Shariah Auditor job description

About the job

We are looking for a Shariah auditor to check that the bank's transactions and products follow the Shariah board's rulings, identify breaches and propose how to put them right.

Duties and responsibilities

• Review financing and investment contracts and their documents against the Shariah board's rulings
• Check that financing structures such as murabaha, ijara and musharaka are carried out in the right steps and order
• Draw up and carry out the periodic Shariah audit plan across branches and departments
• Select and test samples of transactions and record the results in working papers
• Identify Shariah breaches and the non-compliant income that must be set aside and given to charity
• Write Shariah audit reports for the Shariah board and management
• Review new products, procedures and forms for Shariah compliance before launch
• Train staff in the Shariah rules for products and transactions

Working conditions

• Visits to branches to audit transactions

Requirements

• Bachelor's degree in accounting or banking, or a degree in Shariah with a knowledge of accounting
• 3 to 6 years of experience in Shariah audit or auditing in Islamic banks

The years of experience follow the level you choose when posting.

Skills

• Islamic commercial jurisprudence
• AAOIFI Shariah standards
• Islamic financing products
• Audit
• Audit working papers
• Report writing
• Integrity and objectivity

Preferred

• The AAOIFI Certified Shariah Adviser and Auditor (CSAA)
• Internal audit experience at a bank
• Good English for reading standards and reports