Bahrain Islamic Bank Signs a MoU With Bahrain Polytechnic

Press release
Published February 16th, 2020 - 09:36 GMT
Bahrain Islamic Bank Signs a MoU With Bahrain Polytechnic
During the event
Highlights
Bahrain Islamic Bank (BisB) signed a Memorandum of Understanding (MoU) with Bahrain Polytechnic

 

As part of the Bank’s Corporate Responsibility Program, Jood, Bahrain Islamic Bank (BisB) signed a Memorandum of Understanding (MoU) with Bahrain Polytechnic during a signing ceremony which took place at BisB’s Headquarters, attended by the Chief Executive Officer of BisB, Mr. Hassan Amin Jarrar and the Chief Executive Officer of Bahrain Polytechnic, Dr. Jeff Zabudsky and a number of officials from both parties. Through the mutually beneficial partnership, BisB and Bahrain Polytechnic will embark on a combination of initiatives which aim to equip students with enhanced soft skills such as innovation, creativity, entrepreneurship and leadership in order to create a future-ready workforce. 

The joint initiatives will include several internship and training programmes, including intensive bilingual workshops conducted by members of the Bank’s staff in order to provide the students with in-depth insights and a hands-on learning experience. The programme has been carefully curated by both parties with the aim of prioritising students’ real experience in the financial world across multiple departments, It will focus on a deep-dive into the frontline of innovation to gain the tools and techniques to drive digital transformation in any sector by conducting research projects on real life case-scenarios involving the Bank’s Departments. 

“We are delighted to enter into this partnership with Bahrain Polytechnic, and we’re inspired by their ethos of offering academic programmes for their students’, combining theoretical and practical teaching methods to produce professional, work-ready graduates. We plan to launch a number of initiatives aimed at fine-tuning the students’ knowledge, thereby enabling them to gain real-life insights into the financial and banking industry, giving them a behind-the-scenes glimpse into the inner workings of our Bank. This partnership comes in line with ‘Jood’ which focuses on educating the younger generation, through innovation, in order to create a highly educated workforce which is equipped with the requisite skills and mindset, in order to prepare them to be leaders in the local workforce in today’s modern world,” said Mr. Jarrar.

Dr. Zabudsky commented, “We look forward to kicking off this fruitful partnership with BisB, who have set a precedent as a Bank as leaders in innovation in the Kingdom of Bahrain, and are excited at the prospect of launching these educational initiatives with an aim to further strengthen the skills of students at Bahrain Polytechnic. This programme, with its combination of workshops and training, will better prepare our students to enter the job market as leaders, by providing them with the added advantage that comes with gaining real-life and hands-on experience in the financial sector across multiple departments.”

The Bank remains committed to strengthening cooperation with various entities and institutions in the Kingdom of Bahrain, in line with BisB’s Corporate Social Responsibly (CSR) platform, ‘Jood’, in order to launch various education-based initiatives that focus on innovation. ‘Team Jood’, the Bank’s CSR committee, was established in March 2019 and consists of a number of the Bank’s employees who actively participate in various initiatives throughout the year.

Background Information

Bahrain Islamic Bank

Incorporated in 1979 as the first Islamic bank in the kingdom of Bahrain, and the fourth in the GCC. Bahrain Islamic Bank (BisB) has played a pivotal role in the development of the Islamic banking industry and the Kingdom’s economy. The Bank operates under an Islamic Retail banking licence from the Central Bank of Bahrain and is listed on the Bahrain Bourse.

At the end of 2016, the Bank’s paid up capital was BD 101 million, while total assets stood at BD 1042 million. The Bank’s modern branch network comprises 5 branches, 4 innovative financial malls, and 56 ATMs located throughout the Kingdom. A steadfast focus on continuous innovation, strong corporate governance and risk management, employee development, and the use of state of the art technology to deliver superior customer service, has cemented Bahrain Islamic Bank’s position as the leading Sharia’a – compliant bank in the Kingdom.

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