May 23 2012
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BankMuscat extends IATA training for 40 Omani youth
The initiative comes under 'Jesr al Mustaqbal' (Bridge to Future) integrated CSR programme launched by BankMuscat to provide scholarships and training for Omani youth from low-income families in line with the directives of His Majesty to enable Omani youth to be equipped with employable skills to take up their rightful positions in society. The Bank has allocated 20 per cent of its CSR budget for 'Jesr al Mustaqbal' programme.
Manasik al Moosawi from CSR Department, said: "Jesr al Mustaqbal scholarship programme is aimed at helping young Omanis to receive proper education and vocational training that will enable them to develop employable skills and improve their living standards, social and economic status. This will also encourage them to positively participate in the service of society and development of the country."
Robert MacLean, Principal of NHI , said: "We are delighted to partner with BankMuscat to provide training and employment opportunities to Omani youth under the Bank's CSR initiative. The education of youth is the heart of sustainable Omanisation. Consequently, NHI 's education programmes focus on internationally recognised accreditation such as the IATA/UFTAA Foundation Diploma. Our main goal is for Omanis to attain essential life skills by strengthening community involvement in education and fostering learning through sponsorship with esteemed organisations like BankMuscat ."
The study programmes are limited to diploma in Banking, Accounting, Finance or Information Technology, the duration of which will not exceed three and a half years.In the second category, unemployed youth from low-income families who have not completed high school will be sponsored for vocational training. For eligibility, the family of students should be recipients of social welfare and/or from the low income category as defined by the Ministry of Social Development.
Manasik added: " BankMuscat is committed to its corporate social responsibility and thereby contribute towards sustainable development by working closely with local communities with the aim of improving living standards in a manner that serves the national economy and development process at the same time. The scholarship programme will help students from weaker sections of society to acquire employable skills, guaranteeing economic independence to them."
BankMuscat is the first Omani bank to establish a full-fledged CSR department. Considered among core values, the CSR policy stems from the Bank's strong belief in the importance of social responsibility. It reflects the Bank's concern and care for various segments of society. The Bank is of the view that its social responsibility is not merely participation in charitable works and organisation of voluntary campaigns, but responsibility towards all-round development of society.
BankMuscat focuses on all types of projects that fall within the framework of social responsibility and their importance and overall benefit both to society and individuals. The prime consideration includes the benefit reaching the largest number of individuals; the youth and job-seekers and provision of opportunities for the development of skills/human capital. Efforts are also targeted at individuals with special needs to enhance their capabilities with the aim of integrating them into mainstream society.
© Oman Daily Observer 2012
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