#Financial Integrity #Yemen #IFI #Al-Qutaibi Bank #Sana'a

Al-Qutaibi Islamic Bank Implements Compliance Training with IFI

In a significant move towards enhancing its compliance protocols, Al-Qutaibi Islamic Bank has partnered with the Institute for Financial Integrity (IFI) to launch a comprehensive Financial Integrity and Cross-Border Payments Training Program. This initiative is geared towards strengthening the bank's operational standards and improving its financial crime risk management practices, crucial for the stability of Yemen's financial system.

Commitment to Financial Integrity

The partnership was officially announced on February 24, 2026, highlighting Al-Qutaibi Islamic Bank's commitment to upholding high standards of financial integrity. Bassel Alkely, the Head of Compliance Management at the bank, emphasized the importance of this program in equipping the bank's staff with both knowledge and practical tools. “This program provides our team with the knowledge and practical guidance necessary to uphold the highest standards of financial integrity,” Alkely stated.

This initiative will not only bolster the bank's internal compliance frameworks but also signal its unwavering commitment to operational transparency and safeguarding clients against potential financial risks.

Innovative Training Methods

The multi-year training program will utilize a blend of online resources and live interactive sessions, enabling staff to engage deeply with the content. Key features of the training include:

• - Arabized eLearning Materials: Staff members will have access to an extensive Arabic eLearning library featuring over eight hours of expert-led videos focused on essential Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) topics.
• - Interactive Live Training Sessions: Conducted by subject matter experts from IFI and K2 Integrity, these sessions will use real-world case studies to illustrate compliance concepts effectively.
• - Comprehensive Support Tools: Through the DOLFIN platform developed by IFI, employees will have ongoing access to tools and resources that will assist them in implementing best practices in their daily operations.

A Step Towards Safer Banking Practices

The enthusiasm surrounding this program is palpable among stakeholders. Grant Kreft, CEO of IFI, expressed pride in collaborating with Al-Qutaibi Islamic Bank, stating, “Al Qutaibi Islamic Bank's dedication to strengthening its compliance and risk management education demonstrates a clear commitment to financial integrity.”

Notably, this training initiative is expected to create a more secure and responsible banking environment in Yemen. By prioritizing compliance education, Al-Qutaibi Islamic Bank aims to enhance financial inclusion and support economic development within the region through its Sharia-compliant financial services.

About the Institute for Financial Integrity

The Institute for Financial Integrity is focused on empowering financial institutions to combat illicit financial practices. They offer a range of training options through both in-person and online platforms, equipping stakeholders with the ability to navigate complex compliance landscapes effectively. More information can be found on their website, finintegrity.org.

About Al-Qutaibi Islamic Bank

Based in Yemen, Al-Qutaibi Islamic Bank is a licensed microfinance institution offering Sharia-compliant services such as microfinance, retail banking, corporate accounts, international transfers, and digital banking solutions. The bank is committed to improving financial access and fostering economic growth through secure banking methodologies.

For more details, visit their official site at qtbbank.com.