DOHA: Qatar Islamic Bank (QIB) has signed an exclusive agreement with INJAZ Qatar to sponsor a three-year financial literacy programme for select high schools and universities in Qatar.
The agreement was signed by QIB Group CEO Bassel Gamal and his INJAZ Qatar counterpart Emad al Khaja, at the bank’s headquarters at Grand Hamad Street.
The QIB-INJAZ collaboration will launch a new”Personal Finance Programme” curriculum. The programme is a five-week training with interactive and engaging sessions tailored specifically for high school students and university freshmen, aged 15 to 19.
QIB and INJAZ Qatar will offer the programme to 1,250 university and high school students over the coming three years, starting from academic year 2018/2019. QIB expert staff have also committed to delivering the programme sessions alongside INJAZ Qatar volunteers.
“Today’s youth lack the necessary education on topics such as banking, investment, and budgeting ” education which is critical to leading a healthy and stable life. Around the world, there is a growing interest in requiring personal finance classes for the youth. Together with INJAZ, QIB adapted a specialised curriculum to meet the specific needs of Qatar’s population, and the strong foundational capabilities of the bank,” a statement said.
Commenting on the agreement, Mashaal Abdulaziz al Derham, Assistant General Manager, Head of Corporate Communications and Quality Assurance at QIB said,”QIB is committed to investing in Qatari youth and empowering them by strengthening their financial literacy. Fostering a society where the youth can responsibly manage their money is vital for a successful financial future.”
INJAZ Qatar CEO Emad al Khaja said,”A crucial part of living a meaningful and productive life is being able to manage your finances and maximise its value. So, the earlier we teach students the importance of personal finances, the better we equip them to face the challenges that lie ahead.”
The”Personal Finance Programme” explores ways to earn money and spend it wisely by budgeting, saving, and investing. Courses include the cautious use of credit cards, and protecting personal finances.
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