Shariah Advisor

Durban
- Posted 12 hours ago

**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