MUSCAT, 11 November 2019
Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, has started the third edition of the Little Investor financial literacy programme to train a further 10,000 students in the 2019-20 academic year. The programme, which is being conducted in partnership with the National Centre for Vocational Guidance at the Ministry of Education and Injaz Oman, kicked off the 2019-20 edition recently.
The ‘Little Investor’ programme is a core component of the highly-ambitious Bassamat CSR initiative of Bank Muscat. The four pillars of the Bassamat initiative include programmes to promote financial literacy, sustainable tourism, green environment and enriched lifestyle. The Little Investor programme has succeeded in imparting financial and entrepreneurial skills so far to over 21,000 students through more than 600 workshops held at over 300 schools under the Ministry of Education. The financial literacy sessions were conducted with the help of 210 volunteers from Injaz Oman and 370 teachers across the Sultanate in the last two years.
The Ministry of Education is represented in the ‘Little Investor’ programme by the National Centre for Vocational Guidance. Injaz Oman is a not-for-profit organisation focused on enhancing the skills of the youth for participation in the economy by bridging the gap between knowledge acquired through education and the skills required for the job market. Injaz helps students to develop leadership, entrepreneurial skills, problem-solving abilities, communication and soft skills through a series of workshops conducted by its volunteers.
Students are introduced to business and economics with focus on mathematics, reading and writing skills in the Little Investor programme. The training modules are aligned with the school curriculum and it encourages students to apply creative thinking and social skills to learn financial management. Students are engaged in a number of interactive and informative sessions using group-based activities and specific set of educational materials designed specifically for this programme.
Meethaq remains committed to social responsibility initiatives contributing to sustainable development in Oman. At a time when Islamic finance is consolidating its role in supporting economic and social development, Meethaq reckons sustainable social development as a great opportunity to complement the country’s progress and development. Meethaq has adopted the best practices in Islamic banking and finance worldwide to combine a robust model which protects customers and complements the Islamic banking industry.