Sharia Compliance Lead – Internal Sharia Controls (United Arab Emirates)

RAKBANK

Requirements

Candidates must hold a bachelor’s degree and a relevant professional certification such as CSAA or CPSS. A minimum of 5 years of experience in Sharia compliance, audit, or Islamic banking is required, along with strong analytical and communication skills.

Job Summary

About the Role:

As a Shari’ah Compliance Officer, you will be responsible for ensuring the
Bank’s Islamic banking products, operations, and activities remain compliant
with Shari’ah principles and regulatory requirements. You will conduct Shari’ah
reviews, monitor adherence to guidelines issued by the Central Bank of the UAE,
Higher Shari’ah Authority (HSA), and Internal Shari’ah Supervision Committee
(ISSC), and support the implementation of effective Shari’ah governance across
the organization. The role requires close collaboration with business,
operations, compliance, risk, and product teams to identify and address Shari’ah
compliance matters while supporting the Bank’s Islamic banking objectives.

What You Will Be Doing:

1. Shari’ah Compliance Review

* Conduct Shari’ah compliance reviews of Islamic banking products,
transactions, processes, and operations.
* Ensure adherence to Shari’ah governance standards, HSA directives, and ISSC
resolutions.
* Identify, report, and follow up on Shari’ah non-compliant matters and
remediation actions.

2. Governance & Advisory

* Provide Shari’ah guidance and support to business units and stakeholders.
* Review internal documents and provide recommendations from a Shari’ah
compliance perspective.
* Assist in implementing regulatory and Shari’ah governance requirements across
the Bank.

3. Reporting & Monitoring

* Prepare Shari’ah compliance reports for senior management and relevant
committees.
* Maintain records of Shari’ah reviews, findings, and corrective actions.
* Support the preparation and execution of the annual Shari’ah review plan.

4. Stakeholder Engagement

* Work closely with Products, Sales, Operations, Compliance, Risk, and other
internal stakeholders.
* Communicate Shari’ah compliance requirements and updates across business
units and branches.
* Support the resolution of customer complaints related to Islamic banking
compliance matters.

5. Regulatory Compliance

* Monitor compliance with UAE Central Bank regulations relating to Islamic
banking.
* Ensure implementation of resolutions issued by the Higher Shari’ah Authority
and Internal Shari’ah Supervision Committee.
* Support continuous enhancement of the Bank’s Shari’ah governance framework. 

What We’re Looking For:

Minimum Qualification:

* Bachelor’s degree in a relevant discipline.
* Certified Shari’ah Advisor & Auditor (CSAA), Certification of Proficiency in
Shari’ah Standards (CPSS), Islamic Banking Certification from CIBAFI, or an
equivalent qualification.
* Minimum 5 years of experience in Shari’ah Compliance, Shari’ah Audit, Islamic
Banking, or a related advisory/consultancy role. 

What You Should Have:

* Strong understanding of Shari’ah principles and their application within
Islamic Banking.
* Knowledge of Islamic banking products, services, operations, and regulatory
requirements.
* Understanding of Shari’ah Governance Standards and compliance frameworks.
* Strong analytical, research, and problem-solving skills.
* Policy development and implementation capabilities.
* Effective stakeholder management and communication skills.
* Strong English and Arabic drafting and reporting abilities.

Responsibilities

The Sharia Compliance Lead is responsible for ensuring the bank’s Islamic products and operations adhere to Sharia principles and regulatory requirements. This role involves conducting compliance reviews, providing advisory support to internal stakeholders, and monitoring adherence to directives from the Higher Sharia Authority.

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