Job Detail

Head of Shariah

Date Posted: Apr 10, 2023
Views: 3880

Job Detail

  • Location:
    Kabul
  • Company:
  • Type:
    Contract
  • Shift:
    First Shift (Morning)
  • Career Level:
    Experienced Professional
  • Positions:
    1
  • Vacancy number:
    IBA/HRD/02
  • Experience:
    10 Year
  • Gender:
    Any
  • Salary:
    As per Company salary scale
  • Degree:
    Masters
  • Apply Before:
    Apr 30, 2023

About Islamic Bank of Afghanistan

One of the leading Islamic banking and finance institutions in Afghanistan, Islamic Bank of Afghanistan has been serving as a banking organization integrated with the Law of Banking in Afghanistan and licensed under Da Afghanistan Bank (DAB). Since 2009, Islamic Bank of Afghanistan has been working under the acquisition of Azizi Group, a 100% subsidiary of Azizi Bank. As of now, the IBA has established 62 branches across the country with over 800 highly trained and skilled professionals. The bank is committed to foster a sound financial body with a vision to ensure the greatest safety and security to its clientele.

Job Description

Support the bank in the conversion process to Islamic banking, and ensure that all the units (Shariah audit, shariah review, shariah advisory, shariah risk, shariah research, and shariah compliance) are working as per bank policy procedure and DAB requirements. Assist the Sharia board in the bank sharia related frameworks and policies with reference to Islamic law, guidelines and international sharia standard for Islamic banking.

Duties & Responsibilities

  • Act as the secretariat for Shariah Board.
  •  Prepare Shariah audit plan and conduct Shariah Audit to ensure Shariah compliance.
  •  Prepare Shariah review plan and conduct Shariah Review to ensure Shariah compliance.
  •  Provide Shariah advisory role to the management in all aspect to ensure Shariah compliance.
  •  Conduct Shariah training on Islamic finance, AAOIFI standards, product structure and Shariah compliance for the Bank’s staff.
  •  Organize and conduct public awareness campaign for the Bank.
  •  Conduct Shariah Research role and Assist in Shariah Risk Management role.
  •  Act as the focal point for all communication between management and the Shariah Board and board of supervisor.
  •  Act as the focal point for all communication with DAB, Islamic banking department.
  •  Conduct market survey and research to monitor trends in demand and come up with new and innovative Shariah-compliant products.
  •  Prepare concept paper, internal evaluation and business case for new product to management committee for approval.
  •  Prepare product manual for endorsement of Shariah Board and Board of Directors.
  •  Coordinate with relevant department e.g. IT and legal department to prepare system and legal documents for the new product.
  •  Conduct training for Business and Marketing staff on the new products.
  •  Coordinate with Marketing Unit in organizing product launching events and prepare marketing materials

Job Requirements

  • • Education: MA or BA in Islamic Banking and Economics or Islamic Shariah Audit, Accounting, Banking or Risk Management. Professional training or certificates in Islamic related field
  • • Experience: At Least 10 Years of Shariah Auditing and banking experience within the Islamic banking industry, and at least worked for 5 years on product development and investment level
  • • Excellent written and verbal communication Skills
  • • Through knowledge of Islamic Baking industry, AAOIFI standards
  • • Understanding of trading and operational processes of Islamic Banking and Conventional 
  • • Strong Leadership and internal personnel abilities
  • • Advanced knowledge of Financial Management

Skills Required

Submission Guideline:

Interested candidates should to send their CV vacancy@ibafg.af and must copy info.ibfd@dab.gov.af

Submission Email:

hrd@ibafg.af

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Company Overview

, Afghanistan

One of the leading Islamic banking and finance institutions in Afghanistan, Islamic Bank of Afghanistan has been serving as a banking organization integrated with the Law of Banking in Afghanistan and licensed under Da Afghanistan Bank (DAB). Since 2... Read More

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