Officer, Sharia Consultations – Policies and Procedures - Arabic Speaker

Role Purpose:

• Assist in reviewing the Policies and Procedures, non-standard business agreements and other assigned documents in the Bank

Responsibilities:

Assist in the Shari’a review of Policy and Procedure, Non-Standard Business Agreements and any other assigned duties/documents efficiently and effectively based on the Shari’a Review Policy in consultation and direction of Line manager, to ensure they are following the approved related Product Programs, Shari’a guidelines, Shari’a Board Resolutions and AAOIFI Shari’a Standards.

Requirements

As an Assistant of Shari’a Review, must prepare for review conduct by:

• Participate in developing an understanding of activities/ processes carried out by business.

• Assist in defining / revising /updating the Shari’a risk and controls for all the activities / processes subject to Shari’a compliance.

• Compiling and reviewing the Fatwa & Shari’a Supervisory Board Resolutions before any given assignment. Also ensure that the resolutions are incorporated in Policies & Procedures and other documents.

• Selecting the samples of executed transactions in consultation with Line manager.

• Completing the assigned duties with projected time scale and that any variance been properly justified to the team leader.

• Enhancing decision making skills.

• Identify Shari’a issues /violations (if any) in the documents and discuss them with Line Managers.

• Assist in preparing general and specific Shari’a guidelines for different business segments

• Propose Shari’a solutions/amendments in the documents after discussing with Line Managers.

• Share Shari’a approvals obtained from Line Managers on the reviewed documents with Businesspersons/ Concerned department.

• Maintain and update the in-house filing system records and soft copy scans of all reviewed and approved documents (policy and Procedures, agreements, guidelines, and other relevant documents).

• Achieve high standards of behavioralcompetencies according to the competencies defined by line management.

• Keep a constructive working relationship with other stakeholders to achieve the overall objectives.

• Maintain excellent teamwork environment and team spirit.

• Develop very good efficient and professional oral and written communication skills.

• Ensure that information and other documents for Shari’a review are adequately protected and secured throughout the assignment.

• Comply with any additional tasks which could be assigned by the Line Manager from time to time.

• Handle any other relevant tasks assigned by the Head of Shari’a Compliance Department.

Benefits

Specialist Skills / Technical Knowledge Required for this role:

• Comprehensive understanding of Islamic Transactions and Commercial Law.

• Overall understanding of banking functions and operations.

• Ability to understand the business environment.

• Sufficient knowledge of Word and Excel.

• Art of draft/amendment of the Policies and Procedures.