Sharia Manager - Islamic Banking
Standard Chartered Bank - DIFC UAE
Total years of experience :22 years, 9 Months
- Provide Islamic Finance Advisory to Retail, Corporate and Investment Business
- Ensure Shariah Compliance - UAE, Bahrain Bangladesh, Pakistan, Kenya
- Plan and Conduct Shariah Review/Audit - UAE, Bahrain, Bangladesh, Pakistan, Kenya, UK/Europe, Singapore
- Islamic Banking Trainings
- Support Global Shariah Head in day to day Shariah Compliance matters
- Support Shariah Head in managing Shariah Board Meetings
- Islamic Product Development & Structuring
- Islamic Finance Advisory to Business Team
- Shariah Compliance
- Shariah Review / Audit
- Islamic Banking Training
- Assist Shariah Advisor in his day to day activities
Responsible to look after Shariah Compliance & Audit according to the policies and guidelines issued by Shariah Advisor & Shariah Supervisory Board.
Examination and evaluation of the adequacy and effectiveness of the Shariah control systems at various branches and operating units. Review of the application and effectiveness of Shariah Compliance procedures and methodologies.
Testing of both transactions and functioning of specific internal control procedures at various bank’s departments’ offices and branches with respect to Shariah Compliance.
Evaluation of Shariah compliance effectiveness of existing policies and procedures and give recommendations for improvements. Refinement of the existing steps of products, policies, procedures & processes.
Review of the accuracy and reliability of Bank accounting records and financial reports in context of Shariah Compliance.
Ensure Agreements / documents used for carrying out the operations are approved by Shariah Advisor.
Ensure products and services offered by the bank are approved by Shariah Advisor and Shariah Board.
Shariah Audit report writing and Carrying-out of special investigations assigned by the Shariah Advisor /Management.
Responsible for the preparation and refinement of product manuals & Shariah Audit and compliance manual.
Consult Shariah Non-Compliant transactions with the Shariah Scholar / Shariah Advisor for their opinion.
Responsible to ensure that Shariah Audit carry out as per developed Shariah Audit Programs of the product/unit.
Involved in Islamic Banking related in-house training/advisory activities of branches and departments staff.
* Responsible to look after overall process flow of the Credit Administration Department
* Responsible for the proper implementation of Credit Administration Policy provided by the management
* Responsible to review Proposals, Facility Offer Letters and Credit Memorandums
* Responsible for checking, authorization and monitoring of pre & post disbursement of financing facilities
* Coordinate with insurance companies for insurance matters and settlement of the claims
* Deal with Lawyers, Muccadums and Credit Control Services Provider
* Responsible for proper implementation and utilization of MIS & reporting
* Prepare various periodical reports for regulatory authorities and management i.e. Securities & Exchange Commission of Pakistan, CEO and the Board of Directors
* Prepare monthly statistical reports on loan portfolio with respect to tenure, industry, sector, geographic location, overdue and recovery position of the outstanding loan portfolio
* Responsible for Islamic Product Development, Implementation and Shariah Compliance of Financing Facilities
*Personally look after collateral documents safe keeping and their recording
*Coordinate with corporate and individual clients for completion of their legal documents for financing facilities
*Responsible for team management and maintain excellent communication pathway with other departments
* Responsible to report Manager Business Control Department
* Responsible for checking legal documents for new executions (pre & post disbursement) files of Corporate lease, Consumer finance lease, Auto lease, Micro lease & Agri lease of 25 branches all over the Pakistan
* Responsible for preparation & checking the marketing calculations, Agreed Loss Value calculation for pre-matured (contract) terminations, part cancellation, full cancellation, and normal terminations of contract
* Responsible for insurance coverage of all ORIX products, dealing with Claims
* Responsible for Re-scheduling, Re-structuring and Amortization IRR checking
* Handling the Queries, Correspondences, Report Writing and Documentations
* Coordination with Consumer Finance, Auto Lease, Corporate Lease Dept. & Branches as per requirement
*Review credit approvals of clients
*Perform Leasing activities for Consumer Lease Clients
*Evaluate credit approvals on the basis of Lessee’s Background, Site visit, Market Position & Financial Analysis
*Responsible to complete application, sign agreement & other legal documents for approvals & payments of lease
*Support Recovery Department in controlling the problems of cheques in different phases
*Coordination with Consumer, Auto & Corporate Finance Department
*Coordinator between financial business partners, includes Banks & Leasing Companies
*Facilitate consumer financing and explore new clients in corporate sector
*Maintain computerized & manual record of Consumer Financing, and prepare analytical reports
*Coordination with Logistic and Service Department
*Arrange consumer goods marketing events
*Monitor the competitive external environments of other brands
*Perform Leasing activities for corporate accounts & individuals in collaboration with Leasing Companies
*Responsible for complete application, sign agreement and legal documents
*Involve in credit approvals for corporate and individual clients
*Check & Prepare internal documents for disbursement & File disbursement to Leasing Company
*Follow up for payment with Leasing Companies
*Prepare Reconciliation between Customer & Leasing company for monthly rental
*Dealing in customer services
Major Courses: AAOIFI Sharia Standards Basic Arabic and Sources of Shariah Fiqh ul Muamlat Sharia Audit and Compliance