A Brief Overview:

Reyadee program for Financial and Banking Knowledge: This is a constellation of courses and systems which aim to enrich the financial and banking awareness of the younger generation which belongs to the age group between 13-17 years by means of an interesting, interactive and participatory method involving the user (i.e. the student) and his parents or guardians.

Reyadee program for Financial and Banking Knowledge includes simplified cartoon illustrations supported by voice commentary on the one hand, alongside the presence of evaluative questions which aim to measure the extent to which the user (the student) has absorbed the information thereby qualifying him/her to move on to another lesson in the program.

Moreover, Reyadee program for Financial and Banking Knowledge includes short videos for a group of recognized speakers, teachers and trainers, who briefly shed light on some concepts related to money and entrepreneurship.

Reyadee program for Financial and Banking Knowledge enhances the capability of the user (student) to earn money by undergoing a beneficial and enjoyable experience involving a practical activity to make money. The journey of the user is merely to undergo the training through gamification, which may be accessed through smartphone and computer applications.

Vision: To form a generation of people who are well versed in financial affairs,      banking and entrepreneurship.

Mission Statement: Build social capital through assisting youth to realize their full potential, while also enabling society and the economy to prosper and grow.

Why “Reyadee”:

1-    Fostering the appreciation of the young generation of the value of money.

2-  Management by the young generation of expenses and converting them from mere consumption to the building of financial values and skills.

3-  Develop and hone the skills of the young generation in the field of entrepreneurship and teach them self-reliance at an early stage of their life.

4-   Acquaint the young generation with the banking systems, and how to deal with them and avail of their services.

5-   Simulate a correspondence between mathematical calculations and the life realities of the user.

6-   Convert the innovative ideas of the young generation to entrepreneurial projects and provide the necessary financial funding for them.

Available Courses:

Reyadee program for Financial and Banking Knowledge includes the following five main courses:

First Course: Introduction to Money

In this course the attempt is made to define money and the methods of using with reference to four axes, namely: spending, saving, investment and donation. Moreover, the course includes a definition of the needs and desires of the user, in addition to a synopsis on the concept of smart spending, while illustrating the previous concepts with explanatory examples.

This course has two levels: Introductory and Advanced.

1-     Introduction to Money

Lesson 1: Meaning of Money

What is money, and how is it used in our society? Fundamentals of spending and saving, and explaining and illustrating the concept of smart spending through illustrative examples and scenarios.

Lesson 2: Needs Versus Desires

This lesson will focus on the difference between needs and desires and how it would be possible to formulate a particular mathematical equation for purposes of saving related to desires, while maintaining a reserve particular to basic needs and the work mechanism of the personal budget.

Lesson 3: Profits (Earning)

The students will determine the sources of income and the methods by which they can earn money. The students shall perform simply mathematical calculations as a prelude to practical application.

 

2-     Introduction to Money (Advanced)

Lesson 1: Money and Banks

What is money, and how is it used in our society? What are the roles that banks and other financial institutions could play in helping you to manage your properties and money?

 

Lesson 2: Budgets

To enable the students in this lesson to experience how budgets for individuals achieve an equilibrium between their expenses and income. The skill will be developed to use the calculation operations by using the percentage for measuring the impact of one cell surpassing another, and the final financial impact for each month or in accordance with the period of the budget.

Lesson 3: Value

This lesson pivots around the real value of money, and how states issue it, and based on what standards and rules. Moreover, the standards for determining the value of income will be elucidated so as to include the skills and experiences of the employees, the strength of the idea and the extent to which an entrepreneur needs it.

·         Examples of the tasks assigned in the first training program:

1-     Write the success stories of three businessmen living in our midst, and the sources of their wealth.

Aim: This task helps to achieve the principle of learning by investigation and research, and by reading and studying success stories, and drawing lessons from those success stories.

2-  Write two success stories for employees who earn a very high income, and what is it that distinguishes them from others.

Aim: This task helps to illustrate that an employee can also earn a high income in case he possesses the qualities and skills demanded by the market, and how he could become an indispensable employee.

Second Course: Introduction to Banking

The students are introduced to the types of banks and their services and what are the roles that could be played by banks and other financial institutions in helping people to manage their money? The practical definition of a bank, and what is the role of the bank towards individuals and government, as well as the forms of banking functions and the responsibilities and duties of the employees. Moreover, the course will introduce the equipment used by banks such as the Automated Teller Machine (ATM) and the queuing organizing unit and other instruments evident to the student when he visits the bank.

Lesson (1): Banking Services

What is the relation of the bank with the Central Bank? The students will gain knowledge of the fundamentals and functions of banks and their role in our lives; And what are the services offered by the bank and how is the bank distinguished from the other banks.

Lesson (2): Saving Accounts

Explain how to save money alongside using it in future time. Moreover, the idea is addressed relating to what the banks offer in incentives to people with a view to safeguarding their savings in the saving accounts. In this regard the student shall fill a deposit saving voucher in a manner concretely representing reality.

Lesson (3): Writing a Check

What is a check? How does it acquire value? How does one write a check correctly, which is fundamental to sound management of money and the avoidance of financial errors and pitfalls? This will be practically taught in a manner in accord with the laws of the Central Bank.

·         Among the examples of the assignments of the program:

1-      Mention 5 local banks and state which banks have more branches?

This assignment helps in providing the student with the opportunity to study all the factors of success of local and international banks, the extent to which this impacts the global economy, and how to involve the student in developing his country economically in the future.

Third Course: Introduction to Business

Among the key outputs of financial culture is for the student to achieve balance and financial stability in his life, particular to establishing his private enterprise. However, this requires some skills that must be present beforehand and which this course will address.

Lesson (1): Introduction to Investment

The students will be introduced to all types and forms of investment including small and micro-enterprises. The students will also be introduced to the facets of difference between enterprises, and the definition of innovation and invention.

Lesson (2): Profits and Losses

The students will undergo the experience of implementing a project through the lesson to be able then to practice the skills of calculating the profits and losses of the project and to apply them to their particular projects upon performing the tasks of this course.

The assignment of the third course will be through establishing a micro-enterprise to apply the foremost basic skills.

 

Fourth Course: Advanced Financial Skills

The students’ financial skills will help the students to become acquainted with the method of managing their money at the present time, and to also become acquainted with positive financial habits so as to prepare them for the future. Moreover, the students will be introduced to a set of advanced financial skills and knowledge such as: assets and liabilities, spending, saving and borrowing; and also advanced skills in dealing with money and a synopsis on the stock market.

Lesson (1): Concept of Personal Financial Adjustment

The students will be able to know the mechanism of ascertainment by comparing his records and books with those of the bank to ascertain their correspondence. The process requires a precise mathematical calculus.

Lesson (2): Profits (Gain)

The students will determine the sources of income and the methods by which they can earn money. The students shall perform simple arithmetic calculation with a view to applying it to actual reality.

Lesson (3): Understanding and Preparing Balance Sheets

People use balance sheets to manage income, expenditure and saving. The aim of this has to do with the matters that should be taken into consideration for the students to increase their revenues and reduce their expenditure. Differentiation will be made between the budget of companies and linking them to the profit and loss account which they submitted in the previous course as personal budgets.

Assignment: Prepare an anticipated personal budget for a period of six months, in addition to preparing the budget of his small enterprise and calculating profits and losses.

Fifth Courses: Advanced Banking Transactions

Introduction to all kinds of accounts, the tracking of savings, the method of writing checks, and understanding banking settlements. Moreover, the students will understand the concepts of credit, credit cards, and also comprehend the rules of interest, the costs of consumption credit, as well as explanation of the importance of using credit cards with full responsibility (liability).

Lesson (1): Saving Accounts

How does one save money for future use. Moreover, what are the incentives offered by banks to people to maintain their savings in saving accounts. In this connection the students will fill saving deposit vouchers in a manner simulating reality.

Lesson (2): Withdrawal of Savings

Upon comprehending the deposit process covered in the previous lesson, the student in this lesson will be able to withdraw from the bank or use the Automated Teller Machine (ATM) in a manner simulating reality.

Lesson (3): Tracking Savings

The student in this lesson will learn how to well manage money through precise records of deposits and withdrawals from bank accounts. It is necessary to conduct precise calculation to ascertain precise balance in your saving account.

Lesson (4): Credit and Interest

The student will acquire knowledge of the concepts of credit and credit cards, while taking cognizance of what it means to make purchases using credit cards.

Lesson (5): Loans

Explanation of the concept and forms of loans. The students will be able to differentiate between consumption loans and purchase loans through the credit balance.

The mission of the fifth course is to complete the training phase related to depositing to then move to the Reyadeethon camp

The Interactive Training Camp: “Reyadeethon”

The camp includes a disparate set of lectures, workshops, activities and internal and external events, field visits, in addition to hosting successful Jordanian businessmen and entrepreneurs so as to present their success stories. All of the foregoing aims to instill in the mid of the students a clear picture of the nature of the market, the magnitude of competition, and the importance for the youth to acquire innovation and problem-solving skills. The camp principally focuses on performing field and investigative tasks related to the goals of the project which may provide the jury committee a transparent evaluation mechanism for purposes of qualifying the students, not to mention their skills in the areas of time management, problem solving and team work based on the behaviors and movements of the participants palpable to the evaluation committee inside the camp. Ultimately the student participating in the camp events will present an entrepreneurial idea before the jury committee which will select those that qualify for the entrepreneurship program.

Methodology:

1-   Creative methods of explanation using cartoons that are in harmony with the local culture and language on the one hand, and which give due regard to the target age group on the other. The interactivity of the user will be gaged, prior to moving to the following lesson.

2-  Video films of speakers and trainers addressing the target age group, including brief concepts related to the world of money and business, in addition to some beneficial advise and general information.

3-  Simulation of the basic banking transactions aiming to involve the users (students) in actual banking practices, including the process of opening an account, depositing and withdrawal etc.

4-   The students will undergo a simple business experience that is of a limited duration through which they will learn how to make money and to have direct dealings with the external environment (suppliers and customers).

5-     Reyadee program will be available in app stores (IOS, Android).

6-    Reyadee program enables collaboration between the user (student) and the parent or guardian, where some of the financial transactions through the application requires the consent of the parents to become activated so as to be entered in the system.

7-    Reyadee program for Financial and Banking Knowledge offers field activities at the offices of the partners of Reyadee program.

8-   Reyadee program offers the feature of (Chatting) between the users within the purview of the Group.

9-   Reyadee program for Financial and Banking Knowledge offers a page for supervisors including reports on the performance and achievements of all the users within the purview of the group. Moreover, the feature of direct messaging with the user (student) is also available.

  A Certificate will be granted to every user (student) who successfully completes the lessons of the program.


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