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Vacancy
1 Vacancy
Job Description
Roles & Responsibilities
Job Requirements:
- Hold a university degree in Islamic Shariah or a relevant specialization.
- Possess a professional certification in Islamic finance and/or Client’s, such as AAOIFI, CIBAFI, in addition to a recognized professional insurance certificate issued by a local or international organization.
- Have at least 10 years of experience in Shariah supervision within Islamic Financial institutions including at least 5 years Shariah supervision in Client’s insurance.
- Excellent proficiency in both English and Arabic.
Desired Candidate Profile
Governance & Compliance
- Ensure that the company’s operations, contracts, and product offerings comply with the principles of Islamic Shariah.
- Develop and oversee the implementation of a comprehensive Shariah governance framework in line with Central Bank standards and AAOIFI guidelines.
- Monitor the implementation of Fatwas, guidelines, and decisions issued by the ISSC.
- Identify any Shariah non-compliance issues and recommend appropriate corrective actions.
ISSC Secretariat & Liaison
- Act as the secretary and coordinator for the Internal Shariah Supervision Committee.
- Prepare and submit documentation and reports for ISSC meetings.
- Ensure timely execution of ISSC resolutions and provide periodic reports to senior management.
Shariah Consultation and Research
- Provide expert Shariah consultation to various departments, particularly in underwriting, investment, claims, and product development.
- Conduct Shariah research to support innovation and ensure alignment with contemporary Islamic finance practices.
- Contribute to the development of new Shariah-compliant concepts and business strategies.
Shariah Reviews & Audits
- Lead periodic Shariah reviews and audits to evaluate compliance in underwriting, investments, re-Client’s, claims processing, and all operational activities.
- Identify Shariah non-compliances and propose corrective measures.
Product Review & Approval
- Review and approve new and existing Client’s products and services from a Shariah perspective.
- Work closely with the Product Development and Legal departments to ensure all documentation (contracts, policies, brochures) align with Shariah rulings.
Training & Awareness
- Conduct internal training programs and awareness sessions for staff on Shariah compliance and Client’s principles across the Company.
Regulatory Reporting
- Ensure timely submission of all required Shariah compliance reports to the Central Bank and other regulatory authorities.
- Keep abreast of regulatory changes and ensure the company’s Shariah practices are aligned with updated laws and guidelines.
Employment Type
- Full Time
Company Industry
Keywords
- Sharia Compliance
- Sharia Specialist
- Islamic Finance
- Sharia Auditor
- Islamic Finance Officer
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SUNDUS MANAGEMENT CONSULTANCY & STUDIES BUREAUL.L.C
Rec Agency
Mr Sufyan - Consultant
Abu Dhabi Sharjah, Abu Dhabi, United Arab Emirates (UAE)
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