| Azaraimy HH |
BANK Islam Brunei Darussalam Berhad (BIBD) lauded almost 50 employees who graduated from Islamic Banking and Finance Institute Malaysia (IBFIM) with Islamic Financial Planner (IFP) certification and Fitch Learning’s Corporate Credit Risk Programme.
Presenting the certificates to the graduates at the Royal Berkshire Hall of the Royal Brunei Polo and Riding Club was the Minister of Education, Pehin Orang Kaya Seri Kerna Dato Seri Setia (Dr) Haji Awang Abu Bakar bin Haji Apong.
Also in attendance were members of the BIBD Board of Directors and the Syariah Advisory Body; Permanent Secretary at the Ministry of Religious Affairs, Dato Seri Setia Haji Abdul Aziz bin Orang Kaya Maharaja Lela Haji Mohd Yusof; Mohamad Najib Shaharuddin of the IBFIM; Managing Director of Fitch Learning (Asia Pacific), Daniel Kok and senior management at BIBD.
The minister in his speech said that a dynamic, knowledgeable, highly-skilled and dedicated workforce is important for BIBD and Takaful Brunei to stay ahead of the competition in creating innovative and creative products in relation to the growing changes and demands of the current market.
“In this globalised world with rapid changes and technological advances, banking and insuranceinstitutions are continuously facing many challenges,” he said, adding that “these elements are reffered to in military terms as volatile, uncertain, complex and ambiguous (VUCA).
Touching on human capital, the minister said the Ministry of Education (MoE) is committed to nurturing students with 21st-Century skills and to become life-long learners with valuable and marketable skills.
“One of our efforts in this endeavour is through developing their entrepreneurial skills and mindsets. This means our students are able to become independent individuals and well-prepared to enter the job market in such VUCA”.
The minister said that the ministry welcomes banking and financial institutions to come forward and collaborate with the ministry, especially with vocational and technical institutions in providing established training programmes that are relevant to the needs of the industry. This is also part of the ministry’s effort to transform technical education in Brunei.
BIBD Managing Director, Javed Ahmad, in his speech said, “To those receiving their certificates today, I would say that with the technical and professional skills you have gained, there is greater responsibility on you to do the right thing.
“It is only through doing the right thing that you will get both the professional and personal satisfaction of truly contributing to your own long-term aspirations and to the future growth and prosperity of our beloved nation.”
He said these professional certifications mean that BIBD and its sister company, Syarikat Takaful Brunei Darussalam, are more able and adept at providing the best Islamic financial solutions for its clients.
He added that this accomplishment along with the efforts and investments made by the bank has resulted in a pool of people with the required expertise.
“This will go a long way as we commit and define ‘Our Bruneian at Heart’ promise of delivering the best Islamic financial solutions to customers”.
The IFP is an eight-month professional qualification programme developed in collaboration with IBFIM and Financial Planning Association of Malaysia (FPAM). More than 30 personnel from BIBD and Takaful Brunei participated to develop their expertise in financial planning and wealth management.
Twenty-two BIDB and nine Takaful Brunei employees graduated from the programme that was specially designed for professionals and executives serving in the retail segment of the Islamic financial market.
The continued innovation of Islamic financial products and growing demands of discerning Muslim retail clientele call for higher standards of competency and ethical practice by financial planning professionals. BIBD now has 24 four certified Islamic planners within their workforce, three of whom are also Chartered Financial Consultants.
The Corporate Credit Risk Programme is developed by Fitch Learning, a leading provider of global learning and development solutions for the financial services industry.
It is a three-month programme specifically customised for BIBD to enhance its employees’ analytic skills and credit judgement to better evaluate and structure funding solutions for its current and future customers. BIBD is the first organisation in Brunei Darussalam to collaborate with Fitch Learning to deliver in-house programmes in corporate credit risk.
Twenty employees from BIBD’s Corporate Banking, Institutional Banking and Risk Management Division participated in the inaugural batch of the programme. Participants were introduced to topics ranging from corporate credit analysis, risk forecasting, structuring finance solutions to early warning signals.
The personalised programme was to maximise the learning experience and ensure that participants’ newfound skills adhere to industry best practices.