The training will take place over the summer period up until August 30 and aims to strengthen capabilities within the domestic market while providing professional opportunities for young UAE nationals within the Islamic banking sector.
Mr Ahmed Al Sarkal, Human Resources Manager, DIB said "through the Iktasib programme, the bank aims to strengthen its contribution to society. Iktasib provides professional training opportunities for young UAE nationals allowing them to develop their skill set and increase their knowledge of Sharia compliant Islamic finance. Trained individuals will be given priority regarding employment vacancies at the bank in the future." The second round of the Iktasib programme builds on the success of the first which was undertaken last year and which was hailed by the trainees as a great success.
Mr Al Sarkal noted that the programme is open to young UAE nationals with High School Diplomas. "This training exposes the trainees to the bank's overall strategy and vision. We at DIB are committed to providing the highest quality of innovative financial services that comply with Islamic Sharia." Trainees that participate in the Iktasib programme receive a monthly stipend.
Iktasib introduces trainees to the various services of the bank including specialized advisory services, savings and current accounts, investment and credit products, forex transactions, safety deposit boxes, call centre management and internet banking.
At the end of the programme, the bank will honour outstanding participants with special awards and certificates of merit.
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Dubai Islamic Bank launches second round of Iktasib
- United Arab Emirates: Sunday, July 06 - 2003 at 16:20
- PRESS RELEASE
Dubai Islamic Bank, a pioneer within the UAE banking sector, has announced the launch of the second round of its training programme, Iktasib, targeting UAE nationals.
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For further information, please contact:Fakher Daghestani/Clare Woodcraft
ASDA'A Public Relations,
Burson-Marsteller Exclusive affiliate in the Middle East
Dubai, UAE
Tel: +971-4-3344550
Fax: +971-4-3344556
About Dubai Islamic Bank
Established in 1975, Dubai Islamic Bank was the first private interest-free Islamic bank to come into existence in the world, implementing the principles of Islam in all its practices. It was founded with the assistance of the UAE Government, the Central Bank and people of the UAE.
The economic and business philosophy of Islam encourages the generation and sharing of profits. However, it forbids the earning or distribution of interest payments. Leveraging the strengths of Islamic economic concepts and state-of-the-art banking technology, DIB creates partnerships with its customers to generate profits, which are then shared with them. DIB has created an array of Islamic banking and finance products to suit the requirements of its customers.
DIB reported a 28% rise in its assets in 2002 to AED19.6 billion ($5.34 billion) compared to AED15.3 billion ($4.16 billion) in 2001 while customer deposits increased by 29% from AED13 billion ($3.59 billion) to AED17 billion ($4.62 billion).
Posted by Anne-Birte Stensgaard, Senior News EditorSunday, July 06 - 2003 at 16:20 UAE local time (GMT+4)
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This article was updated on Mon Dec 29 2003.
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