Head of Shariah control Audit Insurance Background Sundus Consultancy

About the Role

We are seeking a highly skilled and experienced professional to lead our Shariah Control Department. This

pivotal role ensures that all company activities, products, and services strictly comply with Islamic Shariah

principles as well as the regulations set by the Central Bank and other relevant authorities.

As the department lead, you will act as the primary liaison between executive management and the Shariah

Committee, providing strategic guidance, overseeing Shariah reviews and audits, and ensuring the effective

implementation of all Shariah resolutions across the organization.

Key Responsibilities

Governance & Compliance

• Ensure full compliance of company operations, contracts, and products with Islamic Shariah

principles.

• Develop and oversee a robust Shariah governance framework in line with Central Bank standards

and AAOIFI guidelines.

• Monitor and ensure implementation of Fatwas, guidelines, and ISSC Internal Shariah Supervision

Committee decisions.

• Identify Shariah non-compliance issues and recommend corrective measures.

ISSC Secretariat & Liaison

• Act as secretary and coordinator for the Internal Shariah Supervision Committee.

• Prepare and present reports and documentation for ISSC meetings.

• Ensure timely execution of ISSC resolutions and provide regular updates to senior management.

Shariah Consultation and Research

• Provide expert Shariah advice to underwriting, investment, claims, and product development

teams.

• Conduct research to support innovation and alignment with contemporary Islamic finance

practices.

• Contribute to developing new Shariah compliant strategies, concepts, and products.

Shariah Reviews and Audits

• Lead periodic Shariah audits to evaluate compliance across underwriting, investments, re Company, claims, and operations

• Identify and report non compliances with recommendations for corrective actions.

Product Review and Approval

• Review and approve new and existing Company products and services from a Shariah perspective.

• Collaborate with Product Development and Legal teams to ensure contracts, policies, and

marketing materials comply with Shariah rulings.

Training and Awareness

• Design and deliver internal training sessions on Shariah compliance and Company principles.

• Build awareness across departments on the importance of Shariah adherence.

Regulatory Reporting

• Prepare and submit Shariah compliance reports to the Central Bank and regulatory bodies.

• Stay updated on regulatory changes and align company practices accordingly