Shariyah Manager

The Shariah Manager will lead the development, structuring, and restructuring of financial products and business processes to ensure Shariah compliance while maintaining commercial viability, operational practicality, and a positive client experience.

The role requires a hands-on product development professional with proven experience designing, structuring, restructuring, and implementing Islamic financial products. The successful candidate must understand existing conventional product structures, identify Shariah issues, and work collaboratively with business, Shariah scholars, Legal, Risk, Compliance, Finance, Operations, and Technology teams to develop practical alternative structures.

This is not solely a Shariah compliance or monitoring position. The role requires a solution-oriented product expert who can translate Shariah principles and Shariah Committee guidance into commercially viable products, documented processes, system requirements, and executable operating models.

The candidate must be an excellent communicator, collaborative team player, and persuasive presenter who can explain and defend proposed product structures to senior management, business teams, and the Shariah Committee.

• Lead the development, structuring and restructuring of financial products and services in accordance with applicable Shariah principles.
• Review existing conventional products and processes and develop practical alternatives to achieve Shariah compliance.
• Assess the complete product lifecycle, including client onboarding, contractual arrangements, transactions, fees, revenue flows, settlement, accounting treatment and operational processes.
• Develop alternative product structures where existing arrangements contain Shariah concerns or limitations.
• Evaluate proposed structures from Shariah, commercial, operational and client-experience perspectives.
• Translate approved product concepts into clear product structures, process flows, business requirements and implementation plans.
• Maintain strong awareness of developments and innovation in Islamic finance and identify structures that may be adapted to the company's business model.

• Play a leading role in the company's Shariah transformation initiatives, particularly where existing products, revenue arrangements or processes require restructuring.
• Perform product-level gap assessments and identify the specific elements requiring modification.
• Develop practical solutions for restructuring product economics, fees, contractual relationships, transaction flows and supporting processes.
• Develop multiple structuring alternatives where appropriate and clearly articulate the advantages, limitations, risks and implementation requirements of each option.
• Ensure proposed structures can be practically implemented through the company's systems, operations, accounting and control environment.
• Coordinate the transition from approved concept to product launch and post-implementation review.

• Work closely with the Shariah Committee and Shariah advisors to obtain guidance and approval for new and restructured products.
• Prepare high-quality product concept papers, structure diagrams, transaction flows, contractual arrangements and supporting analysis for Shariah Committee consideration.
• Present proposed structures clearly and persuasively and respond effectively to technical and commercial questions.
• Translate Shariah Committee decisions into practical product and process requirements.
• Track conditions attached to Shariah approvals and ensure their incorporation into the final product design.

• Work closely with Business, Product, Legal, Risk, Compliance,…