KIB HOLDS TRAINING PROGRAM ON CAPITAL MARKETS

KUWAIT: In line with its ongoing efforts to invest in the professional development of its employees, Kuwait International Bank (KIB) recently held a training program entitled ‘Capital markets: Their tools and how to navigate them.’ The training program was attended by a number of managers at KIB, from the fields of international banking and investment, financial regulations, and risk management.

Fourteen employees in total took part in the three-day training program, which proved to be a highly interactive and positive learning experience for the participants - all of whom successfully completed the training program.

On this occasion, Dr Hisham Abdulhay, Sharia Coordinator in the Fatwa and Sharia Supervisory Unit at KIB, commented: “The training program addressed the concept of modern capital markets and its basic components, including: options, futures, Forex, Margin Forum and Indicators. Additionally, the program covered the technical and sharia compliancy aspects of capital markets, and touched upon issues such as securities, trading commodities and sharia compliant alternatives.”

Abdulhay also noted that the training program offered unique practical applications, thereby providing employees with value added expertise, both from a technical and sharia compliancy perspective. The program also explored various means of dealing in modern financial markets and the skills needed to detect market abuse in markets dealings.

Abdulhay concluded: “This training program comes as part of a series of comprehensive programs within the field of Islamic banking; which are being rolled out according to a systemized, phased plan, taking into account the diverse needs of each department at the bank. KIB believes that training is an ongoing endeavor, and as such constantly works to nurture employees’ skills to meet the growing demand for Islamic banking products and services, both internationally and regionally.”