KFH recognizes CIBFS holders – Ceremony held to honor employees
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KUWAIT CITY, July 4: Kuwait Finance House (KFH) held a ceremony to honor a batch of its employees who successfully completed Certified Islamic Banking and Financial Services program CIBFS. This emanates from KFH endeavors to recognize its human resources while continually training them and providing them with the necessary skills.
Present at the ceremony were several high-ranking officials from the bank led by Group Chief Retail and Private Banking Officer Waleed Mandani, Group General Manager Retail Banking Fadi Chalouhi, Executive Manager Talent Management, Imad Mirza along with a number of executives.
Mirza said that the CIBFS certificates obtained by 10 KFH employees are approved internally from the Institute of Banking Studies (IBS) and externally from the General Council for Islamic Banks and Financial Institutions (CIBAFI) based in Bahrain.
He added that this program is tailored and developed to provide good knowledge on Islamic banking and its scientific applications as per the requirements of the advanced Islamic finance industry, indicating this contributes to raise the bar of the employees, hone their skills and qualify them to come up with innovative solutions to optimally perform all banking transactions, while overcoming the workplace hurdles and challenges.
He explained that the program conducted for a period of 3 months; 186 hours. It ran in two phases. The first phase is the training program with different subjects and topics tackled. The second phase is 12 hours for a case study.
The program encompassed several axes including international sharia standards, sharia supervisory mechanisms, economic fundamentals of Islamic financial services, basics of accounting and financial analysis, basics of risk management, banking credit basics, financial institutions organizational structure and basics of Islamic economy.
KFH was established in Kuwait in 1977 and is enlisted in the Kuwait Stock Exchange. KFH Group is a global pioneer in the field of Islamic banking services, where it offers a wide array of Islamic products and services, not to mention a high standard of innovation and client service.
KFH manages its operations in the GCC, Asia, and Europe through over 480 branches, including KFH-Turkey, in order to offer services for the bank’s clients in Turkey, Malaysia, Saudi Arabia, Bahrain, Germany, Jordan, and Dubai.
KFH’s mission is to achieve highest levels of excellence and innovation in the field of client service, while developing common interest for all those concerned with the financial institution.
KFH’s vision is to spearhead the global development in Islamic financial services, and to upgrade the bank into the level of becoming the most sustainable profitable Islamic bank in the world.
KFH’s values include cementing leadership through all its businesses, including leadership in the Islamic banking services worldwide, through innovation and in client service and the development of its employees.
In addition, KFH is committed to all its procedures, and to setting up long-life partnerships with the concerned authorities.
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