In today’s rapidly evolving economic landscape, the need for financial literacy has never been more critical. To help individuals navigate these challenges and make informed, sustainable financial decisions, Alinma Bank is proud to introduce the Financial Awareness and Trust Program as part of our sustainability and CSR program "AMAD". This program reflects our deep commitment to social responsibility and our dedication to empowering the community.
The Financial Awareness and Trust Program is designed to enhance financial literacy across all segments of Saudi society. By offering a comprehensive understanding of personal wealth management and effective investment strategies, we aim to foster sustainable community growth and instill financial confidence. Participants will gain insights into managing personal finances and understanding the risks and opportunities associated with different investment options.
In collaboration with BALINCA, a leader in finance and business training, the program utilizes an experiential, interactive approach. This method effectively bridges the gap between theory and practice, ensuring participants gain practical, actionable knowledge.
Program Initiatives:
“Financial Acumen for Students and Entrepreneurs" Program
Amid growing economic challenges and the importance of cultivating a financially savvy generation, we believe that empowering young people and university students with financial knowledge is a vital step toward achieving economic and social sustainability in Saudi Arabia.
This program is delivered through 8 one-day training sessions via an innovative workshop that uses simulation techniques, equivalent to a three-day training course in finance for non-specialists. The program is designed for students and entrepreneurs with a basic understanding of financial management, aiming to teach them how to comprehend and manage the financial aspects of businesses.
Target Audience: 160 students/entrepreneurs
Objectives:
- Gain a comprehensive understanding of budgets, income statements, and cash flow.
- Link financial strategy to business performance.
- Enhance knowledge of key financial indicators.
- Improve the ability to assess the financial health of any company.
“Financial Habits for Women" Program
In recognition of the vital role Saudi women play in building society and strengthening the national economy, this program aims to empower women to manage their wealth and build sustainable financial security, contributing to the goals of Saudi Vision 2030.
The program consists of 5 one-day training sessions held across various cities in the Kingdom, targeting up to 50 participants per session. It is designed for working women who aspire to achieve financial independence and learn the best practices for growing their wealth, including saving and investing.
Target Audience: 250 women
Objectives:
- Set smart financial goals and understand the steps to achieve them.
- Create a personal budget and income statement.
- Learn seven habits for sustainable financial living.
- Develop an action plan to start building wealth today.
- Understand the basics of investing and the risks associated with each type.
“Financial Intelligence from an Early Age" Program
Building strong financial foundations begins in childhood, and the role of parents is crucial in this process. This program is designed to empower parents with the skills to teach their children essential financial habits, fostering financial awareness from a young age. Together, we aim to shape future generations that can make informed and sustainable financial decisions.
The program includes 3 workshops (one day per workshop), each targeting 100 parents. These sessions are conducted by experts in financial education and family relationships. The program aims to equip parents with the knowledge to enhance their children's financial awareness and develop sustainable financial skills, ensuring a secure financial future and financially independent children.
Target Audience: 300 parents of children aged 7 to 15 years
Objectives:
- Strengthen the bonds between parents and children.
- Increase personal financial awareness.
- Teach practical methods for educating children about money.
- Provide healthy models for money management.
- Instill essential financial skills in children.