"Growth" 32 participants were trained on financial planning and Islamic investment
Sharjah, June 25 / WAM / The Nama Foundation for the Advancement of Women developed the knowledge and skills of 32 participants during the second edition of the “Financial Literacy in Investment” program – the advanced stage, which it organized in cooperation with the Emirates Financial Institute and with the participation of the Sharjah Islamic Bank, National Bonds, Baytcom Company, and Alef Group.
The program extended over three weeks, combining interactive training, practical applications, and individual guidance, allowing the participants to apply financial and investment concepts to realistic decisions related to their goals and needs.
The Foundation provided the participants with a practical approach to understanding their financial situations, setting their goals, comparing investment tools, and making decisions that take into account returns, risks, liquidity, and time duration, as the training was based on interactive sessions.
Maryam Al Hammadi, Director General of the Nama Foundation for the Advancement of Women, said: The diversity of the program’s axes allowed the participants to look at investment from a broader and more realistic angle, as it linked daily money management with understanding investment tools, learning about digital platforms, understanding options compatible with Islamic finance, and planning for the future. This integrated picture helps women understand their financial options more clearly, compare the alternatives available to them, and choose the path that suits their goals, circumstances, and ability to continue.
The program moved from managing personal resources to introducing the most prominent investment tools, including deposits, savings accounts, bonds, instruments, stocks, mutual funds, exchange-traded funds, and the safest real estate options for investment. The training focused on how to achieve returns from these tools, the levels of risks and liquidity associated with them, the importance of portfolio diversification, and how trading fees and commissions affect long-term profits.
He also discussed the principles of Islamic finance and the basic differences between it and traditional finance, and introduced the participations to the formulas of Murabaha, Mudaraba and Musharaka and how returns in Islamic finance are linked to trade, leasing, or assets and real economic activity that depends on the principle of work.
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