Emirates Institute For Banking And Financial Studies, Al Etihad Credit Bureau Partner To Boost Financial Literacy In UAE

Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, signed a memorandum of understanding (MoU) with Al Etihad Credit Bureau (AECB) to promote financial literacy in the UAE.

Jamal Al Jassmi, General Manager of EIBFS, and Marwan Lutfi, Chief Executive Officer of AECB, inked the agreement at the EIBFS Dubai campus.

The MoU mandates the two parties to launch joint financial education initiatives with the aim of fostering responsible money management habits among consumers in the UAE. EIBFS and AECB are also tasked with co-hosting trainings and thought leadership events to familiarize the finance professionals with the latest developments in the banking industry.

Jamal Al Jassmi said: "In a world of growing economic complexities, we firmly believe that financial literacy is a core life skill and the key to a well-informed and financially sound society. As such, it is also the subject of an important ongoing conversation in the UAE."

He added: "In line with our commitment to helping bridge the knowledge gap for a more secure financial future, and long-term growth and prosperity, we recognize the crucial need to expand and enhance personal finance education in our country. As part of this priority, we are pleased to partner AECB to provide citizens and residents of the UAE with the necessary knowledge to make prudent financial decisions."

Marwan Lutfi said: "We are proud to join forces with EIBFS to contribute to improving the financial well-being of the UAE population – a core area of focus for AECB. The collaboration aligns with our wider objectives of promoting financial knowledge and boosting financial inclusion in the country."

EIBFS has been at the forefront of offering advanced financial education and capacity-building through its comprehensive training courses and learning experiences in the field of finance and banking. The institute has partnered with specialist training and technology solutions providers in the USA and Europe to equip finance professionals with the latest expertise.