BIBD – preparing the leaders of tomorrow

With Bank Islam Brunei Darussalam (BIBD) as Brunei’s largest employer in the local financial services industry and a human capital development investment amounting to BND10 million over the next 10 years, BIBD Managing Director and CEO Mubashar Khokhar said, “Alhamdulillah, we are immensely proud of our efforts to develop opportunities and capabilities for the country’s human capital, and will continue to do all that we can do to support the Government of His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam in achieving Brunei Vision 2035.

“Furthermore, echoing His Majesty’s titah urging youth to be more open to work the private sector, BIBD has always been committed to reducing local unemployment and employing young talents with a diverse range of academic backgrounds and qualifications, creating a significant number of jobs in the past five years.”

In terms of overall capacity-building, BIBD is committed to the development of existing employees through various strategies and frameworks that are aimed at producing a cadre of local leaders and building a high quality workforce. With an increasing investment in learning and development, BIBD aims to ensure that its employees have sufficient access to training and development opportunities.

BIBD also continues its efforts to identify and provide opportunities for high-potential employees to take on roles as BIBD’s future leaders. One such example of this is the Cambridge Islamic Finance Leadership Programme (IFLP), a prestigious international programme conducted by the University of Cambridge in the United Kingdom, where three BIBD employees were placed among the Top Five Most Outstanding Attendees between 2016 and 2018.

In 2017, more than 50 BIBD employees participated in a two-day workshop on Scorecard Implementation conducted by S&P Global Market Intelligence, which provides data, research, and analytical solutions focussing on global market data, credit risk solutions and security valuation and pricing.

Additionally, more than 70 per cent of BIBD’s Senior Management Team comprises of locals with clear succession planning and knowledge transfer initiatives in place.

As part of the bank’s commitment to build next-generation leaders, BIBD has jointly developed a Leadership Development Programme with the International Centre for Leadership in Finance (ICLIF).

The bank’s emphasis on talent development, combined with remuneration packages that encourage and reward excellence, is reflected in the results of the bank’s internal Employee Experience Survey conducted in 2018. The survey revealed that over 83 per cent of its employees are happy and proud to be the bank’s employees and over 74 per cent saying that BIBD is a great place to work.

BIBD’s emphasis on talent development is one of its key defining strengths. Guided by the belief that the bank will grow only when its people grows, BIBD will continue its efforts to build excellence and aim to be the preferred bank for talents within the bank, as well as the country in general.

BIBD employees took part in the Cambridge Islamic Finance Leadership Programme in the United Kingdom. PHOTO: BIBD