Emirates Institute of Finance Boosts Emirati Leadership in Banking and Finance

The financial sector in the United Arab Emirates is experiencing a surge of Emirati talent, thanks in large part to the pioneering efforts of the Emirates Institute of Finance (EIF).? This leading institute for banking and finance training is celebrating remarkable achievements in developing a pipeline of future Emirati leaders who are poised to shape the industry's landscape.

Ethraa Programme Delivers Success

The recently launched Ethraa Programme (2022) aims to create 9380 job opportunities for UAE nationals in finance by 2026. In its first year, the program successfully trained 1839 citizens, achieving an impressive 84% success rate across over 20 specializations – exceeding inte

rnational benchmarks.

Standout achievements include 100% success rates in programming and cybersecurity. Two graduates, Sara Alansaari (Sukoon Insurance) and Sara Alsuwaidi (Daman Insurance), were even recognized as regional leaders in insurance.

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Empowering Emirati Talent

EIF's commitment to Emiratization extends beyond the Ethraa Programme. In 2023, they facilitated the employment of 1100 UAE citizens in specialized financial roles. Additionally, over 80 citizens joined the Future-Tech Leaders Programme, and more than 100 participated in the Leadership Programme in collaboration with the University of Oxford.

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Building a Future-Proof Economy

Aligned with the UAE's vision of empowering Emiratis and driving a diversified, knowledge-based economy, EIF aims for a 45% Emiratization rate in banking and 30% in insurance by 2030.

Noura Alblooshi, General Manager of EIF, emphasizes their dedication to this vision: "We see great importance in empowering Emirati youth and providing them with the skills to become competent financial leaders."

EIF's training programs are designed to adapt to the evolving needs of the financial sector, with a focus on financial innovation, technology, and risk management.

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Success Stories

Graduates themselves recognize the program's value. Souad Youssef, an Ethraa Programme graduate now at 花旗 Bank, expresses her gratitude for the program's role in enhancing her core banking and finance skills.

Similar sentiments are echoed by Ali Al Nuaimi Sharjah Islamic Bank who highlights the program's benefits in understanding banking fundamentals and obtaining valuable international certifications.

Saleh Ali Dawoud Dubai Islamic Bank credits the Ethraa Programme as a turning point in his career, providing him with in-depth theoretical and practical knowledge in information security, specifically application security, compliance, and data governance.

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Strategic Partnerships Fuel Growth

Strategic partnerships with over 35 prominent local and international institutions are a key pillar of EIF's success. These collaborations enhance their educational and training capabilities, expanding program offerings to encompass diverse aspects of banking and finance.

Partners include the Ministry of Human Resources and Emiratisation, Department of Finance, leading universities like Harvard and Columbia, and industry experts like Wiley Edge , 美国麻省理工学院 , and Harvard University.

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To Wrap It Up,

The Emirates Institute of Finance's dedication to Emiratization is fostering a generation of skilled and knowledgeable Emirati leaders in banking and finance. Through its innovative programs, strategic partnerships, and focus on future-proof skillsets, EIF is playing a vital role in propelling the UAE's financial sector towards a bright and prosperous future.