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The Peninsula, 19 May 2013
BY Mohammed Shoeb

Qatar Finance and Business Academy (QFBA), training arm of Qatar Financial Centre (QFC) Authority in partnership with Qatar Foundation, recently unveiled a financial training programme ‘Kawader’ dedicated to fresh Qatari graduates, as part of its efforts to make the country self-reliant in terms of human resources.

“Kawader is a unique training programme designed by the QFC Authority and QFBA to serve as an incubator for the next generation of business leaders and decision makers in Qatar’s emerging financial services industry,” said CEO of QFBA, Dr Abdulaziz Al Horr, at a media briefing at the QFBA headquarters on Thursday.

QFC Authority has been endeavouring to transform Qatar as a hub of financial services, and under Kawader, (which roughly means Cadres), the most talented and young graduates from business and economics streams will be encouraged and trained to pursue a career in Qatar’s thriving financial sector.

The course, which is scheduled to kick start from July 14, will run for six to seven months, and the training module has been divided into two parts. The first part covers overviews of important topics such as Qatar’s financial services sector, capital markets as well as legal and regulatory frameworks. The second encompasses several introductions on banking, insurance, asset management as well as courses in financial English language, soft skills and corporate social responsibility, plus personal development programme.

“This is a unique and first of its kind Qatari development programme for the financial sector for university graduates. Training and professional certification will be provided on Islamic banking and insurance,” Suad Susan Mansour, Kawader Project Manager told reporters on the sidelines of the event.  

According to Mansour the training, with all expenses covered by QFC Authority, will be provided by internationally recognised professionals and industry leaders including those from the Chartered Institute of Bankers (CIB) Chartered Insurance Institute (CII) and International Certificate in Financial English (ICFE).

QFBA, the country’s top financial services training provider, anticipates that the programme will motivate and empower talented students, providing them with a world-class education for careers in the financial sector.

Asked about the selection procedure, she said: “We are looking at minimum criteria of 2.8GPA with TOEFL scores as well. But given the quality of applicants we have received (with 3.5GPA and above) so far, even 2.8 seems to be little be too low. So applicant’s commitment and passion for the programme will also be an important factor for selection,” she said.

Only 15 candidates will be selected for this competitive programme based on specific entrance prerequisites including their GPA, English proficiency and by passing a personal interview. There is also an ongoing joint effort between QFBA, the Higher Education Institute and the Ministry of Labour to attract fresh graduates and scholarship students from abroad.

“Our objective is to encourage young Qataris to engage in the financial sector with the aim being qualitative Qatarisation. The programme provides hands-on experience from international best practices,” said Dr Al Horr.

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