HEAD OF SHARIA INTERNAL CONTROL
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Key skills for this role
About the Role
Takaful Emarat is seeking a Head of Sharia Internal Control to lead Sharia governance and compliance. The role requires developing and maintaining the Sharia governance framework, ensuring compliance with CBUAE regulations, and providing advisory support.
Key Skills for This Role
Responsibilities
- Develop, implement, and maintain the Company's Sharia governance framework in accordance with CBUAE regulations
- Ensure compliance with Sharia principles across all business operations, products, services, contracts, and processes
- Maintain and continuously enhance the Sharia Governance Manual and related policies and procedures
- Serve as the primary liaison between the Internal Sharia Supervision Committee (ISSC) and business functions
- Conduct periodic Sharia reviews and control assessments to identify and mitigate Sharia non compliance risks
- Prepare and present Sharia compliance reports, findings, and recommendations to senior management, committees, and regulators
- Review and assess new products, services, agreements, and documentation from a Sharia compliance perspective
- Coordinate regulatory inspections and ensure timely submission of all required reports and documentation to the CBUAE
- Develop and deliver Sharia governance and compliance awareness programs for employees, management, and key stakeholders
- Provide Sharia advisory support to departments across the organization
- Identify emerging Sharia compliance risks and integrate mitigation measures into the Company's overall risk management framework
- Stay abreast of developments in Sharia governance standards, regulatory requirements, and Islamic finance practices
Requirements
- Bachelor's Degree in Islamic Finance, Sharia Law, or a related field
- Minimum 5 years of experience in Sharia governance, Sharia compliance, internal control, or Islamic financial services
- Strong knowledge of Sharia principles and their practical application within Takaful and financial services
- Sound understanding of the UAE Sharia Governance Framework and CBUAE regulations
- Proficiency in both Arabic and English is preferred
Full Job Posting
Job Overview
- Seeking an experienced Head of Sharia Internal Control to lead Sharia governance and compliance framework.
Key Responsibilities
- Develop, implement, and maintain the Company's Sharia governance framework in accordance with CBUAE regulations and industry best practices.
- Ensure compliance with Sharia principles across all business operations, products, services, contracts, and processes.
- Maintain and continuously enhance the Sharia Governance Manual and related policies and procedures.
- Serve as the primary liaison between the Internal Sharia Supervision Committee (ISSC) and business functions.
- Conduct periodic Sharia reviews and control assessments to identify and mitigate Sharia non compliance risks.
- Prepare and present Sharia compliance reports, findings, and recommendations to senior management, committees, and regulators.
- Review and assess new products, services, agreements, and documentation from a Sharia compliance perspective.
- Coordinate regulatory inspections and ensure timely submission of all required reports and documentation to the CBUAE.
- Develop and deliver Sharia governance and compliance awareness programs for employees, management, and key stakeholders.
- Provide Sharia advisory support to departments across the organization.
- Identify emerging Sharia compliance risks and integrate mitigation measures into the Company's overall risk management framework.
- Stay abreast of developments in Sharia governance standards, regulatory requirements, and Islamic finance practices.
Qualifications & Skills
- Bachelor's Degree in Islamic Finance, Sharia Law, or a related field.
- Master's Degree or professional certification in Sharia Governance, Islamic Finance, Compliance, or a related discipline is preferred.
- Minimum 5 years of experience in Sharia governance, Sharia compliance, internal control, or Islamic financial services.
- Strong knowledge of Sharia principles and their practical application within the Takaful and financial services industry.
- Sound understanding of the UAE Sharia Governance Framework and CBUAE regulations.
- Experience working with regulatory authorities, Sharia committees, and governance bodies.
- Excellent communication, stakeholder management, and presentation skills.
- Strong analytical, problem solving, and risk assessment capabilities.
- Proficiency in both Arabic and English is preferred.
Why Join Us?
- Play a pivotal role in safeguarding the integrity of our Sharia governance framework.
- Opportunity to work closely with senior leadership, regulators, and Sharia governance bodies.
- Contribute to the continued growth and success of one of the UAE's leading Takaful providers.
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