MANAMA, BAHRAIN – 2 January 2018 - Ithmaar Group, which includes
Ithmaar Holding and its two wholly-owned subsidiaries, Ithmaar Bank, a
Bahrain-based Islamic retail Bank, and IB Capital, a Bahrain-based Islamic
Investment firm, commissioned the Bahrain Institute of Banking and Finance
(BIBF) to deliver an interactive training course for members of its Board of
Directors.
The course was delivered in two parts: the first part,
focused on IFRS9 regulations, anti-money laundering (AML) and compliance
issues; while the second part, which was delivered by Mirza Baig, the founder
and Chief Executive Officer of CTM360, a cyber-threat management company,
focused on cyber security and the latest Information Technology (IT) trends.
“This training course, which was designed specifically for members
of our Board of Directors, included diverse range of topics which, together,
aim to further reinforce their understanding of IFRS9 regulations, AML and compliance
issues,” said Ithmaar Group Chief Executive
Officer, Ahmed Abdul Rahim. “The
second part of the course focused on cyber security and the latest IT trends in
banking, as well as on the various steps that can be taken to help protect
online services. Cyber security and IT
are both of growing importance as Bahrain, along with the global banking and
finance industry, continues to further develop its online delivery channels,”
he said.
“Such training courses, at all levels within the
group, significantly contribute to our growth, as well as to improving our
performance,” Abdul Rahim said. “To maintain our
competitive advantage, we must keep up
with developments within the banking industry and the subsequent change in
market requirements,” he said.
“Ithmaar has long recognized that continuing human capital development
is an important component in supporting the Group’s successful journey,” said
Abdul Rahim. “Our efforts to strengthening the capabilities of our Board of
Directors and all Group’s members will contribute to our growth and help ensure
continued improvements in our performance,” he said.
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