Warba Bank of­fers fi­nanc­ing so­lu­tions for LSA courses

Bank inks co­op­er­a­tion agree­ment to sup­port health sec­tor

Kuwait Times - - BUSINESS -

Warba Bank is dis­tin­guished by the in­no­va­tive so­lu­tions it presents to all mem­bers of the Kuwaiti so­ci­ety, which re­flects its com­mit­ment to sup­port­ing so­cial growth as well as spread­ing ed­u­ca­tion and cul­ture. Ac­cord­ingly, Warba Bank an­nounced an ex­clu­sive co­op­er­a­tion agree­ment with the Life Sciences Academy (LSA) on De­cem­ber 5, 2016, through which it of­fers ed­u­ca­tional fi­nan­cial fa­cil­i­ties for health sec­tor em­ploy­ees who are look­ing to en­roll in train­ing pro­grams or­ga­nized by the academy, renowned as leader and the first health academy in Kuwait and the Gulf region that of­fers train­ing pro­grams for health sec­tor pro­fes­sion­als.

Warba Bank of­fers these fi­nan­cial fa­cil­i­ties through ‘bar­gain­ing’ con­tracts that are ex­clu­sive for ed­u­ca­tion, and ac­cord­ing to the Is­lamic sharia. It also guar­an­tees flex­i­ble in­stal­ments fa­cil­i­ta­tions that ex­tend for up to 5 years through the free Taka­ful in­sur­ance sys­tem. In ad­di­tion, these fa­cil­i­ties are avail­able for all, do not re­quire salary trans­fer, and with lim­its rang­ing from KD 1000 to KD 15,000.

Com­ment­ing on Warba Bank’s ini­tia­tive, Basel Al-Obaid, Chief Cor­po­rate Bank­ing Of­fi­cer, said: “Warba Bank is keen on de­sign­ing in­no­va­tive fi­nanc­ing so­lu­tions that are com­plaint with the Is­lamic sharia, and com­men­su­rate with the bank’s de­vel­op­men­tal strat­egy that aims to pro­vide fa­cil­i­ta­tions for ed­u­ca­tion to im­prove the ca­pac­ity of Kuwait’s health sec­tor em­ploy­ees.”

“Our partn­er­ship with the Life Sciences Academy is aligned to the stan­dards of the bank’s mes­sage and vi­sion, which aim to pro­vide flex­i­ble fa­cil­i­ta­tions and to en­cour­age those look­ing to im­prove their pro­fes­sional skills. We hope that it re­flects pos­i­tively in ser­vice of ci­ti­zens and the so­ci­ety,” he added.

Al-Obaid fur­ther in­di­cated that Warba Bank con­tin­ues its mes­sage of in­no­vat­ing so­lu­tions that ben­e­fit all seg­ments of so­ci­ety, re­gard­less of their monthly in­come, be­cause the bank be­lieves that it orig­i­nated from the mid­dle of the Kuwaiti so­ci­ety to present guid­ance and sup­port nec­es­sary for its de­vel­op­ment.

“We are com­mit­ted to mak­ing our clients’ lives eas­ier, and to al­ways present fi­nanc­ing of­fers for them that are de­signed ac­cord­ing to flex­i­bil­ity and in­no­va­tion stan­dards, which makes Warba Bank their first desti­na­tion for Is­lamic bank­ing trans­ac­tions,” Al-Obaid con­cluded.

Mean­while, Mo­ham­mad Na­hes Al-Enezi, CEO of the Life Sciences Academy which is owned by the Na­tional Group for Tech­nol­ogy Pro­jects (af­fil­i­ated to the Kuwait In­vest­ment Author­ity), said that singing the co­op­er­a­tion agree­ment with Warba Bank to fi­nance the train­ing courses that the academy presents comes in line with the so­cial re­spon­si­bil­ity of both par­ties in terms of sup­port­ing the health sec­tor and its all of its work­ers.

Al-Enezi added that the new fi­nanc­ing ser­vice comes as a so­lu­tion for a prob­lem cre­ated by the limited bud­get ded­i­cated for train­ing at the Min­istry of Health, as well as the pres­sures cre­ated by the state’s bud­get deficit, cou­pled with the ur­gent need to im­prove the health sec­tor and train med­i­cal per­son­nel on us­ing the lat­est med­i­cal tech­nolo­gies and skills.

Fur­ther­more, it helps limit the state’s spend­ing on treat­ment over­seas, he added.

More­over, he fur­ther in­di­cated that the agree­ment stip­u­lates pro­vid­ing a fi­nanc­ing with a min­i­mum of KD 1,000 and max­i­mum of KD 15,000, and with­out prof­its on the de­clared price, in or­der to help doc­tors, nurses and other med­i­cal per­son­nel im­prove them­selves, and en­roll in pro­fes­sional train­ing courses cer­ti­fied by the most pres­ti­gious med­i­cal in­sti­tu­tions around the world. It could also al­low them to at­tend in­ter­na­tional sci­en­tific con­fer­ences and work­shops with re­duced costs, and with­out hav­ing to wait for long pe­ri­ods to ob­tain train­ing courses in a dy­namic and fast evolv­ing sec­tor, thus im­prov­ing their ca­reer com­pet­i­tive­ness lo­cally and re­gion­ally.

Al-Enezi fur­ther in­di­cated that the in­te­grated fi­nanc­ing so­lu­tions avail­able be­tween the Min­istry of Health and Warba Bank makes it manda­tory to im­ple­ment a com­pul­sory con­tin­ued med­i­cal ed­u­ca­tion sys­tem for all med­i­cal per­son­nel, which is a sys­tem fol­lowed world­wide as a con­di­tion to prac­tice medicine.

He added that the academy is the first of its kind in the Gulf region which is spe­cial­ized in pre­sent­ing con­tin­ued med­i­cal ed­u­ca­tion pro­grams in Kuwait, both in the pub­lic and pri­vate sec­tors. Fur­ther­more, he pointed out that the academy car­ried out more than 150 train­ing pro­grams over the past two years and a half deal­ing with var­i­ous health fields for the pub­lic and pri­vate health sec­tors, in which around 1,000 trainees have en­rolled. He fur­ther ex­plained that the academy pro­vides knowl­edge, ed­u­ca­tion and train­ing through pro­fes­sional train­ing pro­grams in all health-re­lated fields, and for prac­tic­ing doc­tors, phar­ma­cists, physi­cians, and even ex­ec­u­tive di­rec­tors as a unique plat­form for con­tin­ued pro­fes­sional de­vel­op­ment pro­grams, thus mak­ing its pro­grams a true op­por­tu­nity to stay ac­quainted with the lat­est in­ter­na­tion­ally cer­ti­fied med­i­cal prac­tices.

It is worth men­tion­ing that Warba Bank is a leader in de­sign­ing fi­nanc­ing so­lu­tions that meet all of our clients’ needs. It re­cently launched a se­ries of pro­mo­tions to fi­nance ve­hi­cles, sign­ing in the process strate­gic part­ner­ships with in­ter­na­tional au­to­mo­bile agen­cies. It also of­fers on­line ser­vices in­clud­ing the Ex­press Fi­nance ser­vice which it re­cently an­nounced in co­op­er­a­tion with the Pub­lic Author­ity for Civil In­for­ma­tion.

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