Bank supports BIBF training programme

04/10/2015 08:11 AST

Bahrain Islamic Bank (BisB) has backed a Bahrain Institute of Banking and Finance (BIBF) Dealing Room initiative to enhance the quality of training in the banking and financial sector by providing technology-enabled experiential learning in a controlled environment.

BIBF Dealing Room is the first educational facility of its kind in the region that allows students to learn about trading stocks and bonds on a real-time basis.

The facility includes 22 trading stations that are fully-equipped with market tools that link with Bloomberg and Thomson Reuters Eikon.

BisB senior manager treasury and investments Hussain Al Banna presented a cheque to BIBF deputy director Dr Ahmed Al Shaikh in the presence of representatives from both organisations, supporting the initiative.

BisB chief executive Hassan Jarrar highlighted the importance of specialised, vocational training in preparing the nation’s most valuable asset – its workforce, for the competitive labour market, and his pride in BisB’s support of this initiative.

He also lauded BIBF’s role in supporting the enhancement of local and regional human capital across the financial sector through its training initiatives, and the launch of its educational Dealing Room facility.

Dr Al Shaikh praised BisB’s continuous support for BIBF and its interest in training Bahrainis and reducing the skills gap in the labour market in order to meet the economic development goals of the country.

“The dealing room and the simulation programme will help bankers obtain practical experience, in addition to theoretical training, and further prepare them for the work environment,” said Mr Al Banna.

BIBF launched its first simulation course, titled “Trading, Market Making and Portfolio Management,” in March with participants travelling from Oman and Saudi Arabia to attend the training.

Gulf Daily News