted with Allah and customers.
must respect each other at work. As employees we do not have to deal harshly with our customers and if we face insults, we reply in respectful manner. PBUH said (the Muslim is the one who all Muslims feel safe of his tongue and hands).We respect
all of our customers regardless their religion, sex, or education. (Allah said: and indeed we have honoured the children of Adam….) Al-Isra (70)Respect
the privacy and secrets of our customers and do not reveal them to others. (Allah said: (O you who believe betray not Allah and his messenger not betray knowingly your Amanat (things entrusted to you, and all the duties which Allah has ordained for you). Alanfal (27)
Clarity in responsibilities, duties, procedures and goals enables us to perform and achieve our work transparently. As a result, the relationship among employees get stronger and we gain customers trust. It is essential that we open channels of communication to strengthen the value of clarity with employees and customers. And if ambiguity is found, it has to be clarified. We must not mix between personal and work issues when performing our work. (PBUH said: Be patient. She is Safiah (wife of Prophet Mohammed PBUH….)
We must be committed to recruiting the best qualified employees for the bank, employees who believe in and share the vision and mission of KIMB and in our values and principles.
The principles of clarity and transparency, efficiency and effectiveness will be used as the basis for promotions. (Allah said (the best of men for you to hire is the strong, the trustworthy) Al-Qasas (26)3
The willingness to offer customers products and services according to their needs in order to improve their work and income is a value of loving others. We provide our customers with the products and services they need with speed, trust, and quality even in harsh times and conditions. (PBUH said (the faith of Moamen is not full till he loves goods to his brother as he does to himself)
Social responsibility is considered to be a fully integrated process that affects the balance of the whole of society. It focuses the abilities of the community by getting all community members to participate.so that they believe in their values and are respected by others. And all try their best to put the public sake in priority and devote their time and effort to achieve this sake to see a prosperous community and be proud of their efforts Our responsibility towards the community is to leave a positive stamp and participate in achieving the social and economic development in our country, Yemen. (PBUH said (the best people those who leave goods to others)
As Alkuraimi Islamic Microfinance Bank, we dedicate our efforts in (2016- 2020) to increase customer's trust and reputation of KIB as well as market share through adding new financial services, widening/expanding our outreach and building a well-developed, modern bank.
We will improve our banking and financial services in compliance with the Islamic Sharia
And provide high quality and efficient services that respond to the needs of our clients on one hand, and which provides the investors and depositors with a high return on their money and preserve the interest of all the stakeholders on the other hand even in difficult conditions
We will enhance our pioneering role and our positioning and reinforce our competitive capacities benefiting from our expanding network of branches and agents across Yemen and the development of our electronic services and marketing strategies to ensure better outreach to our clients in the urban and rural areas, and increase our market share.
We will maintain our carefully selected cadres, continue to build, develop and motivate their capabilities to ensure their abilities to shape and execute the bank’s strategy. We will develop new and effective operational, financial, administrative and technical policies and procedures manuals capable of providing the required information for decision-making and improved performance benefiting from the Yemeni, regional and international experiences in microfinance good practices.
We will also work to spread and reinforce the culture of financial and banking services and make it easier for people to access into these services to reach 2,000,000 clients by the end of 2020. We will do this in collaboration with the Social Fund for Development and partners, and in accordance with the rules and regulations of the Central Bank of Yemen.