Job Purpose:

Ensure comprehensive compliance with Sharia principles across all corporate financial activities, products, and services. Conduct thorough Sharia audits and assessments to identify, evaluate, and address areas of non-compliance, ensuring compliance with regulatory and SSB guidelines and resolutions. Collaborate with Head of Sharia Audit to provide actionable recommendations for improving governance and compliance frameworks within corporate settings. Maintain Sharia Audit in-house risk management strategies tailored to mitigate Sharia non-compliance risks, contributing to the organization's overall strategy. Drive continuous improvement through regular monitoring and updating of worksheets, procedures, and department policies to align with SSB Resolutions, emerging Islamic finance standards and best practices.

Responsibilities:

Reviewing corporate business operations:

• Conduct detailed reviews of corporate product transactions, including Goods Murabaha, Ijara, Wakala Bil Istithmar/Sukuk, Funds, and syndication contracts, ensuring Sharia compliance.
• Collaborate with Head of Sharia Audit to prepare responses to CBO/Audit reports related to Sharia issues.
• Compile and analyse statistics on executed and audited transactions.
• Review and update SOPs, PPDs, and PDMs to incorporate Sharia controls, ensuring non-compliance risks are mitigated.
• Communicate and resolve Sharia observations
• Coordinate with relevant department managers to resolve identified Sharia compliance issues.
• Collaborate with the IT Department to ensure product executions eliminate potential Sharia-sensitive elements.
• Review IT systems
• Evaluate banking system developments, ensuring Sharia compliance by preparing comprehensive checklists for all products, systems, and MIS reporting requirements. Review I.T. banking policies and procedures, and draft Sharia audit reports.
• Attend SSB and Ex-Com meeting
• Attend SSB and Sharia Ex-com meetings to present sharia audit report. Follow up on rectifications for previous SSB observations and provide updates to the relevant stakeholders. Assist with other tasks assigned by the Head of Sharia Audit Unit or ISR.

Education

• Essential (E): Bachelor’s or Master’s degree in Business, Sharia, or Law.
• Desirable (D): Masters in Sharia or Islamic Finance or law with experience in Islamic bank.

Professional Qualification

• Essential (E): Certified Sharia Advisor & Auditor (CSAA) ,CIB by AAOIFIDesirable (D): CSAA,CIPA, CIA, CIFR.

Experience

• 8 years
• Minimum of 5 years working as a Sharia Audit in a bank. Preferably in Corporate Audit.

Skills & Knowledge

• Professional writing skills in English and Arabic.
• Ability to understand and analyze financial statements.
• Ability to use MS office comfortable and professionally.
• Strong foundation in Islamic Jurisprudence (Usul al-Fiqh) and Islamic Transaction/Commercial Law (Fiqh al-Muamalat), with the ability to apply these principles effectively in auditing and compliance.
• Comprehensive knowledge of IBRF (Islamic Banking Regulatory Framework), including the Central Bank of Oman (CBO) guidelines, AAOIFI Standards, and other relevant regulations, with familiarity in international standards such as the IFSB.
• Proven ability to manage complex Corporate and Retail audits, provide strategic recommendations, and collaborate effectively with the Sharia Supervisory Board (SSB), department managers, and other stakeholders to ensure a robust Sharia governance framework.
• In-depth knowledge and practical experience in Internal Sharia Audit, with a proven ability to review and evaluate IT systems for compliance with Islamic product structures and operational requirements.
• Leadership and reporting acumen, ensuring timely and high-quality audit reports are prepared and communicated to the Head of Sharia Audit, management, and regulatory bodies as required.