Shariah Compliance Officer - Nairobi at Inkomoko

About the Opportunity

We are looking for a motivated and experienced Shariah Officer (SO) to join our team! You will be responsible for ensuring compliance with Islamic principles in investment activities and operations in the organization.

You will play a key role in advising on the Shariah-Compliance of products, services, and investments, and provide guidance to the organization to ensure adherence to Shariah laws and regulations. The following responsibilities and qualifications typically associated with Shariah Officer.

Responsibilities

• Shariah Compliance: Monitor and ensure that all financial activities of the organization are in line with Shariah principles and guidance.
• Risk assessment: Conduct periodic reviews and audits to identify potential risk and non-compliance with Shariah principles and regulations.
• Product Development: Provide advice and input on the development of Shariah-Compliant-products, service and investment activities.
• Research: Stay updated with current developments and trends in Islamic finance and Shariah-compliant practices.
• Documentation and reporting: Prepare reports, documentation, and ensure proper record-keeping to demonstrate the organization’s adherence to Shariah Compliance.
• Shariah Audit: Coordinate and facilitate internal and external Shariah audits to assess the organization’s compliance with Shariah requirements.
• Training and Education: Conduct training sessions and workshops to educate employees and stakeholders on Shariah principles and Islamic Finance.

Minimum Qualifications

The ideal candidate will fulfill the following requirements:

• Minimum of a Bachelor’s Degree in a related field
• A minimum of 4 years of experience in a Islamic Finance.
• Understands all shariah finance contracts and and execution
• Excellent communication skills, both verbal and written in English & Swahili. Local language is an added advantage.
• Understanding of micro-businesses, loans and savings products will be an addition.
• Strong understanding of Islamic finance principles and Shariah jurisprudence, with the ability to interpret and apply them in organization’s activities.
• Professional Qualifications. Relevant certificates or qualifications in Islamic finance, Shariah compliance or related fields would be an advantage.
• Excellent computer skills, especially with MS Excel and Word
• Strong interpersonal skills.
• Strong presentation and organizational skills
• Ability to work well in a team environment and in a fast-paced environment
• Critical-thinker and problem-solver
• Shows perseverance, personal integrity, and critical thinking skills