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Description
This role is primarily responsible for delivering expert consultations in accordance with the notices, standards, and directives issued by the Higher Shari’ah Authority (HSA), as well as the Fatwas and Resolutions provided by RAKislamic’s Internal Shari’ah Supervision Committee (ISSC).
What You’ll Be Doing:
- Providing expert consultation on contracts, documents, and financial offerings in line with ISSC fatwas and resolutions.
- Reviewing product manuals, policies, procedures, and marketing materials to ensure Shari’ah compliance.
- Advising on the development and customization of Shari’ah-compliant documentation for products and services.
- Supporting internal departments with Shari’ah-related queries and ensuring alignment with regulatory frameworks and AAOIFI standards.
- Offering advisory support to business units and branches to maintain adherence to Shari’ah principles.
- Assisting in resolving customer concerns related to Shari’ah compliance.
- Collaborating with team members across Shari’ah Compliance, Research & Development, Secretariat, and Training functions.
Skills
What We're Looking For:
- Bachelor’s degree in Shari’ah, Islamic Finance, or Business Studies.
- Professional certification such as CSAA, CPSS (AAOIFI), or Islamic banking certification from CIBAFI.
- At least 5 years of experience in Islamic banking, including a minimum of 2 years in a Shari’ah department.
- Deep understanding of Islamic banking structures, Shari’ah governance frameworks, and regulatory requirements.
- Proficiency in Shari’ah principles, AAOIFI standards, and resolutions issued by the HSA.
- Strong analytical, diagnostic, and policy implementation skills.
- Solid knowledge of banking operations, finance, and accounting within an Islamic context.
What’s In It For You:
- Competitive, performance-linked compensation
- Medical coverage for you and your family
- Comprehensive life insurance
- Inclusive and diverse workplace culture
- Career development and fast-track growth opportunities
- Mentorship from industry experts
Opportunity Details
RAKBANK
RAKBANK, the trading name of the National Bank of Ras Al-Khaimah, is a public joint stock company, headquartered in the emirate of Ras Al-Khaimah, in the UAE. The Head Office of the bank is situated in RAKBANK Building, Emirates Rd, Ras Al-Khaimah. The bank is 52.75% owned by the Government of Ras Al-Khaimah.
Shares are publicly traded. Board consists of several members of the ruling family of the emirate of Ras-Al Khaimah and businessmen from UAE and Kuwait. The bank is engaged in providing retail and corporate banking services through a network of thirty three branches in the United Arab Emirates, but all the transactions are handled on a strictly commercial basis.
Board of Directors
H.E. Shaikh Omar bin Saqr Al-Qasimi Chairman U.A.E
H.E. Shaikh Salim bin Sultan Al-Qasimi Member U.A.E
Mr. Hamad Abdulaziz Al Sagar Member Kuwait
Mr. Abdul Aziz Abdulla Al Zaabi Member U.A.E
Mr. Yousuf Obaid Essa Al Nuaimi Member U.A.E
Mr. Ahmed Essa Al Naeem Member U.A.E
Mr. Salem Ali Abdulla Saeed Al Sharhan Al Nuaimi Member U.A.E