Durban Tel: 031 566 4257

Johannesburg Tel: 011 440 7117

Cape Town Tel: 021 794 7475

International Tel: 0027 87630 0325

Shariah Advisor – SSSA

Main job function
CORE PURPOSE OF THE JOB

To provide Shariah advisory, assurance, and oversight in terms of AAOIFI Shariah Standards as interpreted by the Shariah Supervisory Board.
• Prepares primary reports and submissions to the Shariah Board.
• Prepares draft agendas and minutes of Shariah meetings.
• Attends and provides input at Shariah meetings as and when required.
• Prepares primary reports and submissions to the Shariah Board.
• Prepares draft agendas and minutes of Shariah meetings.
• Attends and provides input at Shariah meetings as and when required.
• Conducts primary research for the development of new products and for enhancement of existing products.
• Assists in project management of new products and enhancement of existing products and services.
• Assists in drafting and analyzing legal agreements.
• Develops Shariah checklists, procedures and policies for the different products and services.
• Engages in ongoing research and gathers information and reports on new trends in the Islamic financial industry.
• Examines existing compilations of Islamic rulings (fatawa) and related research papers and prepares summary reports on findings to the bank.
• Prepares articles on contemporary issues related to Islamic banking and finance with a view to publish them on the banks Newsletter and/ or External Media.

SHARIAH TRAINING AND OPERATIONAL SUPPORT

• Develops training material and provides training to employees.
• Provides guidance and support to consultants on Shariah related matters.
• Attends to client’s Shariah related queries.
• Assists in all matters related to Shariah compliance of the bank and any other investments submitted to Shariah department for review and/or guidance.

QUALIFICATIONS

• An advanced qualification in Shariah Law and relevant qualification in conventional law and/or finance will be required to meet the requirements of the role at the highest level of competence.

PREFERRED EXPERIENCE

• A minimum of 2 years of relevant experience in the financial services industry.

KNOWLEDGE

• Islamic Commercial Law
• Understanding of Islamic finance product structures
• Islamic research analysis skills
• Islamic product development skills
• Awareness of industry trends, constraints, and opportunities
• General Shariah, legal, finance and accounting skills
• Computer and information technology literacy

Remuneration: Market Related

A Consultant will be in touch if you are shortlisted for the position. Please consider your application unsuccessful should you not have been contacted within 2 weeks. We will keep your CV on our database and contact you should you match the criteria of any other vacancies.

To apply for this job email your details to sharonsmit@armstrongappointments.com