Essay on Kuwait International Bank

Kuwait International Bank is known as the Islamic bank, which is located in the well-known city of the Kuwait and several other cities of the Kuwait and it is founded on the 1973. This bank is involved in the offering the financial services for the individuals of the Kuwait as well as the corporate customers. KAB is providing the fi9nicial services according to the Islamic rules and regulations. It is one of the specialized banks whichare regulated by the central bank of Kuwait. This bank is also listed on the Kuwait stock exchange.This bank has started to follows the rules of the Islamic Sharia from the 2007 and it is also known as the public quoted company. The business of the KIB’s covers the services of the all banking. It includes direct investment, acceptance of deposits, Murabah, financing transaction and Ijra Muntahia Bittamleek, Tawruk and Istisna’a.  The network of the KIB has been spread across the States of the Kuwait and it contain on the 23 branches.

The core values of the KIB are the;

·         The integrity of the professionals for eth interactions of the customers.

·         Adherence for the regulatory compliance

Work Environment analysis of the Kuwait International Bank

In the first week of the I have worked in the two department of the KIB which are the human resource department and assurance department. But the experience of the HR department is much better than the assurance department. Because in this department at initial level during my trading I have learned about how the candidates are hired for the banking sectorsbeforeit all I knew about recruiting and selection process was limited to books butt now I have found it implementation in the field. At this position my job descriptions are to call out the shortlisted candidates as well as schedule exams for interviewee. After that I have conducted interviews from all of the candidates who have passed their interviews exam. I have met to the candidates for providing them information related to the selection process.

I have also worked with the insurance unit and I have learnt lot of things about the link among theInsurance Company and banks. I have also learn lot of things about the Insurance for the bank properties, loan insurance and in this department I have also learnt about the CRFO loan insurance.  By working in banks I have go to know that the baking sectors are providing the benefits of insurance to their staff and theirfamily. I want to suggest to the baking sectors that they must be improve their system of the LGL, LOC and LOG.

Evaluation of the Field training experience of Kuwait International Bank

 Field training supported me to learn new knowledge about the real work environment in the banking sector. As a result of this training, my knowledge is increased about the administration style and particularly HR management. Now my understanding of penalty policies, motivational strategies, overtime policies, and employee’s compensation are better than the previous understanding (before going to field training). Now I can understand things in a better way. thus I can say that field training increased my self-confidence level and now I feel myself able to deal with the managerial problems, individuals, and daily work responsibilities in any kind of workplace including and excluding banking sector. During this field training my previously learned courses also provided advantages to me in learning new knowledge. For instance, the Human Resources Management course supported me in understanding the role and duties of the HR manager. Because of this course, I was already familiar with the key duties of HR managers, therefore, I faced very minor difficulty in getting the adjustment in the HR department. Furthermore, management course also benefited in understanding the organizational structure and hierarchy of control during field training. At the beginning of the field training, I faced challenges related to formal communication style. Somehow, I tackled the situation and practices formal communication thus I overcame on the situation.