The Qatar Finance Business and Academy (QFBA) is collaborating with leading and established insurance and takaful institutions under Kafa’a, its training and competency (T&C) framework, which offers programmes and conferences targeted at bridging training and educational gaps for the sector’s workforce.
QFBA CEO Dr Abdulaziz al-Horr said: “The Kafa’a project is designed and is continuously honed to actively tackle a broad knowledge-based gap that is stifling the potential of the insurance and takaful arenas in Qatar – even more so at a time when both are attracting a widening swath of specialisations, as well as talents and institutions.
“To this end, the project is guided by a focused vision to raise the competency standards and skill sets of sector professionals in Qatar to meet international, competitive benchmarks, as well as to set up an integrated, holistic framework at the service of rehabilitation, training, and evaluation stage built on world-class best practices and standards.”
The Kafa’a project will be actively tackling demand and supply of training, limited access to facilities, lack of consistency in defining competency, and a highly fragmented structure for continuing professional development within Qatar’s financial industry.
Dr Al-Horr said Kafa’a will work closely with major financial and banking institutions in Qatar under the supervision of the Qatar Central Bank, Qatar Financial Market Authority, and Qatar Financial Centre Regulatory Authority to provide advanced training services that promote a knowledge-based sharing economy, networking opportunities, mutual skills, and principle exchange.
He said the collaboration aims to develop technical, management, and leadership capabilities of sector professionals while building an inter-connected network of experts, whose expertise and experience will pour into Kafa’a’s curriculums and programmes.