MAIN FUNCTIONS OF THE JOB
SHARIAH MEETINGS: ALBARAKA BANK AND OLD MUTUAL ALBARAKA UNIT TRUST FUNDS
Prepares reports, presentations, and other documentation required for Shariah meetings.
Drafts agendas and accurately record minutes for Shariah meetings.
Prepares and compiles of Shariah meeting packs and supporting documentation.
Attends Shariah meetings and provides administrative and technical support as required.
Compiles, maintains, and circulates resolutions of the SSB.
Coordinates and facilitates Shariah SSB meetings, including scheduling, logistics, and stakeholder communication.
RESEARCH AND DEVELOPMENT
Conducts research to support the development, enhancement, and review of Islamic banking products and services.
Assists with the planning, coordination, and project management of new and existing products, services, and strategic initiatives.
Supports the drafting, review, and analysis of legal agreements and related contractual documentation.
Develops, maintains, and updates Shariah compliance checklists, policies, procedures, and governance frameworks.
Conducts research, analyses, and reports on developments, emerging trends, and best practices within the Islamic finance industry.
Reviews Islamic legal rulings (fatawa) and court judgments and prepares concise summaries, analyses, and recommendations for business application.
Prepares and publish articles, thought leadership pieces, and educational content on Islamic banking and finance for internal and external stakeholders.
Develops, coordinates, and delivers Shariah training programmes for employees across the Bank.
Prepares and updates training materials, presentations, guidance notes, and educational resources on Islamic banking and finance.
Conducts induction training for new employees on Shariah principles, governance requirements, and Islamic banking products.
Provides ongoing Shariah awareness sessions to enhance staff understanding of Shariah compliant banking practices.
Assesses training needs and recommend initiatives to strengthen Shariah knowledge and competency across business units.
Maintains records of Shariah training activities, attendance, assessments, and competency outcomes.
Provides Shariah advisory support and practical guidance to business units and internal stakeholders on products, transactions, operational matters, customer queries, and Shariah compliance requirements.
Reviews operational processes and procedures to ensure alignment with Shariah requirements and approved SSB rulings.
Assists business units in implementing SSB resolutions, recommendations, and corrective actions.
Supports the investigation, reporting, and remediation of Shariah non-compliance events and operational issues.
Collaborates with operational teams to identify and address Shariah compliance risks within business processes.
Assists in developing and maintaining operational manuals, standard operating procedures, and Shariah guidance documents.
Monitors regulatory, industry, and Shariah governance developments and communicate relevant updates to stakeholders.
Promotes a culture of Shariah compliance and ethical conduct throughout the organisation.
QUALIFICATIONS AND REQUIREMENTS
A minimum of two (2) years' relevant experience in Islamic banking, Shariah advisory, Shariah compliance, legal, accounting, finance, or a related field.
An advanced qualification in Shariah Law is required. To perform the role at the highest level of competence, a complementary qualification in conventional law, accounting, finance, or a related discipline will be advantageous.
Albaraka Bank is an Equal Opportunity Employer. Applicants from previously disadvantaged groups and people with disabilities will be given preference.
