Expert Shariah Advisor

To provide consultative and advisory services in Shari’ah compliance related to Islamic Banking and Finance, within specific strategies that serve the goals and objectives of the Division and meet the vision of IRTI in its gradual movement to become a distinct Advisory Body for the IDB Group stakeholders as well as its Member Countries.

Responsibilities: Liaise with Management on the conceptualization and design of new financial products and services Conduct extensive market research and undertake feasibility studies to identify new Shari’ah compliant products and services Ensure Shari’ah compliance issues for all new products and services being launched by the bank are adhered to minimizing Islamic Development Bank (IDB) Group’s exposure to compliance risk Supervise Shari’ah fields and work on improving the Shari’ah products and services in order to enhance the customer relation between the Division and existing and potential clients. Develop and build Shari’ah compliant range of Islamic financial products and services based on market and stakeholders’ needs, both on the state level and institutional or organizational level Follow the development of new Islamic products and services offered by competition Review contracts, documents, and modes of financing and investment with reference to the rulings of Fatwa Committee Ensure conformity with Shari’ah principles in order to reach the maximum efficiency and accuracy of the Shari’ah compliant products in the market. Provide required capacity building in Shari’ah-based functions and relations Develop appropriate frameworks for the Shari’ah Management and put it in the overall structure of the Bank. Plan appropriate orientation and training for relevant parties working in the banking and financial fields on scientific and applied aspects of Islamic Banking. Provide advisory services in Islamic Finance within Member Countries, their agencies and private financial institutions Act as consultant/advisor and suggest solutions for problematic issues related to Islamic Finance based on Shari’ah principles, to ensure that Stakeholders needs and goals are met Provide Shari’ah auditing and monitoring services for Islamic financial products and services in order to purify their capital and shareholders’ equity, and to be compliant with Shari’ah guidelines Provide the Service of Shari’ah Compliance Standards Service for the internal and external stakeholders and for IDB restructuring process

Qualification & Experience: Master Degree in Shariah Studies Post Graduate Degree is preferable 4 to 6 years experience in Product Research and Design with major exposure to Islamic Finance products Expert knowledge in Shariah principles applicable to the Islamic Financial Services Industry. Islamic Financial Product Design Capacity Building in Shariah Principles Shariah Auditing and Monitoring Fluent in Arabic and English

Skills & Competencies: Adaptability Building Relationships Motivation to Learn and Share Passion for Excellence Business Product Management Islamic Finance Knowledge Management and Dissemination Bank Knowledge

Additional:

Note: you will be required to attach the following: 1. Resume / CV

Expert Shariah Advisor