The Rise of Islamic Banking
There are an estimated 1.61 billion Muslims worldwide, making Islamic Banking the fastest growing segment of the financial industry. In order to retain existing customers and attract new ones, banks must be ready with specialized products and services. Islamic financial institutions must put programs in place to document their policies and train their personnel to support these products and services in order to exist in this marketplace. Banker’s Academy has created a program to address these vital needs with Consulting, Documentation and Training.
To find out how Islamic Banking Compliance Program can meet your training needs click here. Or call us at 888 433 2666 or +1 212 631 9400.
Benefits to Your Bottom Line
In order for Islamic Banks to be competitive with conventional banks and attractive to customers, Islamic financial products must meet the risk/reward profiles of depositors, investors and issuers, while at the same time following the laws of Sharia. Additionally, Islamic Banks must educate their personnel to understand the tenets of Islamic law that pertain to banking.
Consulting
When you choose Banker’s Academy, you’ll receive advisory services on:
- Establishing an Islamic Council – Every Islamic Bank needs a board to rule on ethical banking principals.
- Products and Services – What can you sell and how can you turn a profit?
- Marketing – How do you reach your target customers?
- Compliance – How can the bank be compliant with both banking regulations and the laws of Sharia?
- Policies and Procedures – What new rules will need to be put in place to ensure that your customers are getting what they need?
- Training – How can you teach your personnel complex regulations, products and services?
Documenting
Policies and procedures can’t work effectively unless they can be quickly and easily referenced. Banker’s Academy can give you documentation that your employees can quickly review to get answers to their questions. Our online documentation systems combine rapid searching, on-demand printing and cross-referencing of screens, forms and reports with a glossary of key terms and easy workflow-based navigation.
Training
No financial institution, whether Islamic or conventional, can operate efficiently without proper training. Islamic Banking introduces additional training needs in Compliance and in Products and Services for Front Line Staff. Banker’s Academy’s training program can be delivered in the classroom, lead by our instructors or yours, as an eLearning course for self-paced instruction over the internet, or as a blended curriculum of both. You can provide testing, tracking, reports and certification for each employee with Learning Link®, Edcomm’s full-featured learning management system.
Who Is This Program For?
Whether you are a conventional bank opening an Islamic Banking division, a newly established Islamic Bank, or an existing Islamic Bank needing to better document policies and train your people, Banker’s Academy can help.
“Banker’s Academy’s training program had an immediate impact on our bottom line productivity and efficiency. It has laid a great foundation for us to build upon. The course content and delivery was excellent and it couldn’t have been more applicable to our business and culture. As a bank, we would like to do more Banker’s Academy training programs.”
Venkat Menon
General Manager of Operations
Burgan Bank
