Emirates Institute for Banking and Financial Studies, Tanfeeth Host Financial Well-being Webinar
Dubai-UAE:31March 2021– Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, today hosted a webinarin collaboration with Tanfeeth, the first large-scale shared services organization in the GCC region and part of Emirates NBD.The workshop aimed to educateyoung adults to cope with unexpected lifestyle changes by taking control of their personal finances.
Drawing the participation of approximately 40EIBFS students, the session was delivered in three informative modules, andenabled students to develop a deep understandingof financial concepts and the budgeting processin order to make better informed decisions in achieving financial wellness. In addition, the session highlighted the importance of making SMART goals when planning and saving.
Several research studies conducted around the world have revealed the imperative need for increased financial literacy in young adults. A worrying global trend suggests that young adults have a higher tendency to overspend and default on payments, which may beattributed to low financial skills and discipline.
Speaking on the webinar, Jamal Al Jassmi, General Manager of EIBFS, said: “Financial education is a core objective forEIBFS and we take our role of educating and empowering our students to better manage their personal finance and improve their overall lifestyle very seriously. We are proud to partner with Tanfeeth to ensure that the UAE’s youth benefit from a strong financial foundation to help them navigate their journeys with greater confidence as they maximize their potential.”
For her part, Fatima Abdulrahman, Chief Human Resources Officer of Tanfeeth said: “Over the years, Tanfeeth has made a commitment and responsible decision to take a mindful and more active role in our employee wellbeing. We have now learnt the importance of taking a more holistic approach to our employee wellbeing programs and that includes adding financial wellbeing as a new pillar into our overall employee wellbeing strategy. Financial Wellbeing is equally as important as focusing on physical and mental health, as it is a huge factor that can negatively impact our employee’s lives, affect their mental wellbeing and hinder their ability to perform their daily tasks if not managed properly. To this end, our ‘Financial Wellbeing’ workshop is extremely relevant to the times and can help cope with the unexpected lifestyle changes that the COVID-19 pandemic has brought about in people’s lives.”
The Emirates Institute for Banking and Financial Studies (EIBFS) was founded in 1983. As a leading independent training center, it offers world-class education, training and allied services in the critical areas of banking and finance. Based in the UAE, EIBFS currently has three campuses for education and training services located in Sharjah, Abu Dhabi and Dubai. The Institute has made substantial contributions to the careers of thousands of students and working professionals in the financial services sector. EIBFS is also a strong supporter of Emiratization and has launched various initiatives that have greatly helped to promote the careers of Emiratis. All academic programs offered by EIBFS are accredited by the Commission for Academic Accreditation (CAA), Ministry of Higher Education and Scientific Research. Students who have successfully completed these programs have found productive employment at various levels in banks and financial institutions in the UAE and around the world.