ZamZam Bank

ZamZam Bank S C is the first bank licensed to operate as full-fledged Interest Free Bank in the country shouldering a huge responsibility for enhancing financial inclusion in Ethiopia

ZamZam Bank S C External Vacancy Announcement

Job Position – Shariah Compliance Officer

Required Qualification and Experience
Education : BA Degree in Economics, Management, Accounting, Law, Islamic Banking & Finance or other related fields.

Responsibility
Ensure the bank’s operations are carried out compliant with the Shariah values, principles, ethical business practices, the bank policies and procedures within the legal framework and shariah requirements.
Work with the product development team faithfully & perform examination on Shariah aspects as per AAOIFI standards & fatwas for each product before its presentation to the Shariah Advisory Committee (SAC) for decision.
Formulate and recommend appropriate Shariah risk management policies and guidelines.
Act as a Secretary to the Shariah Advisory Committee by the role that include coordinating meetings, compiling proposal papers, disseminating Shariah decisions to relevant stakeholders and engaging with relevant parties who wish to seek further deliberations of issues from the Shariah Committee; and
Handles any additional assignments as directed by SAC.

Core Competency
Knowledge in Shariah, which includes study in Usul Fiqh (the origin of Islamic law) or Fiqh Muamalat (Islamic transaction/commercial law).
AAOIFI certification on shariah governance, accounting and/or audit principles and standards is an advantage
Relevant backgrounds such as Islamic Banking & Finance and law, which could support the depth and breadth of the Shariah deliberations.
Analytical and research approach and proactive attitude in managing issues.
Up-to-date with relevant regulatory requirements, guiding principles and guidelines in Islamic Finance and Shariah Parameters
Excellent interpersonal and communication skills including verbal and written, with a strong emphasis on report writing and presentation capabilities.
Previous experience with Islamic financing products or the financial services sector will be an added advantage.
Should be able to demonstrate strong proficiency and knowledge in written and verbal Arabic, and English in addition to local languages.
Number of vacant posts: one
Gender: Male/Female
Employment type: permanent
Place of work: Head Office
Deadline: January 27 , 2024

How to Apply for the ZamZam Bank S C ?
Interested applicants who meet the above requirements can submit their application letter, updated CV and credentials in PDF format by clearly stating the position that you are applying for through the application link https://rb.gy/3rtgvg
within 10 days from the date of announcement.
Only shortlisted applicants will be communicated.

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