Qatar Islamic Bank (QIB), the largest private bank in Qatar, has announced the successful conclusion of its innovative financial literacy program ‘How Money Works?’ for the first semester of the 2020/2021 academic year.
Developed by QIB in collaboration with INJAZ Qatar, the program graduated 515 secondary school and university students from more than 70 institutions in Qatar. This semester, the program was held in three sessions with record attendance seen across the program. The number of students who benefitted from the program since launched in 2018 has reached over 1300.
For the first time since its launch in 2018, the program was carried out exclusively digitally, utilising new teaching methods, and guaranteeing more flexibility and easier access for all students.
Tutored by QIB volunteers Louai Ayad, Hani Ali and Ahmed Aizeldin, the sessions were held virtually in September and October 2020. All sessions were tailored to introduce secondary and first year university students to best practices related to earning money, budgeting, expenditure planning, saving and investment, in addition to banking security standards and personal finance protection.
Commenting on the successful conclusion of the Program’s first semester, Mashaal Abdulaziz Al Derham, Assistant General Manager and Head of Corporate Communications & Quality Assurance at QIB, said: “We are happy to see such unprecedented demand and interest in our innovative financial literacy program".
Mashaal Abdulaziz Al Derham, said "The record number of graduates from this semester reflects our success in attracting students who are eager to know more about how to best manage their money and how to implement the best saving and investment practices in the future. In partnership with INJAZ Qatar, we look forward to kicking off the last semester of the program in February 2021, and to continue contributing to educating future leaders and empowering the youth of Qatar to make informed decisions in their everyday life.”
Kariman Mahmoud, Programs Manager at INJAZ Qatar, added: “INJAZ Qatar is delighted to witness such a successful conclusion of our highly valuable program in association with QIB. ‘How Money Works?’ was one our most successful initiatives this semester, and we were proud to offer useful advice to more than 500 students. I would like to sincerely thank the QIB volunteers for working along with the INJAZ Qatar team to deliver another successful edition of ‘How Money Works?, and we look forward to welcoming new students from across Qatar to the program next semester.”
Launched in 2018 by QIB in collaboration with INJAZ Qatar, ‘How Money Works?’ is a three-year innovative financial literacy program reflecting QIB’s core social responsibility values, and the bank’s commitment to educating the young generation in Qatar on elementary notions and practices related to finance and business.
