Yemeni central bank governor, Mohamed Awad Bin Humam has said the country plans to sell $232m of Islamic bonds early April to finance government projects, Times of Oman has reported. The central bank plans to target Islamic lenders in the country, and may offer a profit rate of "little less" than 20%, Bin Humam said. Yemen sold four billion rials of Islamic bonds in February 2011 to local banks.