UBD students visit IBB for related new course
By Dk Suria Rina PHA

IBB officials briefed students during the visit

Universiti Brunei Darussalam has introduced "Introduction to Islamic Banking and Finance" as one of the eight courses contained in the minor programme for Islamic Banking and Finance. A total of twenty-eight students studying in the second year have opted for this programme. Yesterday afternoon, they went for an educational visit to the IBB, headed by Hjh Salma Hj Abdul Latiff, the Head of Department of Management Studies, Faculty of Business, Economics and Policy Studies at UBD.

Abd Razak Bin Ismail from the Public Affairs and Procurement Department of IBB delivered his welcoming remarks to the students.

They had the opportunity to watch IBB's corporate video and also a question-and-answer session with Mr Kenneth Lim King Lian, Manager of the Branch Division and Dahang Bunchuan, Manager of the Financing Department. They were highlighting the IBB products and services.

Part of the course comprises a project that entails an analysis - of the application of theoretical knowledge on Islamic Banking to practical situations.

According to Hjh Salma, the students need to visit local banks to perform their research and present assignments. The assignment exercise contributes to ten per cent of their final examination results.

The areas that are of importance to students are Saving and Current Account, Pawning, ATM and Credit Card, Bank Charges, Corporate and Individual Loans, Investment and Fixed Deposits and Remittances and Foreign Exchanges.

According to Hjh Salma, this exercise has been found to be useful, as students were able to see first-hand the practical banking tools that are applied in an Islamic Bank. It is hoped that the visit would be beneficial in relation to their courses.

The students then had the chance to tour the Financing Department, Operation Division and Main Branch around the IBB.

Courtesy of Borneo Bulletin