Three women staff at the National Commercial Bank’s (NCB) Investment Services Division have been awarded the Basic Investment Certificates (BIC) after passing the recognized SAMA Accreditation Exam.
The certification acknowledges a set of professional attributes necessary for effectively processing operations inside the division and is best suited for meeting the needs of the bank’s customers.
Overall thirteen women from the various departments at NCB including three from Investment Services, eight from retail banking, one from private banking and one from Quality Division succeeded in the SAMA Accreditation Exam.
“Passing the program and exam has greatly raised my awareness of investments tools and regulations,” said Nawal Al Suliman, a BIC holder. Another graduate of the program, Mirna Haram added, “the certification is important because our customers’ can be ensured of our strict adherence to SAMA requirements and regulations that guarantee transparency and efficiency at every implementation level of investment operations”. Jumana Abdulmajeed, the third certificate recipient described how the knowledge gained will enhance the service offered to customers.
“The Basic Investment Certificate will strengthen our colleagues’ knowledge of various investment tools in the financial markets, about Sharia-compliance, the economic framework of security analysis, mutual funds, detecting and stopping money laundering and other investment aspects,” said Amr Banaja, Head of Marketing at NCB’s Investment Services Division.
This achievement falls within the efforts of the NCB’s Investment Services Division to maintain the high level of expertise and professionalism that have been the key elements of the leadership of the bank in the mutual funds industry over the last three decades.
Note to the editor:
The National Commercial Bank (NCB) was the first Saudi Arabian bank to introduce mutual funds in the Kingdom in 1979 and remains the leader of the industry because of its extensive experience and expertise in the field. The bank is acknowledged internationally as the pioneer and the innovator in Islamic Sharia-compliant mutual funds. This achievement was recognized when NCB was awarded the Euromoney International award for the Best Islamic Asset Management House for two consecutive years in 2003 and 2004.
