Question 1

What services does CauseWay provide?

Accepted Answer

CauseWay provides Islamic finance engineering, risk & compliance consulting, core banking systems implementation, microfinance development, capacity building, and financial sector branding services for banks and financial institutions in Yemen and the MENA region.

Question 2

Is CauseWay compliant with AAOIFI standards?

Accepted Answer

Yes, CauseWay's Islamic finance solutions are designed in accordance with AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) Shariah Standards, ensuring full compliance with international Islamic finance best practices.

Question 3

What regions does CauseWay serve?

Accepted Answer

CauseWay primarily serves Yemen and the broader MENA region, including Saudi Arabia, UAE, Oman, Bahrain, Kuwait, Qatar, Egypt, and Jordan. We work with central banks, commercial banks, microfinance institutions, and development partners.

Question 4

Does CauseWay help with AML/CFT compliance?

Accepted Answer

Yes, CauseWay specializes in Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) frameworks. We help financial institutions develop robust compliance programs, conduct risk assessments, implement transaction monitoring systems, and prepare for regulatory examinations.

Question 5

Can CauseWay help establish a microfinance institution?

Accepted Answer

Yes, CauseWay provides end-to-end microfinance institution (MFI) establishment services including feasibility studies, licensing support, product development, operational setup, and capacity building. We have helped establish multiple MFIs across Yemen and the region.

Question 6

What is CauseWay's approach to core banking system implementation?

Accepted Answer

CauseWay follows a vendor-neutral approach to core banking system selection and implementation. We conduct thorough requirements analysis, manage RFP processes, oversee implementation, handle data migration, and provide post-go-live support to ensure successful digital transformation.