Bank Alfalah receives FAA Accreditation for Islamic Banking Certification Program

KARACHI – Nov 21, 2016: The Islamic Banking Certification Program offered by Bank Alfalah Pakistan recently received accreditation from the Finance Accreditation Agency (FAA), Malaysia at the IFN Forum in Lahore. The certificate was presented by Mr. Khairul Nizam, Chief Operating Officer of FAA, to Mr. Rizwan Ata, Group Head Islamic Banking Group of Bank Alfalah, in the presence of Mr. Saeed Ahmad, Deputy Governor of the State Bank of Pakistan.

Accreditation of the Islamic Banking Certification Program brings with it credibility, prestige, recognition and overall program improvement. To achieve this coveted recognition, Bank Alfalah’s program underwent rigorous evaluation by industry panelists locally and abroad. Internationally accepted standards of excellence in areas such as Shariah principles and practices, investment banking and debt capital market were used in the evaluation.

“With our continued focus on creating opportunities to foster talent, FAA will further strengthen the quality of our learning and development program,” said Mr. Atif Bajwa, President & CEO of Bank Alfalah.

Bank Alfalah is the first bank in Pakistan to be awarded the Accreditation status by FAA. “FAA’s independent assessment criteria ensure that only the highest caliber training programs achieve our accreditation,” said Dr. Amat Taap Manshor, Chief Executive Officer of FAA. “We congratulate Bank Alfalah on the high standards of their Islamic Banking Certification Program’s trainers and curriculum,” he added.

At the same event, FAA also presented the Certified Training Professional (CTP) Certificates to three (3) of the Bank Alfalah staff members who had successfully completed the program recently.  The certification gives added assurance that Alfalah’s trainers have acquired a solid foundation in instructional methodologies that will enable them to design, develop and deliver impactful training.

About Bank Alfalah:

Since its inception, Bank Alfalah has grown rapidly to become Pakistan’s fifth largest private bank, the largest issuer and acquirer of credit cards and one of the largest Islamic Banking businesses in the country. The Bank has a network of over 650 branches spanning more than 200 cities with presence in Afghanistan, Bangladesh and Bahrain in addition to a representative office in the UAE. The Bank serves more than 1 million corporate, retail, small business, agricultural, Islamic and asset financing customers.

About Finance Accreditation Agency (FAA):

The Finance Accreditation Agency (FAA) was formed to empower organizations and individuals within the financial services industry with consistency and quality in learning and development through the use of proprietary tools and learning standards. Established in 2012, FAA is an independent quality assurance and accreditation body supported by Bank Negara and the Securities Commission Malaysia, and executed by a committee of technical experts, industry professionals and leading academics from the global financial services industry.