Qatar Finance and Business Academy Launches KAFA A

Qatar Finance and Business Academy launched KAFA’A, a championing Training & Competency framework and initiative aimed at elevating and advancing Qatar’s financial services sector during a ceremony held in the presence of HE Ali Shareef Al Emadi, the Minister of Finance.
The event gathered a number of attendees including top-ranking government officials, authorities, regulators, industry professionals and media outlets to showcase its vision, mission, strategy, achievements and future course of action.
In a mandate by Qatar’s Financial Markets Development Committee (FMDC) to QFBA, KAFA’A was officially started by Qatar Finance and Business Academy (QFBA) in March 2013, with a chief mission to evolve the capabilities and knowledge of industry professionals, defragment targeted training and Continuous Professional Development (CPD) programs across Qatar’s financial institutions, and standardize qualification and competency benchmarks to match world-class standards.
CEO at QFBA, Dr. Abdulaziz Al Horr, said: “In the last five years, Qatar has been thrust into the international spotlight, led by a slew of mega developments and infrastructural projects that are ushering it into its next wave of transformational growth. It is a future that has been very clearly and focally imagined by the Qatar National Vision 2030, driven by economic diversification into mainstay and emerging growth sectors. Qatar’s financial sector has long anchored its economic growth, backed by robust longstanding, local financial institutions and global powerhouse names. But for it to continue its growth trajectory into more advanced and developed market levels, it must rise to world-class benchmarks and stature of competency, compliance and regulation.” He added: “The establishment of KAFA’A embodies this very mission, pioneering an industry model with structure, depth and breadth, and bringing under its umbrella all stakeholders and ecosystem shapers in Qatar’s financial sector; a collaborative, knowledge-based, platform that follows through the future evolution of the sector’s key driving forces – conventional and Islamic banking, insurance and capital markets – by bridging gaps between educational and career advancement, job market gaps and competency development, and private and public sector policy and decision makers. ” Today, More than yearlong cooperative effort between QFBA, industry professionals, entities, institutions and regulators has materialized in a full-force launch for KAFA’A. Backed by your unwavering commitment to and support of our mission, we look forward to unlocking the wealth of opportunities for transforming Qatar’s financial sector into a regional powerhouse and putting it on the international map.”