The Institute for Banking Studies: We have trained 50,000 cadres to complement the labor market over the past 10 years

The director-general of the Institute for Banking Studies, dr. Yaqoub Al-Rifai, said the number of beneficiaries of the institute’s training programs over the past ten years has amounted to about 50,000 banking, financial and economic frameworks.
Al-Rifai said in an interview with Kuwait News Agency (KUNA) today that the percentage of national cadres of these cadres exceeded 70 percent, at an annual rate of between 2,500 and 6,000 students, with the aim of entering the labor market. in various economic, financial and banking sectors.
He stressed that the Kuwaiti local market is full of professional national cadres specialized in economics, finance and business, and that they have made many contributions to lead the Kuwaiti banking and financial market and have held important positions in various institutions.
He declared that the institute was established as a non-profit institution by an Emiri decision in 1970 and as a center for banking studies, then the decree was amended in 1982 to obtain its current status as a specialized institution and became an institute for banking studies. and works under the umbrella of the Central Bank of Kuwait.
He said the institute, by virtue of its founding decision, provided education, training, English language, tests and research services to meet the development needs of the Kuwaiti banking and financial sector, indicating that the services have expanded in recent years to include several sectors in such as investment, real estate, insurance, oil and other important sectors operating in the country.
He said the institute’s more than 50 years of experience in the banking and financial sector in Kuwait was the catalyst for the process of transferring knowledge, modern technology and new ideas to this important sector as it was able to diversify the services. provides for the inclusion of professional accreditation programs and executive leadership development programs.
Al-Rifai pointed out that the institute provides training and development activities of all kinds within 10 main areas, including auditing, banking laws, banking, credit management, information technology, Islamic banking and finance, management, marketing, business development, risk management, treasury and investment. measurement and testing services, e-learning and research publications.
Internationally, Al-Refai stated that the institute was able to create an international and regional network of faculty members that combined academic qualifications and practical experience, as well as to establish relationships with a selection of prestigious academic institutions such as Harvard Business School in the United States, INSEAD Business School and the Chartered Institute of Directors professionals.
He added that the institute was also able to establish relationships with the Association for Human Resource Management, the General Council of Islamic Banks and Financial Institutions, the Accounting and Auditing Organization of Islamic Financial Institutions, the British University of Cambridge, the Chartered Financial Analyst Institute . , the European Management Center, the American Talent Development Organization and the London School of Economics and Political Science.
He pointed out that because he believed in the importance of working on the quality of the services provided, the institute had adopted many local professional certificates which it obtained internationally through the accredited partner – the London Institute of Banking and Finance – which one of the oldest are educational institutions in the world specializing in the field of banking and financial services and the only one in the UK that has He has the power to award degrees.
He pointed out that the institute offers a bursary program for Kuwaiti to obtain a master’s degree, which is one of the efficiency programs launched by the Central Bank of Kuwait in collaboration with Kuwaiti banks and managed by the Institute for Banking Studies, and note that this program was established to qualify national cadres and prepare them to work efficiently and professionally.
Al-Rifai said the institute sends them to the most important high-ranking universities in the world to obtain a master’s degree in various disciplines, as 18 students have actually graduated, in addition to 6 students continuing their educational achievement.
He explained that the universities to which students are sent are Cambridge, Edinburgh, London College, London Economics and Political Science, King’s, Durham, Imperial College and Oxford University in the United Kingdom, in addition to Stanford and Carnegie universities. Mellon), (Columbia), (California-San Diego), (Michigan-Ann Arbor), (California-Los Angeles), (Pennsylvania) and (Yale) in the United States.
He added that the universities also included (Melbourne) in Australia, (Toronto) and (Rotman School of Management) in Canada, pointing out that the scholarship students have a master’s degree in various disciplines such as finance, investment, business administration, finance and management. , Islamic finance and management, in addition to the disciplines of accounting, financial management, energy policy and the environment.
He stated that the institute monitors and works to keep pace with changes in the labor market, especially in the field of digitization, and uses its capabilities to provide everything that is new and required in the labor market. And to qualify them to able to handle them professionally and with high professionalism

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