Leadership Development Program (LDP)

EIBFS has partnered with Darden Executive Education and BIBF to design a two-week executive development programme for outstanding managers from the Gulf region.

The Leadership Development Programme faculty team has created an impactful programme based on actionoriented learning experiences and participant-centred classroom discussions.

Through case study analysis, participants will explore actual business problems and solutions that will lead them to develop new ways of thinking about their own business challenges. Learning team and class discussions offer an opportunity to practice influencing others, understanding differing viewpoints, and thinking strategically.

The ‘Certificate in Islamic Banking and Finance’ (CIBF) Jointly issued by EIBFS and IBFIM aims to develop qualified personnel with deep and strong knowledge of Islamic banking products and operations

The ‘Certificate in Islamic Banking and Finance’ (CIBF) Jointly issued by EIBFS and IBFIM aims to develop qualified personnel with deep and strong knowledge of Islamic banking products and operations as well Islamic financial market and takaful operations who can meet the requirements of growing Islamic finance market. CIBF is tailored to fit the needs of industry professionals in the field of Islamic banking, takaful and capital market. The duration of the program is 100 hours and it shall focus on the following areas:

  • The Foundation of Islamic Banking and Finance
  • Shari’ah and Islamic Finance
  • Islamic Banking Products and Operations
  • Islamic Financial market and Takaful Operations
  • The program shall be offered at all EIBFS campuses in Dubai, Sharjah, Abu Dhabi.

NQA welcomes EIBFS today to discuss programs delivered by the institute and ways of mutual cooperation

The workshop discussed about the importance of standards and procedures for the development and qualification of national professional, including the Outline of the national system of qualifications and their role in individual economic sectors, educational institutions and training service

The workshop mentioned that NAQ will provide technical support and advice to EIBFS when we begin to develop standards and qualifications for careers and jobs targeted projects by EIBFS to be successful.

EIBFS is leading the change in the Emiratisation new strategy in the banking and insurance sector

The council of ministers has lately approved the new emiratization strategy prepared by Boston Consulting Group to human resources committee in field of insurance and banking sector.

As the implementation of new strategy is vital to achieve the goals of the emiratization policies & procedures in the insurance sector, EIBFS took the lead for conducting “Train the Trainers” sessions for all insurance companies’ incorporation with insurance Authority in addition to all Banks incorporation with central Bank

The first train the trainer session was held on Thursday 11th February 2016 – 10:00 am to 1:00 pm in presence of 24 representative from 11 insurance companies. In the banking sectot , The first train the trainer session was held on Thursday 21st January 2016 – 10:00 am to 1:00 pm at Dubai Campus in Dubai academic city and in presence of 11 representative from 6 banks.

EIBFS will continue conducting the training for the rest of 46 banks and 51 insurance companies during 2016

BASEL III Implementation & Challenges Workshop

BASEL III guidelines have been introduced earlier in UAE, recently central bank of UAE has been started engaging Banks in UAE for implementation of BASEL III Guidelines. The guidelines impose far-reaching changes in the capital structure, business models, risk management systems and corporate governance structures of Banks. EIBFS is organizing a workshop to assist banks in better understanding of the guidelines and more robust implementation of BASEL III on 25 February 2016 from 9:30 am – 3:00 pm in Dubai Campus

Enhancing UAE women’s leadership in banking, financial services

The success of women can be attributed to the UAE government’s strong support for women empowerment across the region.

Today some 30 per cent of the UAE’s women hold senior management positions and run their own enterprises in the country. No longer solely working within the hospital and government institution space, Emirati women are increasingly pursuing technical and managerial occupations across all sectors of the service industry.

Earlier considered a conventionally male dominated industry, the banking and the finance sector in the UAE is registering significant intake of Emirati women professionals as well. Currently, some 8,000 women account for almost 72 per cent of the UAE nationals in the banking workforce, and approximately 43 per cent of the total workforce overall.

This is further evidenced by the Oxford Strategic Consulting’s 2015 Emirati Employment Report which states that women are significantly more likely (21 per cent) than their male counterparts (four per cent) to work in banking and finance.

The success of women can be attributed to the UAE government’s strong support for women empowerment across the region. The government has launched various initiatives and programmes to diversify the workforce. The recent constitution of the UAE Gender Balance Council designed to enhance the role of women in the UAE job market and affirm their importance in building the nation’s future is a case in point.

Reiterating the importance of the banking sector as a key player in diversifying the economy, the UAE continues to address gaps in the nation’s financial and banking literacy and skills domains. The UAE Banks Federation aims to strengthen the support for women in the sector and increase female leadership by at least 10 per cent.

To increase Emirati participation and leadership in this sector, local and regional bank training initiatives such as Noor Bank’s Coaching and Mentoring Development Programme provide both men and women nationals with training in leadership development and growth.

In addition to preparing nationals for senior management positions within the bank, such programmes allow women personnel to receive the same rigorous and valuable leadership training as their male colleagues.

However, despite these efforts, female leadership in the banking and financial services sector remains dismal in comparison to the high graduation rates and participation of women as employees in the sector. Only 12 per cent of women in the UAE hold senior management roles in banking.

Women are often hesitant to apply to higher level positions due to concerns with the flexible and remote working options available to senior managers and the negative attitudes associated with working shorter hours and work weeks. Many women see this as a distraction from fulfilling family obligations. Others lament the compensation and career development gaps that still favour men.

In order to eliminate these barriers, mentoring and training programmes such as those provided by Emirates Institute for Banking and Financial Studies (EIBFS) can help women and men excel in their financial careers by honing highly effective and visionary leadership skills.

For example, in 2015, EIBFS in collaboration with Darden School of Business, University of Virginia selected the UAE’s best and brightest senior managers to participate in its Leadership Development Programme. Selected on merit, senior female executives along with their male counterparts attended rigorous courses in Virginia to develop and build effective networks, lead strategic change, cultivate business acumen and enterprise thinking, negotiate excellence, manage conflict and grow through peer, faculty and executive coaching.

Furthermore, by prioritising female leadership development, the UAE’s central bank can serve as a key facilitation mechanism to encourage cooperation across banks in the UAE. Successfully promoting high Emiratisation rates in banking, the central bank can exert the same focus towards supporting and developing Emirati female talent.

Banking institutions can also establish women’s networks that provide targeted training, coaching and mentoring to female employees. Such networks should provide adequate professional development and training to female staff and explore the dynamics of power and influence as important leadership competencies for women. Firms should focus less on ‘fixing the women’ and instead look to fix institutional culture and business norms.

Lastly, banking institutions should offer flexible working options with part-time or reduced hour alternatives and lead a business culture shift where rewards are offered based on results rather than attendance in the office. For banks to operate successfully in talent-driven economies, they need to implement clear and output-focused performance management processes that encourage a culture of meritocracy.

Once this commitment to encouraging talent development is in place, the UAE’s financial community and training institutions can play a more effective role in ensuring Emirati women take up their rightful positions in the nation’s value chain. The presence of a greater number of women in leadership roles may also eventually encourage the country’s banks to foster an inclusive and flexible business environment.

The 18th National Career Exhibition in the Banking and Finance Government Sector

The 18th National Career Exhibition in banking, financial and government sector has been inaugurated by His Highness Dr. Sheikh Sultan Bin Mohammed Al Qassimi, Supreme Council Member and Ruler of Sharjah, at Expo Centre Sharjah.

Under the patronage of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah and the presence of a number of their Highnesses, Excellencies and guests Emirates Institute for banking and financial studies organizes the 18th National Career Exhibition in the Banking, Financial and government sector at expo Sharjah, which lasted for three days between February 10 to February 12, 2016.

22 banks participated in the exhibition in addition to 10 insurance companies, 7 exchange companies and 20 governmental organizations and educational institutions.

Al Jassmi: National Career Exhibition in the banking, financial and government sector is renewed over 18 years

At the beginning of his speech, Mr. / Jamal Al Jassmi – General Manager of the Emirates Institute, welcomed His Highness Sheikh Dr. / Sultan bin Mohammed Al Qassimi, Supreme Council Member and Ruler of Sharjah and their Highnesses and Excellencies guests. Proceeding from the country’s interest in empowering promising national calibers in the banking sector, the Council of Ministers adopted its resolution No. (267/10/3) for the year 2015 at its No. 10 dated 10/25/2015 the new Emiratisation strategy in the banking sector and insurance companies, as well as a mechanism required to implement and monitor the Emiratisation system, the new strategy is based on points system for the Emiratisation of leadership positions and vital functions. Al Jassmi assured that investment in training and development leads to higher rates of Emiratisation in this vital important sector for the economy of the country.

Mr. Jamal Al Jassmi added that the institute has launched a “library in each bank” initiative as a way to spread knowledge and make use of them to support the spirit of innovation among workers in the banking sector, this initiative also aims to enhance the strategic thinking in the field of science, technology and sustainable development. The institute is also offering effective leadership and strategic planning programs in collaboration with Harvard University, USA in addition to the women leadership business management programs at Darden School, University of Virginia in the second quarter of 2016 as well as professional certification in specialized fields such as management, accounting and Islamic finance programs.

Al Jassmi pointed the excellent cooperation with the Human Resources departments in the banking sector, specialized audit and the Advisory Committee of the Institute and stressed the importance of this coordination in the programs and development to serve the banking sector.

Experts say that about 15,000 aspirants enter the job market every year and a greater involvement of Emiratis in the private sector will give a much-needed fillip to the Emiratisation programs, which is crucial for economic prosperity and social inclusion.

This year, the exhibition is showcasing thousands of employment, internship and training opportunities in a variety of sectors like banking & financial services, insurance, information technology, telecom and tourism, among others, in both public and private sector establishments.

The National Career Exhibition is one of the highly regarded career events in the UAE that offers the best training and employment opportunities for national graduates in the country.