Abu dhabi: The Federal Youth Authority (FYA), in collaboration with the Central Bank of the UAE and the Securities and Commodities Authority (SCA), has announced the launch of the 'Youth Financial Advisors Programme,' aimed at equipping Emirati youth with expertise in financial literacy. This initiative seeks to empower participants to deliver effective financial education, improve decision-making, encourage saving and investing, and leverage opportunities in the UAE market.
According to Emirates News Agency, the programme is part of the 'Economy' pillar of the National Youth Agenda 2031 and the Emirates Youth Professional School initiative. It aims to foster financial awareness and independence among young Emiratis, encouraging research and adoption of best practices in financial advisory. Additionally, it seeks to prepare a new generation of youth financial advisors who can serve as role models in personal finance while creating promising career paths aligned with the aspirations of young people in the labor market.
Dr. Sultan bin Saif Al Neyadi, UAE Minister of State for Youth Affairs, emphasized the importance of empowering Emirati youth, stating that the wise leadership of the UAE prioritizes equipping them with necessary values and mindsets to be active community members. He highlighted the role of financial literacy in the national strategy, noting that enhancing participants' knowledge and capabilities is crucial for managing personal finances and contributing to sustainable economic growth.
Khaled Mohamed Balama, Governor of the Central Bank of the UAE, asserted the Central Bank's commitment to promoting financial inclusion and literacy in the community. He noted that the programme reflects efforts to train young Emirati professionals in various financial fields, supporting the establishment of a knowledge- and innovation-based economy.
Waleed Saeed Al Awadhi, CEO of the Securities and Commodities Authority, expressed delight in collaborating with the FYA on the programme, emphasizing the investment in Emirati youth as a direct investment in the future of the national economy. He stressed the importance of empowering a new generation of financial advisors who can adapt to global trends and offer innovative financial solutions.
The programme is structured around seven core pillars, including financial literacy fundamentals, monetary and financial economics, and entrepreneurial finance. It aims to advance financial knowledge, develop practical skills, and promote a culture of sustainable financial literacy among Emirati youth. Participants will also be equipped to pursue internationally recognized certifications in financial literacy.
Participants will engage in interactive activities, including workshops, site visits, and financial hackathons, over four months. The programme also offers professional training placements, reading and discussion sessions, and mentorship opportunities to guide career decisions in finance.
Eligibility criteria for the programme include being a UAE national aged 25-32, holding a relevant university degree, and demonstrating practical experience in the financial sector. Participants must also possess strong communication and leadership skills and be proficient in Arabic and English.
Upon completion, participants will receive certifications from the FYA, SCA, and Central Bank of the UAE, enhancing their prospects as financial advisors and contributing to spreading financial literacy in the community.
