Saba Islamic Bank, which is a closed Yemeni joint-stock company, was established in Sana'a in 1996 and began its actual activity in 1997, and it is authorized by the Central Bank of Yemen, and among its most important shareholders is the Islamic founder for the development of the private sector, Dubai Islamic Bank, and a number of local shareholders. The bank provides its banking, commercial, financial, and investment services in accordance with the provisions of Islamic Sharia law, and under the supervision of the Sharia Supervisory Board. These services can be used through its local branches distributed throughout the Republic.