Habib Bank Partners with Ethica for Islamic Finance Training and Certification


Habib Bank Partners with Ethica for Islamic Finance Training and Certification

Dubai, UAE, Mar 20, 2018

Habib Bank Limited (HBL), Pakistan’s largest private bank, today announced the completion of a third batch of bankers trained and certified by Ethica Institute of Islamic Finance, the Dubai-based institute behind the award-winning Certified Islamic Finance Executive (CIFE) program.

“HBL’s collaboration with Ethica marks a major milestone in our continued expansion into Islamic banking. Ethica combines unparalleled excellence in training and certification with seamless online delivery to give our bankers practical training and globally recognized certification,” said Syed Zafar Alam Tirmizi, Asset Business Head of Islamic Banking at HBL. HBL’s many industry awards include "Bank of the Year in Pakistan" (The Banker), "Best Domestic Bank – Pakistan" (Asiamoney), and "Best Retail Bank in Pakistan" (Asian Banker).

Ethica’s spokesperson said, “We specialize in helping conventional banks transition their staff to Islamic banking. Our e-learning specifically targets a general audience: we use practical examples and familiar terminology, and we focus on addressing the concerns of those new to Islamic banking. The training lasts the whole year, so learners repeatedly exercise their abilities.”

HBL received year-round, 100% online access to Ethica's CIFE program along with a back-end dashboard allowing managers to monitor learner progress each week. Hand-framed CIFE certificates were provided to all HBL staff passing the CIFE exam.

Ethica Institute of Islamic Finance has trained over 15,000 paying professionals in 160 financial institutions across 65 countries, winning numerous industry awards, including "Best Research and Education Company" presented by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister of the UAE and Ruler of Dubai at the Global Islamic Economy Summit (Dubai), "Best Islamic Finance Qualification" from Global Islamic Finance Awards (UK), and "Islamic Finance Education Provider of the Year" from Global Banking and Finance Awards (UK).

The 4-month Certified Islamic Finance Executive (CIFE) is a globally recognized certificate accredited to comply with AAOIFI, the world's leading Islamic finance standard. Ethica also offers two advanced certificates in Financial Analysis and Accounting.


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