AVP, Shariah Advisory - Consumer Banking

The purpose of the job is to assist in managing and delivering Shariah advisory support to Consumer Banking on the development review structuring documentation and implementation of Islamic banking products services and related initiatives in accordance with the resolutions and directives of the Internal Shariah Supervision Committee ISSC the Higher Shariah Authority HSA and applicable regulatory requirements In addition the role is responsible for coordinating and performing ISSC secretariat activities conducting Shariah research and analysis supporting policy and procedural reviews and facilitating Shariah training and awareness initiatives across the Bank The jobholder will contribute to the effective implementation of the Bank s Shariah governance framework and support adherence to the requirements of the CBUAE Shariah Governance Standard and other relevant regulatory expectations

• Support the provision of Shariah advisory services to Consumer Banking on the development structuring review and implementation of Islamic Consumer Banking products and services ensuring adherence to the resolutions and directives of the Higher Shariah Authority HSA Internal Shariah Supervision Committee ISSC AAOIFI Shariah Standards and applicable regulatory requirements
• Assist in the review of agreements documents instruments process flows and other materials relating to Islamic Consumer Banking products and transactions and provide recommendations to ensure compliance with Shariah requirements
• Review product-related communications branding promotional and marketing materials for Islamic Consumer Banking products to ensure the information presented is accurate appropriate and consistent with Islamic banking principles and approved product structures
• Assist in the review of Standard Operating Procedures SOPs process documents accounting treatments and system configurations relating to Islamic Consumer Banking products from a Shariah compliance perspective
• Coordinate the administrative and secretarial functions of the Internal Shariah Supervision Committee ISSC including scheduling meetings preparing agendas compiling submission papers and ensuring timely circulation of meeting materials
• Prepare draft minutes of ISSC meetings maintain records of decisions action items and resolutions and monitor timely completion of follow-up actions
• Support the preparation issuance and maintenance of ISSC resolutions pronouncements approvals and other Shariah governance documentation
• Maintain records and databases relating to ISSC submissions resolutions pronouncements meeting minutes and other approved Shariah governance documents ensuring completeness accuracy and accessibility
• Coordinate approval-by-circulation exercises and assist in ensuring matters approved outside meetings are appropriately documented and ratified by the ISSC
• Assist in maintaining relevant corporate records relating to the ISSC including committee charters appointment documentation regulatory approvals and related governance records
• Support the preparation of the ISSC Annual Report and other governance-related reports presentations and submissions as required
• Coordinate logistics for ISSC meetings including travel arrangements meeting venues documentation invoicing and administrative matters relating to ISSC members
• Assist in identifying coordinating and administering Shariah training and awareness programmes for relevant employees involved in Islamic banking activities including maintaining training records and assessment results
• Support the development and dissemination of Shariah awareness materials guidance notes newsletters publications and educational content to promote understanding of Shariah requirements within the Bank
• Conduct Shariah research on matters relevant to the Bank s Islamic banking operations and assist in the preparation of research papers technical analyses and discussion materials for review by the ISSC and Head of Internal Shariah Control
• Gather and analyse relevant references resolutions standards fatwas and industry publications issued by the HSA AAOIFI IFSB ISRA International Islamic Fiqh Academy and other recognised bodies to support Shariah advisory and research activities
• Assist the Head of Internal Shariah Control and relevant Shariah Advisory personnel in maintaining and enhancing the Bank s Shariah Governance Framework and related governance processes
• Collaborate with Shariah Compliance Internal Shariah Audit and…