As digital technologies invade modern life, classroom learning is increasingly shifting towards smart learning. This phenomenon is taking place both in the academic as well as in the professional learning space. Many organizations use digital technology to enable learners to build their capabilities, more efficiently and effectively. From start-up businesses to giant techs like Microsoft, eLearning offers users the ability to acquire a large amount of knowledge and skills at a reasonable cost. However, can the same be said about Islamic financial institutions?
A growing number of organizations in the Islamic finance sector are becoming aware of the importance of the fourth industrial revolution and how it will impact this industry. When it comes to knowledge and skill not much has been said in terms of using technology for training and talent development in Islamic finance. We believe that sooner or later the traditional method of face-to-face trainings will disappear and will be replaced by modern digital technology. Such change will someday inevitably encompass the industry of Islamic finance as well.
There are typically two aspects considered by organizations that want to integrate online learning for their employees: a learning management system known as LMS and the content itself.
THE LEARNING MANAGEMENT SYSTEM (LMS)
Ann Schulte, Chief Learning Officer at Procter & Gamble contends that the “fast learner wins”. The ability of employees to learn new skills or develop their knowledge daily at a fast rate to keep up with the changes in the market is essential. And this is definitely not possible with face-to-face trainings alone. There are many LMS’s in the market, which are developed to support online learning. However, how many of those also allow the ‘fast learner to win’?
Our experts at Carrera Learning have noticed the need for a ‘faster’ learning experience in the competitive world of market. That is why Carrera Learning has designed an LMS that supports both teaching and learning experience. We believe that the LMS developed by Carrera Learning revolutionizes the way Islamic finance trainings are delivered by offering user-specific customization for organizations. For instance, trainings can be turned into weekly deliverables or can also be set up so that employees need to achieve a certain score before they can move to the next module.
People waste a lot of time on social media, and this is why with Carrera learning, we choose to enable users to learn and socialize at the same time. Employees from the same organization can share content and ideas as well as chat to each other via the platform. This creates a single communication channel for learning within an organization.
According to Elisabetta Galli, from Bank Santander, “Employees use social media and search in their spare time to satisfy their curiosity, right when they need it. It should be exactly the same at work. We must create corporate learning experiences to match consumer-grade experiences. This is our vision: to create a learning-in-the-flow-of-work ecosystem and become a learning organization, whose workforce is up-skilled in real-time.”
SO HOW CAN ORGANIZATIONS ENSURE THIS IS REALLY HAPPENING
Our LMS enables management to track the progress of their employees in real-time and support them in the areas where they need the most help. They can also assign them to specific training programmes. Our platform comes with an online chat with qualified Islamic finance professionals, allowing learners to ask questions at any time.
“We believe that sooner or later the traditional method of face-to-face trainings will disappear and will be replaced by modern digital technology.”
Carrera Learning already covers trainings on various topics related to Islamic banking and finance ranging from Islamic Retail Banking, Takaful, and Islamic Capital Markets.
Carrera Learning is mobile friendly with a simple interface to help anyone who wishes to learn on the go, given it is entirely online. The courses are flexible and can be modified to accommodate the pace of the learner or the pace required by the employer. We can also incorporate game-like elements in their learning experience. Studies show that games embedded in a learning experience tend to enhance the performance of the users as well as their engagement level.
“We expect to roll out our first Arabic content by June 2019.”
THE CONTENT
The way the trainings are provided is in line with many Islamic financial institutions that are looking to efficiently train their staff. The interactive videos are easy to follow. The structure of each training is usually designed to define a concept, followed by an example and then a practice question to ensure content absorption. At the end of each video, there is a short one-page summary with the key takeaways. All the modules are bite-size, between 15 to 30 minutes long.
Additionally, Carrera Learning will be introducing a feature that fully translates all content into Arabic language to cater to the needs of its users residing in the Middle East. We expect to roll out our first Arabic content by June 2019.
FOR ISLAMIC FINANCE PROFESSIONALS
Carrera Learning calls on Islamic finance experts and Sharia scholars to join hands in assisting in developing talent in Islamic finance. Carrera Learning is open for anyone to add content and get paid for it. We believe this will enable us to capture good content that is still being delivered in the traditional way.
Carrera Learning is a breakthrough platform that manages to truly replace and reform the entire training experience.
For both large and small organizations, Carrera Learning is the ideal way going forward for an effective training experience. It is user-friendly, cost-effective and scalable.
In an endeavour to nurture and bring forth new talent & development in Islamic finance, we offer a handful of free, accessible modules for our new customers wishing to learn more about Islamic finance.
