Doha, Qatar - May 8, 2011: Qatar Islamic Bank (QIB) recently hosted a group of Grade 9 students from Hamza Bin Abd Al Matlab Independent Elementary School at its Al Fanar branch. The schoolboys' visit was part of an ongoing programme of networking between local schools and high-achieving local corporations. In this case, the visit was designed to inform students about the practicalities of Islamic banking and financial services.
QIB was represented by Hussein Khalifa, Senior Auditor from the Bank's auditing department and he presented a detailed theoretical and practical explanation for the students, demonstrating the differences between Islamic Banking procedures and those employed in Conventional Banking. Namely, the differing procedures and the different forms of risks, in addition to the rules of Halal selling, as a basis in Islamic financial procedures according to what is stipulated in the Quran. The pupils' visit also involved an introduction to the practical processes of Islamic Banking through an explanation on financial transactions and the nature of work in the Bank's different departments.
The students were accompanied by one of the school's teaching staff, Professor Emad Taleb Al Shayeb. At the conclusion of the visit, Al Shayeb, a mathematics teacher, expressed his gratitude to QIB for hosting the students. "The school, myself and the students are most grateful to QIB for facilitating this important visit. Coming here today has enabled our pupils to experience the practical side of Islamic Banking," he said.
"This kind of initiative is a fantastic way to introduce youngsters to vocational concerns as well as making them aware of the Islamic concepts, principles and disciplines governing selling and buying procedures and how Islamic Banking can be made to be profitable and rewarding while maintaining an ethical approach."
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© Press Release 2011
