Sharia Compliance

Job Code: 5497Job Title: Sharia AuditLocation: Abu DhabiEntity: InsuranceAbout The JobWe are seeking a dynamic and experienced professional to lead our Shariah Control Department. This pivotal role ensures that all company activities, products, and services are fully compliant with Islamic Shariah principles and the regulations set by the Central Bank and other relevant authorities.As the lead in Shariah Control department, you will act as the primary liaison between the company’s executive management and the Shariah Committee. You will provide strategic guidance, lead Shariah reviews and audits, and oversee the implementation of all Shariah resolutions across the organization.Job ResponsibilitiesGovernance & ComplianceEnsure that the company’s operations, contracts, and product offerings comply with the principles of Islamic Shariah. Develop and oversee the implementation of a comprehensive Shariah governance framework in line with Central Bank standards and AAOIFI guidelines. Monitor the implementation of Fatwas, guidelines, and decisions issued by the ISSC. Identify any Shariah non-compliance issues and recommend appropriate corrective actions. ISSC Secretariat & LiaisonAct as the secretary and coordinator for the Internal Shariah Supervision Committee. Prepare and submit documentation and reports for ISSC meetings. Ensure timely execution of ISSC resolutions and provide periodic reports to senior management. Shariah Consultation and ResearchProvide expert Shariah consultation to various departments, particularly in underwriting, investment, claims, and product development. Conduct Shariah research to support innovation and ensure alignment with contemporary Islamic finance practices. Contribute to the development of new Shariah-compliant concepts and business strategies. Shariah Reviews & AuditsLead periodic Shariah reviews and audits to evaluate compliance in underwriting, investments, claims processing, and all operational activities. Identify Shariah non-compliances and propose corrective measures. Product Review & ApprovalReview and approve new and existing products and services from a Shariah perspective. Work closely with the Product Development and Legal departments to ensure all documentation (contracts, policies, brochures) align with Shariah rulings. Training & AwarenessConduct internal training programs and awareness sessions for staff on Shariah compliance and company’s principles.Regulatory ReportingEnsure timely submission of all required Shariah compliance reports to the Central Bank and other regulatory authorities. Keep abreast of regulatory changes and ensure the company’s Shariah practices are aligned with updated laws and guidelines.