Shari'a Compliance Manager – Muzn

<p id="isPasted" fr-original-style="" style="font-size: 14px;">To ensure Shari’a compliance (as manifested by the guidelines and Fatawa issued by the Shari’a Supervisory Board of the Bank and High Shari’a Authority of Central Bank) and Islamic banking stipulations of the Central Bank on a day-to-day basis in all its business activities, operations, and transactions.</p><p fr-original-style="" style="font-size: 14px;"><br></p><p fr-original-style="" style="font-size: 14px;"><br></p><p fr-original-style="" style="font-size: 14px;"><strong fr-original-style="" style="font-weight: 700;">Key Tasks &amp; Duties&nbsp;</strong></p><p fr-original-style="" style="font-size: 14px;"><span style="white-space:pre;">&nbsp; &nbsp;&nbsp;</span>To submit the periodic Shari’a Compliance status reporting to the Bank’s Shari’a Supervisory Board after receiving regular Management Information System (MIS) reports and confirmations from business departments and branches relating to the Shari’a compliance of key transactions and the actions taken to resolve any observations raised by the Shari’a Compliance Unit on operations, products, and procedures.</p><p fr-original-style="" style="font-size: 14px;"><br></p><p fr-original-style="" style="font-size: 14px;"><span style="white-space:pre;">&nbsp; &nbsp;&nbsp;</span>Advice the bank and its external customers with regards to Shari ‘a discipline on a regular basis or when Shari’a queries are raised, taking into account the Shari’a guidelines in general and of the Bank’s SSB in particular.</p><p fr-original-style="" style="font-size: 14px;"><br></p><p fr-original-style="" style="font-size: 14px;"><span style="white-space:pre;">&nbsp; &nbsp;&nbsp;</span>To be extensively involved before any new product or transaction is approved by conducting Shari’a research and formally discussion with Product Development Teams with guidance from Head of Shari’a.</p><p fr-original-style="" style="font-size: 14px;"><br></p><p fr-original-style="" style="font-size: 14px;"><span style="white-space:pre;">&nbsp; &nbsp;&nbsp;</span>To conduct initial review Islamic Legal contracts, policies, procedures, products, process flows, transactions, and Marketing Materials and submission of preliminary analysis to Head of Shari’a and SSB.</p><p fr-original-style="" style="font-size: 14px;"><br></p><p fr-original-style="" style="font-size: 14px;"><span style="white-space:pre;">&nbsp; &nbsp;&nbsp;</span>To review the payment of profit to depositors are done as per Islamic guidelines of profit calculation and payment on periodic basis</p>