Al-Qutaibi Islamic Bank Selects IFI to Enhance Compliance Training

The comprehensive program is designed to reinforce compliance standards and effective financial crime risk management across the bank.

Published on Feb. 24, 2026

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The Institute for Financial Integrity (IFI) has announced that Al-Qutaibi Islamic Bank in Yemen has implemented IFI's Financial Integrity and Cross-Border Payments Training Program at the enterprise-level. The program, developed with K2 Integrity, is aimed at reinforcing compliance standards and effective financial crime risk management across the bank to support the stability of Yemen's financial system.

Why it matters

This partnership demonstrates Al-Qutaibi Islamic Bank's commitment to strengthening its compliance and risk management practices, which is crucial for maintaining a secure and responsible banking environment in Yemen. The training program will help the bank's staff uphold the highest standards of financial integrity and protect its clients and stakeholders from potential financial risks.

The details

Over the course of this multi-year program, Al-Qutaibi Islamic Bank staff will benefit from a combination of video-based online training and scenario-driven live sessions, including an Arabic eLearning library with over 8 hours of expert-led videos covering key Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) topics, interactive live training sessions facilitated by IFI and K2 Integrity subject matter experts, and a suite of tools and resources via IFI's DOLFIN platform to support ongoing compliance education.

  • The program was announced on February 24, 2026.

The players

Institute for Financial Integrity (IFI)

A dedicated organization that empowers institutions to protect the global financial system from illicit use, providing both in-person training and online education, testing, and certifications through its proprietary learning platform, DOLFIN.

Al-Qutaibi Islamic Bank

A licensed Islamic microfinance institution in Yemen, offering a wide range of Sharia-compliant financial services, including microfinance, retail and corporate accounts, international transfers, and digital banking solutions. The bank aims to enhance financial inclusion and support economic development in Yemen.

K2 Integrity

A consulting firm that collaborated with IFI to develop the Financial Integrity and Cross-Border Payments Training Program for Al-Qutaibi Islamic Bank.

Bassel Alkely

Head of Compliance Management at Al-Qutaibi Islamic Bank.

Grant Kreft

Chief Executive Officer of the Institute for Financial Integrity.

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What they’re saying

“This program provides our team with the knowledge and practical guidance necessary to uphold the highest standards of financial integrity. It reinforces our commitment to operational transparency and protecting our clients and stakeholders from potential financial risks.”

— Bassel Alkely, Head of Compliance Management

“Al Qutaibi Islamic Bank's dedication to strengthening its compliance and risk management education demonstrates a clear commitment to financial integrity. We are proud to work with Al-Qutaibi Islamic Bank and support its efforts to create a more secure and responsible banking environment in Yemen.”

— Grant Kreft, Chief Executive Officer

What’s next

The program is a multi-year initiative, and Al-Qutaibi Islamic Bank staff will continue to benefit from the training and resources provided by IFI and K2 Integrity over the course of the partnership.

The takeaway

This partnership between Al-Qutaibi Islamic Bank and the Institute for Financial Integrity highlights the importance of compliance training and risk management in the banking sector, especially in regions like Yemen where financial stability and integrity are crucial for economic development and growth.