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beardedmrbean · 10 months ago

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It seems a long way from the misery of Gaza's shattered buildings. Situated a short walk from the Golden Horn, an estuary of the Bosphorus in bustling Istanbul, AG Plaza boasts terraces, pools and commercial space, and is designed to attract tech companies that want to benefit from the city's Commerce University campus.

Yet the two places are indeed linked. The glistening project in Turkey's cultural capital was built by a company controlled by what the U.S. Treasury Department describes as "Hamas elements."

The AG Plaza in Istanbul is just one example of how, according to the U.S. Treasury Department, It reveals extensive new links between companies and individuals that the U.S. says are funding Hamas operations.

By examining business records and cross-referencing them with the sanctions lists, Newsweek's investigation shows how Hamas is using some of its key personnel to set up such companies around the Middle East and elsewhere to run its financial empire—often in places where, one expert said, it may find tacit approval for such operations. They include businesses in the United Arab Emirates, Turkey, Algeria, Saudi Arabia and Sudan, and may even reveal how the group is expanding into Western Europe.

It also illustrates that while the unprecedented aerial and ground assault on Gaza, which Israel says is necessary to ensure Hamas' destruction, may paralyze the militant group there, it seems unlikely to stop the flow of funds from abroad.

This task—cutting off Hamas funding at source—appears to have become an urgent priority for the Biden administration, which on January 5 announced it is offering a reward of up to $10 million for information that could dismantle the group's economic foundations.

The Rewards for Justice Program aims to disrupt the broader network that sustains Hamas, including targeting any source of revenue, major donors, financial facilitators and financial institutions that facilitate transactions for the group.

The program also focuses on businesses or investments owned or controlled by Hamas or its financiers, as well as front companies engaged in procuring dual-use technology and criminal schemes that financially benefit the organization.

The program reflects the difficulty of targeting such funding. Hamas' web of interconnected companies, which has also enriched senior Hamas figures to a degree unimaginable for the ordinary people of Gaza, is remarkable in its size and complexity.

Newsweek found that one Yemeni business administrator is the joint owner of Hamas' UAE property company, which owned an office block worth $150 million; is the co-founder of a Hamas-linked, publicly traded Turkish construction company; owns 20 percent of a Hamas front company in Saudi Arabia; and is on the board of another Hamas-linked Sudanese company. Separately, company records show an accountant from the West Bank is central to four major construction and real estate companies in three countries: Turkey, Sudan and Saudi Arabia.

The network appears to be growing. A wealthy Sudanese businessman who had close ties to Osama bin Laden, the late Al-Qaeda leader, and who is described by the U.S. Treasury Department as a "Hamas financier," set up a Hamas-linked company in Spain last December, corporate filings show.

In a press release on May 24, 2022, the U.S. Treasury Department estimated that the Hamas-linked construction empire was worth $500 million in total and said that a publicly traded Turkish company—the same company that developed the AG Plaza in Istanbul—was 75 percent-owned by Hamas-connected members in 2018. It alleged that the same company planned to secret away $15 million in shares for senior Hamas figures that same year.

The U.S. placed companies and executives on its Hamas sanctions list in 2022 and during three rounds of sanctions imposed on Hamas after the October 7 attack on Israel. That attack killed around 1,200 people, and militants took some 250 others hostage, the Associated Press reported. As of January 9, 2024, Israel's air, ground and sea assault in Gaza had killed more than 22,400 people, two-thirds of them women and children, the AP said, citing the Hamas-run Gaza Health Ministry. The offensive has devastated large parts of the Gaza Strip, displaced nearly 85 percent of its population of 2.3 million, and left a quarter of its residents facing starvation, according to the United Nations.

"In addition to the funds Hamas receives from Iran, its global portfolio of investments generates vast sums of revenue through its assets, estimated to be worth hundreds of millions of dollars, with companies operating in Sudan, Algeria, Türkiye, the United Arab Emirates, and other countries," the U.S. Treasury said in a statement when it updated its Hamas sanctions list on October 18, 2023.

"The companies in Hamas' portfolio have operated under the guise of legitimate businesses and their representatives have attempted to conceal Hamas' control over their assets.

"This investment network is directed by the highest levels of Hamas leadership and has allowed Hamas senior officials to live in luxury while ordinary Palestinians in Gaza struggle in harsh living and economic conditions."

The Israeli government also says that construction companies are a vital part of the Hamas finance model and has mirrored the U.S. sanctions list. In an online statement on October 29, the Israeli embassy in the U.S. said that Moussa Abu Marzouk, deputy chair of the Hamas Political Bureau, was worth $3 billion, while senior leaders Khaled Mashal and Ismail Haniyeh were each worth about $4 billion.

The reason that Hamas has turned to property is clear, experts say. Stephen Reimer, a senior research fellow at the U.K.'s Royal United Services Institute, told Newsweek that "building and then selling real estate is a handy way for Hamas to obfuscate its funds."

Reimer, an expert in terrorism financing at RUSI's Center for Financial Crime & Security Studies, said that "financial crime regulation of the construction, property development and real estate industries is fairly weak globally," meaning that Hamas-connected developers "can put funds into building apartments and then selling units to buyers, who would have no way of knowing the provenance of the funds that went into building their home."

In other words, ordinary homeowners are unaware that their purchases have helped to fuel the growth of a militant organization responsible for the worst massacre of Jews since the Holocaust.

Turkey

On the surface, Hisham Younis Yahya Qafisheh's resume makes him an unlikely plutocrat, let alone militant "element." Born on September 1, 1956, in Hebron in what was then Jordan and which would later become the West Bank, he graduated in accounting from King Abdulaziz University, in Jeddah, Saudi Arabia, in 1978. He started his business life as an accountant in the branch of a French company in Saudi Arabia and worked as a finance manager at the Dar Al Eiman hotel company in Jeddah between 1987 and 2005. Arabic is his native language, and he speaks English.

Yet this CV, included in documents that the Turkish company Trend GYO submitted to the Turkish Department of Finance in 2018 as part of its public offering requirements, does not highlight two crucial parts of his life story.

First, the Ticaret Sicil Gazetesi trade registry publication in Turkey printed a notice on March 25, 2021, which corrected Qafisheh's personal data. He had assumed a new Turkish name and obtained Turkish citizenship. This could help him to avoid scrutiny and travel more easily.

Second, according to a U.S. Treasury statement when it placed Qafisheh on its sanction list the following year, he served as deputy head of Hamas' investment office and has played an important role in "transferring funds on behalf of various companies linked to Hamas' investment portfolio." It had been investigating his involvement in Hamas-linked companies in three countries.

"Qafisheh was involved in managing the operations or held key roles in several companies controlled by Hamas," the Treasury Department added.

One of those is the fashionable-sounding Trend GYO, which advertises plush, middle-class apartment blocks and business plazas in its Turkish brochures and website. The company has also set up a Trend REIT, or real estate investment trust, for investors who want to buy into its property developments.

Turkish business records reviewed by Newsweek show that, as of September 2023, Trend is 55 percent publicly traded, meaning it raises money from the public and investors.

According to its own records, Trend GYO has completed 12 major projects throughout Turkey, including AG Plaza at Istanbul Commerce University, one of its most recently completed and largest projects, and a series of apartment blocks in the city of Bursa in northern Turkey that include the Anda Park Sultanbeyli, Anda Park Ertuğrul, Anda Park Özlüce, Anda Park Balat-1, Anda Park Balat-2 and Anda Park Millet projects.

In total, the company says it has built over 500,500 square feet of business and residences over the past 16 years.

Among Trend GYO's six upmarket residential blocks in Bursa is "Trend Boulevard," which the company is encouraging investors to buy into through its investment trust. The 34-unit apartment complex Andapark Ertuğrul offers "the key to a peaceful life with its modern architecture and a green field" in "the most modern district of Bursa," the advertising states. Behind this glossy façade lies a truth that it does not want to advertise.

"As of 2018, Hamas elements held about 75 percent of the issued capital at Turkey-based company Trend GYO. Additionally, Hamas planned to privately issue more than $15 million of Trend GYO's shares to senior officials in the investment portfolio," the U.S. Treasury Department said when it placed Trend GYO on its sanctions list in May 2022.

Corporate governance filings reviewed by Newsweek show that Qafisheh, the accountant who now has Turkish citizenship, had 13 percent of the shares; a billionaire Yemense businessman and politician, Hamid Abdullah Hussein Al-Ahmar, had 17 percent; and the company's deputy chairman, Yemeni national Sahel Mabrouk O. Mangoush, had 30 percent.

Qafisheh is the most significant and is instrumental in both running Hamas-linked construction companies in the Middle East and transferring their funds to Hamas, the U.S. Treasury Department says.

According to the U.S. Treasury Department, among those helping to disguise Hamas involvement in Trend GYO is Musa Dudin, a former suicide-bomb coordinator with close links to the Hamas leadership in Gaza. Dudin was jailed for life but was released in 2011 as part of an Israeli exchange of 1,027 Palestinian prisoners for the kidnapped Israeli soldier Gilad Shalit.

The U.S. Treasury Department said that Dudin was trying to cover up Hamas involvement in the company by transferring shares to other people.

"Musa Muhammad Salim Dudin is a West Bank-based member of Hamas' Political Bureau and Investment Office official and is responsible for negotiations to free Hamas members in prison. Dudin has publicly represented and spoken on behalf of the terrorist organization," it said in a press release to announce its sanctions against Dudin and other Trend GYO-linked officials on October 18, 2023.

It said that "Dudin attempted to obfuscate Trend GYO's continued affiliation with Hamas by transferring ownership to other parties. Dudin has also worked directly with designated Hamas senior leader Yahya Ibrahim Hassan Sinwar. Additionally, Dudin has previously received tens of thousands of dollars from Political Bureau Deputy Chief Salih Al-Aruri. Dudin has used these funds to purchase a variety of weapons for Hamas that were subsequently used in deadly terrorist attacks that resulted in the deaths of Israeli soldiers." The U.S. placed Sinwar on its sanctions list on August 27, 2015, and Al-Arouri on September 10, 2015. Al-Arouri was assassinated in an alleged drone attack in Beirut on January 2.

In May 2022, Trend GYO was placed on the U.S. sanctions list by the Treasury Department, which listed the company "as part of Hamas' investment portfolio" and "a key component of Hamas' global asset holdings which had previously been estimated to be worth over $500 million."

Although the then chairman, Hamid Al-Ahmar, is not on the U.S. sanctions list, Trend GYO's public offering documents in 2018 state that he is chair of Al-Quds International Foundation, a Lebanese organization that is on the U.S. sanctions list as a Hamas front. Al-Ahmar has frequently spoken about his support for Hamas.

There is evidence of major changes in share ownership from Trend's filings with the Turkish Department of Finance. Trend's latest corporate accounts, filed for September 30, 2023, and reviewed by Newsweek, show that 55.4 percent of the company is publicly owned, compared with 45.74 percent at the end of 2022. The largest private shareholder is Alaeddin Senguler, with 22.19 percent of the company; followed by Arwa Saleh M. Mangoush with 12.07 percent; and Gulsah Yigidoglu with 10.34 percent. All three were placed on the sanctions list in November for "having materially assisted, sponsored, or provided financial, material, or technological support" to Hamas.

One of the three, Arwa Mangoush, a 37-year-old Saudi national, was born in Jeddah and is a female relative of Trend's co-founder Saleh Mangoush, who transferred all his shares to her.

According to Trend GYO public offering documents at the Turkish Department of Finance, Saleh Mangoush was born on November 28, 1957, in Hadhramaut in eastern Yemen. Like Qafisheh, he studied at King Abdulaziz University in Jeddah, Saudi Arabia, having graduated from the Faculty of Business Administration in 1983. He started work life as a cashier at Al Ahli bank in Saudi Arabia in 1979, moving up to be the general manager's special secretary, a position he kept until 2004. His native language is Arabic and he speaks English fluently, the document states.

According to Turkish journalist Abdullah Bozkurt, who has investigated Trend GYO for the Swedish news website the Nordic Monitor, the company is both hiding money for Hamas and generating income for its operations.

"The reviews I have conducted so far definitely indicate both. The company develops real estate which is a very lucrative market to make money in Turkey. Its shares are partly traded in the stock exchange so it raises money from the public and investors as well," he said.

For Nicholas Ryder, a law professor and terrorism financing expert at Cardiff University in the U.K., Hamas' use of property companies fits a pattern.

"Property companies could prove to be a useful funding mechanism because the global property market has proven to be a safe investment for both terrorist groups and organized criminal gangs. Additionally, the property sector, via mortgage fraud, has also been used to finance acts of terrorism and there have been several related terrorist financing convictions in America," he told Newsweek.

Newsweek sought email and phone comment from Trend GYO on November 21 and December 1 and email comment from Saleh Mangoush and Hisham Qafisheh on December 18.

Trend GYO has previously denied supporting Hamas or any other organization, saying it is "impossible for it do so." It said it was established with foreign capital and is a profit-oriented institution subject to regular audit by Turkey's Capital Markets Board that acts in accordance with the principle of transparency.

United Arab Emirates

UAE business records reveal that Saleh Mangoush, Trend's co-founder, set up Itqan Real Estate JSC, in Sharjah, the country's third most-populous city, in 2004. The company is listed as being involved in construction and design. It owned UAE office blocks worth hundreds of millions of dollars.

2022 corporate records reviewed by Newsweek show that Saudi national Mangoush, who is listed as "general manager," owns 49 percent of the company. This is consistent with UAE rules that, until recently, stipulated that all companies must be 51 percent owned by UAE citizens, who receive a monthly payment and may have no connection to the day-to-day running of a company. Itqan was "among several commercial companies controlled by Hamas' covert investment portfolio," according to the U.S. Treasury sanctions list statement in May 2022.

"In mid-2019, Hamas investment portfolio managers considered selling one of Itqan's highest-value assets, valued at $150 million," it added. That asset is believed to be a UAE office block the company purchased, although the details are not listed by the U.S. Treasury Department.

However, while Itqan was a major concern on the Sharjah property market for years, there may have been a crackdown. After Itqan was listed on the U.S. sanctions list, it was listed as "inactive" on company records. Newsweek attempted phone and email contact with Itqan Real Estate JSC on November 21 and December 18. The Itqan phone number no longer appears to be working and the emails bounced. Its website also appears to have been removed.

The UAE government, which called the October 7 attack on Israel a "serious and grave escalation" to the Israeli-Palestinian conflict, has taken a much tougher view of Hamas than the Turkish government. The UAE launched a major crackdown on the Muslim Brotherhood after the 2011 Arab Spring and placed 94 alleged members of a Muslim Brotherhood-linked group on trial in 2013.

Saudi Arabia

According to the Trend GYO public offering documents, Saleh Mangoush, founder of both Trend in Turkey and Itqan in the UAE, is also founder of Anda Company.

Mangoush said in the 2018 Trend public offering documents that he owns 20 percent of Anda Company and is its general manager. He also lists several other Saudi companies he founded, including one with interests in gold and jewelry, hotel management, packaging, car spare parts and contracting.

The U.S. Treasury Department said that Anda is "among Hamas' larger investments in real estate and construction." Anda was placed on the U.S. sanctions list in May 2022. It also said that Anda Company was managed by Mangoush's fellow Trend GYO board member, the accountant Hisham Qafisheh. Newsweek sought email comment from Anda Company and Saleh Mangoush on November 22 and December 18.

Sudan

Sudan-based multimillionaire and Hamas financier Abdelbasit Hamza Elhassan Mohamed Khair "has longstanding ties to terrorism financing, including historic ties to al-Qaida and Osama bin Laden-linked companies in Sudan," according to a statement from the U.S. Treasury Department when it placed Khair on its sanctions list on October 18, 2023. He is the CEO and owner of Sudan-based company Zawaya Group, which was also placed on the U.S. sanctions list on October 18.

According to the U.S. Treasury Department, Kahir also owns the Western-sounding Larrycom Investment Company, a Sudanese firm in which Hamza is a top executive. Zawaya Group and Larrycom were also put on the U.S. sanctions list on October 18.

Qafisheh, the former chair of Trend GYO, is also heavily involved in the Sudan operations. In Trend GYO's 2018 public offering documents, Qafisheh states that he began investing in Sudan in 2000 and, from 2010 onwards, has been on the board of two of Khair's Khartoum companies: Agrogate Holding, an infrastructure and mining company, and Al Ruwad Real Estate Company, both of which were placed on the sanctions list in November 2023.

In his submission, Qafisheh told the Turkish Department of Finance that Ruwad started real estate investments in Turkey in 2006, using a partnership. The document said that, through Ruwad, Qafisheh took part in "the feasibility and construction of many residences, offices and commercial buildings in Turkey." In 2014, he became the chairman and remained in that position in 2018, the document said.

Through its sanctions list statement, the U.S. Treasury Department confirmed Qafisheh's claim that he is on the board of Agrogate Holding and Chairman of Ruwad.

Qafisheh "interviewed and hired candidates for Agrogate leadership and had a direct line of communication to the company board of directors," according to the statement. Agrogate has been a major player in the Sudanese construction business for over a decade. In 2009, Zawaya Group was awarded a Build, Operate, and Transfer (BOT) contract for the Dongola Argeen Highway Project, a 40-year plan to build a 223-mile highway connecting Sudan and Egypt, at an estimated cost of $500 million. Zawaya Group established Agrogate Holding to carry out the project.

Ruwad was established in 2010 by merging several Hamas companies based in Sudan, the U.S. Treasury Department said. Qafisheh "made hiring and firing decisions at Al Rowad and was also involved in the company's financial dealings," it said.

Newsweek sought email comment from Larrycom; Zawaya Group; Agrogate Holding; and Ruwad on November 18 and December 1.

Spain

Spain is at the center of what may be a bold development in the Hamas financing strategy. Osama bin Laden's friend, Abdelbasit Khair, is the CEO of Spanish company Zawaya Group for Development Investment Sociedad Limitada, which was placed on the U.S. sanctions list on October 18. There is evidence that Hamas' decision to move to western European companies is a new development, possibly enabling it to avoid detection in the Middle East.

Spanish company records reviewed by Newsweek show that the Spanish Zawaya Group was established in Valencia, Spain, on December 19, 2022. The company's financial reports are not yet available. Newsweek sought email comment from Zawaya Group on December 1 and December 15.

Algeria

The U.S. also links Hamas to Sidar Company, which was established in Algeria in 1998, according to company records reviewed by Newsweek. The company works in construction and is headquartered in Algiers. "Sidar Company, Anda Company, and Agrogate Holding were among Hamas' larger investments in real estate and construction. Hamas Investment Office leadership actively managed Sidar Company, a real estate development company," the U.S. Treasury Department said.

Perhaps reflecting the covert nature of the company's finances, Sidar's financial records do not appear to match the U.S. claim that it was among Hamas' larger real estate and construction investments. Company records show it is listed as having four employees with 2022 revenue of 106,414,226 Algerian dinar, equivalent to $790,504. Newsweek sought email comment from Sidar Company, and from two of its company managers, on December 1 and December 15.

'Tacit Support'

Despite the complex nature of the Hamas-linked businesses, the roots of the network lie in support for the organization globally, or support for the Palestinian cause in general. Timothy Wittig, author of Understanding Terrorist Finance and a fellow at Oxford University, told Newsweek that Hamas has sought out countries where it knows its property companies will have support in the business community.

He said it was common in terrorism financing for "sympathetic businesspeople and political and community leaders to align efforts to provide mutually beneficial financial support to 'the cause.'"

"This has long been true for the Islamist movement and Muslim Brotherhood, where there is an appealing quid pro quo offering blacklisted groups a financial lifeline and their business partners a privileged position in peripheral yet lucrative markets," he said.

Wittig said that Hamas' financial success in some countries "may be an indicator of tacit and indirect state support."

"It's a way to financially support Hamas without doing so directly—which would have more international political costs due to the sanctions," he said. "By allowing Hamas to do business in your country, governments can have their cake and eat it too."

#nunyas news

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acamind · 1 month ago

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Mastering Success with CBSE Class 12 – Acamind’s Comprehensive Learning Approach

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optioneducation1 · 1 month ago

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Unlocking Success The Importance of AP Preparation Training in Dubai

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goccoedu · 3 months ago

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CA or ACCA -Which is better option?

When deciding between ACCA (Association of Chartered Certified Accountants) and CA (Chartered Accountant) as a career path, it’s important to understand the key differences, advantages, and focus areas of both certifications. Here's a more detailed breakdown:

ACCA (Association of Chartered Certified Accountants)

1. Global Recognition: One of ACCA’s biggest advantages is its global reach. It is recognized in over 180 countries, including key financial hubs such as the UK, UAE, Singapore, and parts of Europe. This makes ACCA an excellent choice for professionals aiming for an international career or planning to work in multinational corporations. The global focus of ACCA prepares candidates to work with diverse financial regulations and international standards.

2. Flexibility in Completion: The ACCA course can be completed in a relatively short time, typically within 2 to 3 years, depending on the candidate's dedication and pace of study. This flexibility makes it suitable for professionals who want to complete their certification quickly and enter the workforce. Additionally, ACCA offers flexible study options, allowing students to study part-time while working.

3. Exemptions for Relevant Qualifications: Candidates with prior relevant qualifications such as degrees in accounting, finance, or even certain business management fields may be eligible for exemptions from some of ACCA’s 14 exams. This feature speeds up the process for candidates with advanced qualifications, reducing the time needed to become fully certified.

4. Course Structure: ACCA is divided into two key levels:

Fundamentals: This level includes knowledge-based exams that cover essential topics like Financial Accounting, Management Accounting, and Business and Technology.

Professional: This level focuses on advanced topics such as Corporate Reporting, Strategic Business Leadership, and Advanced Financial Management. This blend ensures that ACCA graduates are well-rounded in both the theoretical and practical aspects of finance and accounting.

5. Career Path: With ACCA, graduates can pursue various roles, including accounting, finance, auditing, management consulting, and even corporate finance positions in multinational organizations. The certification is highly valued for finance roles that require an understanding of global markets, regulatory compliance, and international financial reporting standards (IFRS).

CA (Chartered Accountant - India)

1. Local Recognition and Prestige: In India, the CA certification carries significant prestige. The Institute of Chartered Accountants of India (ICAI) is the regulating body, and its qualifications are highly respected. CA is the most recognized qualification for accounting, auditing, and taxation professions within India. Employers, particularly in accounting firms, banks, corporate houses, and government agencies, often prefer CA-certified professionals due to their in-depth knowledge of Indian tax laws and accounting standards.

2. Duration and Rigor: Becoming a CA typically takes longer—around 4 to 5 years—owing to the structure and requirements of the course. The course is known for its rigorous exams, with a low pass percentage, which adds to its prestige. The path to becoming a CA includes completing the Foundation Course (formerly CPT), followed by Intermediate (IPCC) and Final exams, along with a mandatory 3-year articleship (practical training) under a practicing Chartered Accountant.

3. Eligibility: Students can start preparing for CA after completing their 12th grade through the CA Foundation Course. Graduates can also directly enter the CA Intermediate level, which gives some flexibility in starting the CA course at different points in their education.

4. Course Structure: The CA program consists of three key stages:

Foundation: Basics of accounting, law, and economics.

Intermediate: More detailed subjects like financial management, taxation, auditing, and advanced accounting.

Final: The final level covers advanced topics in auditing, corporate laws, financial reporting, and strategic financial management.

5. Career Path: In India, CA-certified professionals often secure top roles in accounting, auditing, taxation, and financial management. CAs are also sought after for roles in internal and statutory audits, tax advisory, risk management, corporate governance, and consultancy. They can also open their own practices or join firms that specialize in tax, accounting, and auditing services.

Comparison and Key Differences

Recognition: ACCA has a more global recognition, making it ideal for those who want international exposure. CA, on the other hand, is more regionally focused on India and is the top qualification for accounting professionals in the country.

Time and Flexibility: ACCA is faster to complete (2-3 years) with flexible exam timings, while CA takes longer (4-5 years) and requires a mandatory articleship for practical experience.

Course Structure and Specialization: ACCA’s course is divided into international accounting standards and offers flexibility in electives. CA is highly focused on Indian laws, tax policies, and accounting standards, making it ideal for those who wish to specialize in Indian markets.

Career Opportunities: ACCA graduates are likely to work with multinational companies, often in financial hubs globally, or pursue roles in international financial reporting. CA professionals are more likely to work in the Indian corporate, financial, and government sectors. However, a CA can also pursue opportunities abroad by clearing local certifications or additional qualifications like ACCA or CPA.

Which One Should You Choose?

The decision between ACCA and CA depends largely on your career goals and where you want to work:

For a global career or working in multinational companies, ACCA is a better fit. It equips you with skills and knowledge recognized worldwide and gives you flexibility in terms of specialization.

If you plan to work in India, particularly in fields like auditing, taxation, or setting up your own practice, CA has the upper hand. It’s more prestigious and widely accepted in Indian firms.

ACCA’s Flexibility vs. CA’s Rigor: ACCA offers a structured but more flexible pathway to become a globally certified accountant, while CA is more rigorous with its longer duration and mandatory practical training. If you prefer a faster certification and a career that might take you abroad, ACCA is the better option. But if you're interested in long-term stability within India, CA offers immense value.

Ultimately, the choice between ACCA and CA should reflect your aspirations, whether you aim to work in India or internation

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jon-purizhansky · 8 months ago

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Empowering Migrant Workers: Joblio's Integration with the UAE's Wage Protective Systems

Under the visionary leadership of His Highness Sheikh Mohammed bin Zayed Al Nahyan (MBZ), the Wage Protective Systems (WPS) were established in the United Arab Emirates (UAE), marking a significant milestone in the country’s commitment to upholding labor rights and protecting the dignity of its migrant workforce. The WPS, spearheaded by MBZ’s forward-thinking approach, mandates that all private sector companies pay their employees’ salaries electronically through registered banks or financial institutions. This initiative aims to ensure transparency, accountability, and timely payment of wages, thereby mitigating the risk of exploitation and promoting compliance with labor laws.

Joblio (Joblio.co), a technology-powered social impact platform, stands at the forefront of innovation, offering a transformative solution that seamlessly integrates with the UAE’s WPS to enhance operational efficiency and empower both employers and employees. “At Joblio, we recognize the pivotal role of the WPS in safeguarding the rights of migrant workers,” says Jon Purizhansky, founder of Joblio. “Our platform removes the unnecessary and often unscrupulous middleman from the ecosystem, providing employers with streamlined tools for managing their workforce while ensuring compliance with wage payment regulations.”

Central to Joblio’s approach is its Ambassador Program, championed by Jon Purizhansky, which mobilizes community advocates to raise awareness about labor rights and promote ethical recruitment practices. “Through our Ambassador Program, we amplify the impact of the WPS by engaging with local stakeholders and empowering them to advocate for fair labor practices,” explains Jon Purizhansky. By fostering a culture of transparency and accountability, Joblio strengthens the foundations of the UAE’s labor ecosystem, aligning with MBZ’s vision of a just and inclusive society.

In addition, Joblio’s Applicant Concierge Experience (ACE) program revolutionizes the recruitment process by prioritizing the needs and experiences of job seekers. “With ACE, we provide personalized support to applicants, guiding them through every step of the recruitment journey,” says Jon Purizhansky. By enhancing job seekers’ access to information and support services, Joblio empowers them to make informed decisions and assert their rights within the labor market.

The integration of Joblio’s Ambassador Program and ACE program with the UAE’s WPS creates a synergistic ecosystem that benefits employers, employees, and the government alike. “By harnessing technology and community engagement, we strengthen the foundations of the UAE’s labor landscape,” emphasizes Jon Purizhansky. Through collaborative efforts, Joblio and the WPS uphold the principles of fairness, dignity, and respect for all individuals, reaffirming the UAE’s commitment to advancing human rights and social justice.

Originally Posted: https://jonpurizhanskybuffalo.com/empowering-migrant-workers/

#joblio #Business

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scribblesoul-20 · 9 months ago

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Job title: Director of Advancement and Alumni Affairs(UAE Nationals Preferred) Company: Ajman University Job description: JOB SUMMARY: The director is responsible for the creation of plans, the implementation of strategies, and the supervision of fund-raising programs at the university. The Director plans and executes the vision and mission of Ajman University related to alumni engagement to enhance loyalty, dedication, and support for the university. KEY ACCOUNTABILITIES: Design, implement, and oversee a comprehensive fundraising program designed to secure significant financial resources from trustees, parents, alumni, foundations, and others to support AU's mission and strategic priorities. Oversee all fundraising efforts and programs, including the annual fund, special fundraising events, major donor programs, grants, capital campaigns, planned giving, donor prospecting and research, and office administration, to meet or exceed annual development plan income goals. Oversee the development and implementation of programs fostering alumni involvement with the university and encouraging meaningful and productive alumni participation. Broad financial responsibility includes setting fundraising objectives, evaluating results, and developing corrective strategies as needed. Identify, develop, and maintain relationships with current and prospective major donors, foundations, organizations, alumni, and corporate funders. Plan and implement programs and projects that engage alumni in strengthening and providing tangible benefits to alumni, the institution, and current students. Plan, implement, and promote alumni programs that support the university's central mission and vision. Oversee the planning and execution of alumni activities both nationwide and in targeted regions across the country to enhance alumni engagement and cultivate connections. Other duties are assigned by the direct manager. Qualifications and experience: A bachelor's degree is required (a master's degree is preferred). 7+ years of experience related to alumni relations fundraising, preferably in an independent educational institution. a proven track record of raising funds from individuals and foundations with impressive results. Management experience, including leadership skills to inspire a team and support and develop individuals. The capability to work effectively with high-net-worth business leaders is essential. Exhibits exemplary written and spoken English (Arabic is an advantage). Knowledge and Skills: Requires high energy, empathy, and enthusiasm, along with great social skills. Proactive, self-motivated, and excellent public speaking and writing skills. Maintains confidentiality and exemplifies personal and professional integrity. Professional maturity, highly developed levels of tact, diplomacy, and initiative. Thorough knowledge of the school's curriculum, ethos, policies, and procedures. Bringer of high-value network capital. Demonstrates competence in computer technical skills using Word, Excel, Publisher, PowerPoint, and other related programs and software for educational and business office use. Excellent organizational and interpersonal skills to aid in daily contact with a diverse multicultural population; mature judgment; courteousness; and professional etiquette. Ability to encourage staff under direct supervision to operate as members of an effective team. Demonstrates skills in forward thinking and being able to anticipate and prioritize work. Ability to multi-task and juggle timelines. Ability to work creatively and independently. Ability to work under pressure. WORKING CONDITIONS: Work is normally performed in a typical interior work environment, which does not subject the employee to any unpleasant elements. The position may entail work after duty hours, on weekends, holidays, and in emergencies (i.e., may be subject to “on-call” responsibilities). SUPERVISION: Reports to: Chancellor Subordinates: Advancement Manager Alumni Affairs Manager Administrative Officer Expected salary: Location: Ajman Job date: Wed, 14 Feb 2024 04:14:49 GMT Apply for the job now!

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inplass · 9 months ago

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Hotel Management Made Simpler: The UAE's Use of Software Solutions

Effective hotel management is critical to success in the UAE's ever-changing hospitality sector. With the development of technology, hoteliers are using more and more complex hotel management software in uae programs to optimize revenue, improve visitor experiences, and streamline operations. Effective hotel management software is especially in demand in Dubai, where standards for hospitality are incredibly high.

Recognizing Hotel Management Software's Significance

The foundation of contemporary hotel operations is hotel management software, which provides a wide range of features intended to maximize different facets of business management. Hoteliers can greatly benefit from these software solutions in the following ways:

Streamlined Operations: Hotel management software automates repetitive tasks, such as housekeeping schedules and front desk management, freeing up staff to concentrate. on providing outstanding visitor experiences.

Improved Guest Experience: Hotels can provide customized experiences that appeal to guests thanks to hotel management software's integrated booking systems, guest preferences tracking, and personalized service capabilities.

Effective Inventory and Resource Management: Tools for resource allocation, procurement automation, and inventory tracking help hotels make the most use of their resources while reducing waste and increasing profitability.

Comprehensive Reporting and Analytics: With the tools that management software offers for comprehensive reporting and analytics, hoteliers can learn a great deal about the performance of their business. Strategic planning and well-informed decision-making are made possible by this data-driven approach.

Locating the UAE's Best Hotel Management Software

Choosing the appropriate hotel management software in dubai is essential to maintaining a competitive edge and achieving operational efficiency. When assessing software solutions, keep the following points in mind:

Scalability Whether your hotel is a large resort or a boutique hotel, the software needs to be scalable to meet its changing needs.

Integration Capabilities: Search for software that can easily integrate with other crucial hotel systems, including platforms for customer relationship management, property management, and point-of-sale.

User-Friendly Interface: To guarantee seamless adoption and low training costs for employees, an interface must be easy to use.

Mobile Accessibility: Choose software solutions that provide mobile accessibility in today's mobile-first environment so that hoteliers can oversee operations while on the go.

Customization Options: Optimizing the software's efficacy depends on your ability to tailor it to your hotel's particular needs.

Reliability and Support: To handle any problems, pick a respectable software supplier with a solid track record of dependability and prompt customer service. Security and Compliance: To protect sensitive guest data, make sure the software complies with legal and industry security standards.

In summary

To sum up, hotel management software is essential for streamlining operations, improving visitor experiences, and increasing hotel profitability in the United Arab Emirates, especially in places like Dubai. Hoteliers can stay ahead of the competition in a highly competitive market by streamlining their operations and gaining insightful data by utilizing the appropriate software solution. To find the best solution for your hotel's unique needs, you should conduct extensive research and take into account some important factors before choosing a hotel management software provider. This will ultimately pave the way for success in the dynamic UAE hospitality market.

#hotel management software in uae #hotel management software in dubai

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rankconsultancy · 9 months ago

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Make sure you follow these Anti Money Laundering Compliance Strategies for the UAE

Tales of the glistening mirage—complete with dazzling skyscrapers, a thriving economy, and businessmen from every corner of the globe. But avoid the pitfalls such opulence conceals. Anti-Money Laundering Caompliance is the deep current under the superficial shimmer- is where you have to focus. With so many shoals below the surface of this decoratively faceted galleon, few dare to “optimistically navigate” their ventures without knowing where they are headed. You could be facing hefty fines or a forced termination. Not to mention the pain and legal conditions associated with it. Fear not, for this is where Rank Accounting & Consultancy emerges at once like a worthy investment dragon — a trusted guide charting the course of your success in the UAE.

Understanding the AML Landscape in the UAE

The UAE is part of the Financial Action Task Force and prides itself on having an expansive array of various institutions in its AML regime.

Financial Institutions: From crowded banks to modest money vendors, financial institutions function as an invisible fence against harmful attempts to rob money.

Designated Non-Financial Businesses and Professions (DNFBPs): Accountants, lawyers, real estate agents, and – even precious metal merchants are all crucial in protecting the network against illegal infiltration.

Virtual Asset Service Providers (VASPs): While the waters of cryptocurrencies are uncharted lately, VASPs have the responsibility of not permitting these digital assets to turn into lairs for dirty money.

In the UAE, Anti Money Laundering compliance isn’t just something for the show. It’s the essence of ethical and sustainable business. Rank has an experienced team of UAE corporate tax consultants who already possess the wisdom to interpret AML regulations, and they will also arm you with the ships you need to survive.

Customer Identification (KYC): Anti Money Laundering Compliance foundation, KYC measures your clients’ authenticity. Rank will help decide the changes in the procedures you require to imitate the means of identification, understand capital sources, and reduce risk.

Risk Management. Businesses of every stripe all possess their unique vulnerabilities. Rank will help you devise a risk management plan that’s made to measure the tiniest detail for your business in particular. This approach shows your weak points and helps you correct them in time before they materialize.

Operational Controls. The most effective deterrent to any suspicious activity is a watchful eye. Rank can assist you in setting up strong internal controls that include a wide-open eyes mentality toward transactions, careful record-keeping, and well-defined procedures for reporting suspicious transactions (SARs).

Knowledge is Power: Training and Awareness: The war on financial crime is a test of our ability to defeat obscurity with reason, and educating your team in the sorcerers’ art of modern white-collar crime is essential. Rank brings better training programs so your people have the skills and background knowledge to recognize and report suspicious activities. A well-informed workforce is your first line of defense.

Rising Conformity Levels: Roadmaps to Business Expansion in India beyond just signing forms. There are myriad opportunities out there to shoot for higher and higher. Rank won’t leave you behind. The Anti-Money Laundering world is a dynamic jungle constantly changing its appearance. It also adapts to the ever-evolving tactics of criminals. Rank keeps you informed about the latest regulations and updates, ensuring your Anti Money Laundering compliance remains watertight.

Beyond Compliance: Your One-Stop Shop for Business Success in Dubai

Rank’s expertise goes beyond navigating the currents of Anti Money Laundering compliance. It is also the reason why we are a comprehensive solutions provider for all your business needs in Dubai; from setting up a company to obtaining a license. In addition to expert tax advice and first-class accounting services, we also offer end-to-end support solution that opens the door for a smooth venture in the bustling waves of the UAE.

Setting Sail with Confidence: Your Journey Begins with Rank

The United Arab Emirates is a place of longing for many, as the golden beaches of the Arabian Desert flow gently into the turquoise sea. There is a compelling blend of drive and access here. However, make no mistake – an epitome of shining skyscrapers in Dubai’s cultural mosaic is bound by one money laundering (AML) law to prevent those with ill-gotten gains from benefitting too easily from their locale or life status! Any businessman who sets off onto the profitable seas surrounding the country (UAE) will find overcoming complex regulatory requirements merely more than just an impediment: it is key to real and lasting success.

Rank Accounting & Consultancy can stand as a reliable guide for you, on the treacherous shores of AML compliance. We are not just experts in compliance but rather architects of your business, drafting very detailed plans for fragments that not only meet regulatory requirements but also shape an ethical culture within your organization.

However, our dedication to your success is not confined by the boundaries of AML compliance. Rank makes navigating the entire corporate environment of the UAE convenient at a single point. From business setup and license to expert tax advice and full-range bookkeeping services, all kinds of end-to-end support exist to ease the process and pave the way for a healthy takeoff without turbulence.

Moreover, we should not disregard the UAE Golden Visa’s allure. Possessing this is your entrance into life within this fast-working business city and howsoever only. With Rank at the controls, getting hold of this sought-after rank becomes an easy business. We’ll ferry you through all of the details so that not one requirement is missed. Life in the world is like a road full of possibilities, full of opportunity.

But the journey ahead is also a challenge requiring faith in Rank. Rank is not only a service provider: we are your constant companion on the journey. We’ll provide the wind that drives you forward. We’re there to help as your hand on the wheel keeping you out of the shoals; and always watching at the top of the cliff in order to illuminate the path leading towards a flourishing business in the UAE.

So, set your sights on the horizon, entrepreneur. Choose Rank as your guide, and together, let us transform your vision into a flourishing reality on the golden sands of the UAE.

Tagged Anti-Money Laundering Compliance UAE

#anti money laundering compliance uae ( aml )#aml compliance in uae

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happensss · 10 months ago

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Which is the best country to start a business setup in 2024?

Dubai is the largest emirate in the United Arab Emirates (UAE) and a city rather than a nation. Nonetheless, given its standing as a major international commercial hub, Dubai is sometimes thought of as a desirable location for entrepreneurs wishing to launch a business. Dubai’s advantageous location at the intersection of three continents — Africa, Asia, and Europe — makes it a gateway for global trade. Due to its advantageous location, Dubai has become a hub for business travel and a Business setup in Dubai.

Dubai’s easy business establishment and friendly business environment are two of the main reasons it’s a desirable place to establish a business. The government of Dubai has put policies into place to expedite bureaucratic procedures, cut red tape, and create an environment that is conducive to business. The establishment of free zones, like the Jebel Ali Free Zone (JAFZA) and the Dubai International Financial Centre (DIFC), offers businesses special benefits such easier import-export procedures, tax advantages, and 100% foreign ownership. These programs facilitate the smooth establishment of businesses and draw in business owners from all over the world.

Another attractive aspect of Dubai for entrepreneurs is the tax climate. Businesses and individuals can operate in a tax-free environment in the United Arab Emirates (UAE), which includes Dubai, as there are no corporate or personal income taxes. Businesses trying to increase revenues and optimize their financial structures will find this tax advantage very alluring. Furthermore, the lack of Value Added Tax (VAT) on the majority of goods and services makes businesses operating in Dubai even more competitive.

One of Dubai’s main features has been the expansion of its infrastructure. With its cutting-edge facilities, sophisticated transit networks, and cutting-edge telecommunications, the city has top-notch infrastructure. One of the busiest airports in the world, Dubai International Airport makes it simple for companies involved in international trade to stay connected. Moreover, continuous expenditures on sustainable infrastructure and smart city technologies highlight Dubai’s.

Initiatives like the Dubai Innovation Strategy and the Dubai Future Foundation demonstrate how important innovation and technology are to Dubai. In industries like finance, artificial intelligence, and renewable energy, the city is establishing itself as a center for cutting-edge technology and drawing in both startup and well-established companies. An atmosphere that fosters the expansion of companies at the forefront of technical breakthroughs is created by the government’s progressive stance and encouragement of innovation.

Dubai’s multicultural atmosphere makes it appealing to companies looking to expand internationally. The multicultural business climate in the city is a result of the diversified population, which is made up of expatriates from many nations. In addition to creating a rich tapestry of ideas and viewpoints, diversity gives companies access to a large talent pool and makes it easier for them to hire qualified workers from a variety of backgrounds.

Dubai provides several benefits for setting up a business in Dubai, but it is crucial for entrepreneurs to carry out careful research and take into account the particular requirements and nature of their ventures. In this dynamic and active city, local laws, cultural quirks, and market dynamics must all be carefully negotiated to enable a profitable and long-lasting business operation. The chances of starting a successful company in Dubai can be further increased by working with regional business experts and utilizing government assistance.

#business setup services in dubai #business setup company in dubai #business setup consultancy #company formation in dubai #low cost business setup in dubai #business setup in dubai #business setup consultants in dubai #company formation consultant #business setup in uae #business news

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stellarstoryteller · 10 months ago

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British University College

The need for savvy financial professionals is greater than ever in the dynamic world of global business and finance. I am thrilled to demonstrate my dedication to academic achievement by enrolling in British University College's Bachelor of Accounting and Finance program. I aspire to be at the forefront of this exciting field. The institution's prestigious reputation, demanding curriculum, and dedication to creating graduates who are capable of navigating the intricacies of the financial sector serve as the foundation for this decision.

My decision to pursue a Bachelor of Science in Accounting and Finance at British University College was made with the intention of gaining a strong foundation in accounting procedures, management techniques, and financial concepts. The program's comprehensive curriculum, designed to meet the highest industry standards, promises to provide me with the necessary theoretical knowledge and practical skills to thrive in a competitive financial landscape.

#british university #college #university

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icvcertificate · 1 year ago

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What an In-Country Value (ICV) certificate is and Why your company needs it for business

The Abu Dhabi National Oil Company (Adnoc) launched an In-Country Value (ICV) program in 2018 with a procurement focus to promote GDP diversification, emiratization, and strategic considerations. Later, earlier this year, the Abu Dhabi Department of Economic Development (ADDED) partnered with Adnoc to introduce the idea of a unified ICV certification process for suppliers in the United Arab Emirates, in keeping with the financial objectives of the government accelerator program, Ghadan 21 and in response to the program’s success. Aldar Properties, Abu Dhabi Ports, Adnoc, and ADDED are now known to as Participating Entities after they all entered the unified ICV certification procedure last year. In order to collaborate on the program, Adnoc has also inked agreements with Emirates Nuclear Energy Corporation (ENEC) and Mubadala Investment Company. Soon, more entities should sign up for the ICV certification platform. The goal of the unified ICV program is to combine the ICV certification procedure into a single ICV certificate that may be utilized by any supplier, primary or secondary, that plans to participate in the procurement process of the Participating Entities. “Improving private sector participation, facilitating GDP diversification, and localizing essential supply chain components are the primary goals of the ICV Certificate. To put it simply, “In-Country Value is the amount that a supplier spends that stays in the UAE or contributes to the UAE, as stated by Peeyush Joardar, Partner, ICV & Audit at MBG Corporate Services, one of the authorized certifying bodies in the UAE.” By December 2019, more than 1,500 Emiratis were employed in the private sector thanks to the Adnoc ICV program, which has reinvested more than Dh44 billion ($12 billion) in the UAE economy. In the UAE, there are over 3,000 businesses with ICV certification. Among the areas taken into account for ICV certification are manufactured goods, investment, Emiratization, expatriate contribution, revenue from sources outside the United Arab Emirates, and increase in investment. As a result, the ICV program has developed a new business line that must be supplied from the United Arab Emirates. Additionally beneficial to businesses, the ICV certificate gives them the option to use their first right of refusal throughout the tendering process. Companies without the ICV certificate will still be able to compete on Adnoc Group projects, but they will not have the advantage over those with a higher ICV score because their ICV score will be 0 in the bid review process. “We have a team of experts with a track record of issuing ICV certificates across multiple industries, and we can help you obtain your unified ICV certificate within a short turnaround time,” he claims. It is our responsibility to first help clients comprehend the ICV program and identify the variables that influence the ICV score. We then offer ideas for actions to raise the score, such as streamlining organizational procedures, combining legal entities, organizing investments, optimizing the supply chain, and reducing the number of employees. The company’s audited financial statements prepared in accordance with International Financial Reporting Standards serve as the sole foundation for ICV certification (IFRS). It is recommended that financial statements be no more than two years from the year of certification. Furthermore, even though ownership of a group of licenses is shared, each license inside the group is regarded as a separate legal entity for businesses with several entities. “However, one combined ICV certificate is allowed for the company in that emirate if it has multiple branches in the same emirate with identical activities and ownership listed on the licences,” he clarifies. Here are the steps on how to obtain an ICV certification: Issue audited financial statements The first step is to issue audited financial statements on your company. These statements have to be prepared in accordance with International Financial Reporting Standards (IFRS) and have to no longer be older than two years from the certifying 12 months. The statements must additionally be signed through an authorized auditor from the UAE Ministry of Economy. Complete the ICV certificate utility form Once you have got your audited financial statements, you can whole the ICV certificates software shape. The form may be downloaded from the website of the Ministry of Industry and Advanced Technology (MoIAT). Submit the application form and supporting files Once you have got finished the software shape, you should submit it to the MoIAT along with the following assisting files: A copy of your company’s change license A reproduction of your organization’s registration certificates A reproduction of your enterprise’s articles of affiliation A copy of your enterprise’s memorandum of know-how A replica of your organization’s organizational chart A reproduction of your organisation’s worker list A replica of your business enterprise’s education and improvement packages A reproduction of your organization’s network engagement initiatives A replica of your organization’s environmental sustainability regulations Pay the utility fee. The software fee for an ICV certificate is AED 1,000. The price may be paid online or via a financial institution transfer. Attend the ICV certification evaluation. Once your application has been reviewed, you may be invited to wait an ICV certification assessment. The evaluation may be conducted through a group of MoIAT assessors, who will evaluation your agency’s compliance with the ICV criteria. Receive your ICV certificate. If your employer is a success within the ICV certification evaluation, you’ll be issued an ICV certificate. The certificates may be legitimate for two years. How we help you get ICV Certificate for Business? The ICV certificate, once obtained, is good for 14 months from the date the audited financial accounts are released. If the supplier so desires, he may recertify using the same audited financial statements at any point during the certificate’s validity; however, the initial 14-month validity period will not be extended. To assist and set up ICV certification, KGRN Services has established specialized internal teams in Abu Dhabi, Dubai, and Sharjah. KGRN Services was founded in 2008 and offers tactics and solutions that promote corporate change. The company operates in India, Australia, UK, UAE and the Middle East, with its headquarters located in Dubai and over 150 employees at its UAE office. It is located in six countries and has sixteen global offices. The post What an In-Country Value (ICV) certificate is and Why your company needs it for business appeared first on ICV Certificate .

#ICV Certificate #ICV Consultant #ICV Certification

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acamind · 1 month ago

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CBSE Class 11 Commerce: Building a Strong Foundation with Acamind

As students progress from secondary education to senior secondary, choosing the right stream becomes crucial. For those with an interest in business, finance, and economics, CBSE Class 11 Commerce provides the perfect platform to build a strong foundation for higher studies and career opportunities in these fields. In the UAE, Acamind offers specialized courses and comprehensive support for students pursuing CBSE Class 11 Commerce, ensuring they are well-prepared for both academic success and future professional endeavors.

Why CBSE Class 11 Commerce is Important

1. Lays the Groundwork for Future Studies in Commerce

CBSE Class 11 Commerce serves as the starting point for students who aspire to pursue higher studies in fields like accounting, business administration, economics, and finance. The subjects covered in this stream—such as Accountancy, Business Studies, Economics, and Mathematics—equip students with the fundamental knowledge they need to excel in undergraduate courses.

At Acamind, students are guided through the CBSE Class 11 Commerce curriculum with expert faculty who provide in-depth explanations and real-world examples. The personalized teaching approach ensures that students not only grasp theoretical concepts but also understand their practical applications, making the transition to higher education smoother.

2. Prepares Students for Competitive Exams

The CBSE Class 11 Commerce syllabus is designed in such a way that it aligns with many competitive exams, including those for commerce-related undergraduate programs. Whether a student aims to sit for entrance exams for B.Com, CA, CS, or other professional courses, the foundation laid in CBSE Class 11 Commerce plays a significant role in their preparation.

At Acamind, students are provided with exam-oriented coaching that focuses on key concepts, problem-solving techniques, and time management strategies. This ensures that they not only perform well in their school exams but are also prepared to face any competitive challenges that come their way.

Key Subjects in CBSE Class 11 Commerce at Acamind

3. Accountancy

One of the core subjects in CBSE Class 11 Commerce, Accountancy, introduces students to the principles and practices of financial accounting. From understanding basic accounting concepts to learning how to prepare financial statements, this subject lays the groundwork for more advanced studies in commerce-related fields.

At Acamind, the teaching methodology for Accountancy focuses on making complex concepts easier to understand. The faculty emphasizes practical learning by incorporating case studies and real-life financial scenarios, helping students develop strong analytical skills that are essential for success in this field.

4. Business Studies

Business Studies is another key subject in CBSE Class 11 Commerce, focusing on the functioning of business organizations and the principles of management. Students learn about different business environments, entrepreneurship, and the importance of ethical decision-making in business operations.

The faculty at Acamind ensures that students gain a comprehensive understanding of how businesses operate, both in the local and global context. By studying real-world business examples and participating in group discussions, students develop critical thinking and problem-solving skills that will serve them well in the future.

5. Economics

Economics is a subject that forms the backbone of commerce and finance. In CBSE Class 11 Commerce, students are introduced to both microeconomics and macroeconomics, learning about market dynamics, consumer behavior, national income, and economic policies.

At Acamind, the approach to teaching Economics is interactive and engaging. Faculty members help students relate economic theories to current events, making the subject more relatable and easier to grasp. This practical approach ensures that students develop a deep understanding of how economic forces shape the world around them, preparing them for more advanced studies in economics or related fields.

Why Choose Acamind for CBSE Class 11 Commerce?

6. Expert Faculty with Years of Experience

The quality of education a student receives largely depends on the expertise of the teachers. At Acamind, we pride ourselves on having a team of experienced and qualified faculty members who are well-versed in the CBSE curriculum. They are not just teachers but mentors who guide students through the challenges of CBSE Class 11 Commerce, providing personalized attention to ensure each student’s success.

7. Personalized Learning Plans

At Acamind, we recognize that every student learns differently. That's why we offer personalized learning plans tailored to each student's strengths and areas for improvement. Whether a student needs extra help with a particular subject or wants to excel beyond the standard curriculum, our customized approach ensures that every learner gets the support they need.

Our teachers work closely with students, identifying their learning styles and adjusting teaching methods accordingly. This ensures that students not only achieve academic success but also develop a love for learning that will stay with them throughout their educational journey.

8. Comprehensive Support System

In addition to classroom teaching, Acamind provides a wide range of resources to support CBSE Class 11 Commerce students. From online study materials and recorded lectures to regular assessments and feedback, we ensure that students have all the tools they need to excel.

Our support system extends beyond academics. We also offer career counseling services to help students make informed decisions about their future paths. Whether they want to pursue a career in finance, entrepreneurship, or law, we provide the guidance and resources they need to achieve their goals.

Conclusion

Choosing CBSE Class 11 Commerce is a crucial decision for students who aspire to build careers in business, finance, and economics. The subjects taught in this stream not only prepare students for their final school exams but also lay the foundation for higher studies and professional careers. At Acamind, we are committed to providing students with the best education and support they need to succeed in this challenging but rewarding stream.

By enrolling in Acamind's CBSE Class 11 Commerce program, students in the UAE gain access to expert faculty, personalized learning plans, and a comprehensive support system, ensuring they are well-prepared for both academic success and future career opportunities.

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