MBA project Essay Example | Topics and Well Written Essays - 2500 words

MBA project - Essay Example The study is made on secondary data. Qualitative analysis of the information collected leads to the inference that the bank has excellent human resource practices which is guided by a deliberate overlapping of the business initiatives with the employee training needs for the organizations. Recommendations have been made on the basis of this study. These are aimed at improving the bank’s performance in the future. ... This sector is regulated by â€Å"the Sharia law of Fiqh al-Muamalat (rules of transactions)† (â€Å"Islamic Banking Trends - the Future of Arab Banking†). Employee training and development plays an important role in the banking sector in all the gulf countries. Level of involvement of the employees depend on two most important factors; personal characteristics of the employee as well as the culture in the organization. Training and development of the employees of the banks in the Saudi Arabia takes into account factors such as education and age of the employees and the rank held by them in the organization, tenure in the organizational and the pay received by them (AlKahtani 67-78). 1.1 Background Global The Al Rajhi bank is not only a big financial institution in the Saudi Arabia; it is the biggest Islamic bank in the whole world. It has significant influence in the country’s trade and commerce with the rest of the world. Hence, human resource of the bank casts notable impact on the business sphere at the global level. Continental The gulf region is closely knitted with the banks whose business practices are guided by the Islamic culture and religious beliefs. These banks are a part of the financial system of Saudi Arabia and have majorly contributed to the entire continent of Asia. Indeed, performance of these banks is currently considered as the measure of the economic health of the gulf region and also of Asia (Al-Dukheil 56). According to Al-Dukheil, the private sector is becoming increasingly important in the financial sector and contribution of these banks is set to increase further. National There is high Islamic awareness in the Kingdom of Saudi Arabia (At-Twaijri 11-16). This creates barriers for the organizations in adopting a generalist employee