Shari’ah Compliance Officer

Job Description

About the role

Join Us as a Shariah Compliance Officer

Step into a pivotal role where youll report directly to the Head of Internal Shariah Control Department and collaborate closely with cross-functional teams to uphold the integrity of Islamic banking practices. Your mission will be to ensure RAKislamics full compliance with Shariah principles and regulatory mandates, driving excellence across products, operations, and conduct.

What Youll Be Doing:

• Conduct comprehensive Shariah compliance reviews across Islamic banking products and operations, aligned with CBUAE regulations, HSA resolutions, and ISSC guidelines.
• Identify and report non-compliant matters, ensuring timely remediation and resolution.
• Prepare and submit detailed compliance reports to ISSC, GCCO, GCRO, and GCEO.
• Disseminate Shariah compliance updates and requirements to relevant departments, business units, and branches.
• Support resolution of customer complaints related to Shariah compliance.
• Contribute to risk management, Shariah consultation, and R & D within the Internal Shariah Control Department.
• Apply legal documentation, pricing structures, risk mitigation strategies, and regulatory requirements in practice.
• Develop and oversee departmental compliance monitoring frameworks and ensure adherence to legal and regulatory obligations.
• Participate in risk mitigation planning, process analysis, and stakeholder support to ensure alignment with Shariah principles.
• Continuously enhance personal knowledge and skills to meet evolving business needs.

What Were Looking For:

• Education: Bachelors degree in a relevant field.
• Islamic banking certification preferred (AAOIFI, CIBAFI, EIBF).
• Experience: 25 years in Islamic banking or financial institutions.
• Industry Exposure: Strong background in Islamic finance and regulatory compliance.
• Familiarity with banking operations and product structures.

Whats In It For You:

• Competitive, performance-linked compensation.
• Medical coverage for you and your family.
• Comprehensive life insurance.
• Inclusive and diverse workplace culture.
• Career development and fast-track growth opportunities.
• Mentorship from industry experts.

Skills:

• Excellent communication and presentation skills.
• Ability to create clear and concise documentation.
• Analytical thinking and detail-oriented approach.
• Ability to innovate while fostering cross-functional collaboration.