Bahrain-based Al Baraka Islamic Bank, ABIB) organized in cooperation with Bank Muscat, the leading financial institution in the Sultanate of Oman, a training programme for five days for a number of the Bank Muscat’s employees working in the “Meethak” for Islamic banking, the first Islamic window in the Sultanate.
The programme included field training in a number of the Al Baraka Bank’s departments in order to identify how the Islamic banks work in general. The program included also intensive practical training about the products and services of Islamic banking and their mechanisms and applications and how to distinguish them from products and services of traditional banking.
The organization of this training programme was a part of the fruitful cooperation between Al Baraka Islamic Bank and Bank Muscat, in the field of development of human resource and implementation of training programs and courses that contribute to enhancing the skills and knowledge of employees in Islamic banking, which Sultanate of Oman began to apply starting from the end of 2011 through allowing for the establishment of Islamic banks and windows to provide banking services and facilities that comply with Islamic law and introduce new options for the Omani banking market.
“We are proud to organize an intensive training course for a number of employees working in “Meethak” “for Islamic banking of Bank Muscat, especially as the Sultanate of Oman has recently begun to enter into Islamic banking, Mohamed Isa Al Mataweh Board Member and Chief Executive Officer of Al Baraka Islamic Bank said.
“Creating efficient human resource who are aware of the nature, components and mechanisms of Islamic banking is the most prominent prerequisite for success in this experience, and Al Baraka Islamic Bank, which owns long experience in this field, has permanent willingness to provide help and advice for Omani banks to successfully entering Islamic banking experience,” he added.