As part of training and self-rehabilitation programs, Dubai Customs held a seminar titled “Art of Personal Financial Management” presented by Salah S. AL-Halyan, the consultant and financial planning expert. The seminar was attended by Feryal Tawakul, Director of Training Centre at Dubai Customs and great numbers of employees.
Feryal Tawakul said that: “the conduct of this seminar comes within the framework of enhancing awareness about the importance of financial management and planning to ensure mitigation of unnecessary personal expenses which mainly responsible for wasting savings and undermining personal investments and at Training Department we seek to spread awareness of employees through organizing specialized sessions in different domains”
Salah Al-Halyan the founder and Managing Director of GIC is a Certified Insurance Consultant by the Ministry of Economy - UAE, licensed Agent / Broker for Life & Disability, Health and General insurance in the states of California and Florida - USA and a certified Investment Consultant Series 6. He is a board member of the UAE Insurance Authority, an insurance expert in Dubai and Ministry of Justice Courts, an Arbitrator in Dubai International Arbitration Center and a member of the Chartered Institute of Arbitration (CIArb) - UK.
Salah is a permanent writer in leading UAE newspaper, runs personal finance seminars and workshops, produces and presents his radio show In the workshop, Consultant Salah AL-Hayan presented a simple explanation about the principle of financial planning, urging people to focus on the priorities, savings and financial goals along with being essentially aware that markets attempt individuals to habitually consume more using all marketing means for achieving these ends, including, advertisements via medias which in turn have influential roles to play in attracting individuals to come up for shopping.
Mr Salah spoke about the risks of relying on debts and bank personal loans to satisfy consumers’ unneeded wants, warning about excessively using credit cards and their disastrous consequences which might end up with debts burdens.
AL-Halyan discussed the personal financial budgeting concept which urges to control expenses as according to the individual incomes and the necessity of contriving to save a portion of incomes with aim of achieving investments. He exposed a method for managing family monthly budget, advising people how they can avoid familiar purchasing temptation methods
Mr AL Halyan also spoke about the concept of investment and its basic objectives, discussing some of investment tools such as shares, bonds, instruments and other investment tools, giving a brief overview about the potential risks which an investor might undergo and spoke of investment opportunities availability and their practical roles for creating new income saving pools.
The conduct of this seminar comes within the framework of Dubai Customs’ keenness on playing a vital role towards serving the community through the orientation of individuals about different obstacles and challenges, educating them about the solution methods that could possibly be applicable overall health, security and business areas, believing in rendering services to the community by use of all means, in addition to the key challengeable efforts as led by Dubai Customs in ensuring security and supporting economy.