Waqayan Al Waqayan, Secretary of Sharia Supervisory Board (SSB)

Waqayan Al Waqayan

Secretary of Sharia Supervisory Board (SSB)

Ahli United Bank (AUB)

Lieu
Koweït
Éducation
Baccalauréat, Faculty of Noble Hadith & Islamic Studies
Expérience
17 years, 7 Mois

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Expériences professionnelles

Total des années d'expérience :17 years, 7 Mois

Secretary of Sharia Supervisory Board (SSB) à Ahli United Bank (AUB)
  • Koweït - Al Koweït
  • Je travaille ici depuis mai 2018
Sharia Controller à Ahli United Bank (AUB)
  • Koweït - Al Koweït
  • octobre 2011 à mai 2018

Responsibilities:
• Planning and executing audit fieldwork according to established schedule and recommending internal control improvements that includes operational enhancements.
• Utilizing Sharia compliant audit objectives and procedures to review and assess the adequacy and application of internal controls through corporate operations.
• Developing a thorough understanding and knowledge base of company’s operations and how it would be treated under the provisions of Sharia law.
• Establishing effective business relationships within the company and assisting the management in the understanding and adaptation of internal control principles to Sharia law.
• Documenting and actively participating in the development of audit procedures performed as well as the preparation of noted concerns for audit report inclusion.
• Maintaining a current knowledge base of audit industry practices and ensuring best practices are always considered.

Senior Sharia Auditor à Shura for Sharia Consultancy
  • Koweït - Al Koweït
  • août 2008 à octobre 2011

The company is a Kuwait based audit and compliance firm specialized in Sharia based audit operations and consultancy.

Responsibilities:
• Served as the primary channel of communications between the companies consulted for and their Sharia Supervisory Boards.
• Ensured that the policies, procedures, products, services, processes and financial reporting standards for all companies audited are in compliance with the Sharia laws.
• Managed client accounts for Islamic companies by ensuring total compliance of the company's to the framework of Islamic Sharia law.
• Attended client audit’s, checked and reconciled financial information to ensure it is accurate, ensured that the audit documentation is properly maintained and interpretable.
• Reviewed complex financial data ensuring its integrity stands up to scrutiny, oversaw the production of audit reports and ensured all procedures are perfect.
• Issued periodic reports to the Board of Directors of the company and the Fatwa and Shari'a Supervisory Board.

Sharia Auditor à Aayan Leasing and Investment
  • Koweït - Al Koweït
  • octobre 2007 à août 2008

Responsibilities:
• Audited and ensured all transactions, accounts, activities and products sold were in strict compliance with Sharia rules and regulations in order to avoid any loss due to deviation from the principles of Islamic Fiqh.
• Performed periodic review of the company's operations and investments and to ensure compliance with Sharia and harmonization with the decisions and fatwas of the board.
• Formulated Sharia audit plans, designed Sharia audit programs and followed up for implementation of audit recommendations.
• Prepared periodical Sharia review reports based on audit findings and presented it to the management for strategic interpretation.
• Assisted with the review of agreements, policies and transaction based queries before submitting the same to the Sharia Board
• Supported with Sharia Board Meeting preparations and coordinated all communications with the Sharia Board.

Islamic Researcher à The Ministry of Awqaf and Islamic Affairs
  • Koweït - Al Koweït
  • octobre 2006 à octobre 2007

The entity is a governmental authority that contributes to the development of society in accordance with Islamic understanding, reality and realization.

Responsibilities:
• Researched on key legal elements pertinent to issues concerning the Ministry's scope of operations.
• Oversaw a broad range of administrative and management related work in addition to responsibilities in human resource management and conducted studies on the treatment of different cases as per Islamic jurisprudence.
• Developed curriculum and programs for dissemination and propagation of Islamic periodicals and religious books across civic institutions and the general public.
• Coordinated and cooperated with the institutions of civil society regarding the upbringing of the young on religious ethics and virtues.

Éducation

Baccalauréat, Faculty of Noble Hadith & Islamic Studies
  • à The Islamic University
  • juin 2003

The College aims to take care of the Sunnah, and servicing, and maintaining, and defending it. Rehabilitation specialists proficient in the Sunnah sciences, with knowledge that help them to do so.

Specialties & Skills

Internal Audit
Islamic Finance
Compliance
Governance
Islamic Banking
Management
Audit Documentation, Processes and reporting
Communications & Interpersonal Networking, Best Practice Management, Group Dynamics and Synergy
Real Estate Regulations and Procedures, Legal Research,Fatwa Interpretation and Sharia Board Liaison
Establishment of Islamic Companies, Internal and External Audit, Compliance and Control
Computer Skills
Risk and Control Self Assessment (RCSA)
MS Office
Training, lecturing & teaching all Islamic sharia aspects, Islamic Finance concepts and products

Profils Sociaux

Langues

Arabe
Expert
Anglais
Moyen

Adhésions

Islamic International Foundation for Economics and Finance (IIFEF)
  • Associate Member
  • September 2011
Sharia Auditors Association
  • Founder And Member Of The Board Of Directors
  • October 2014
Institute of Banking Studies (IBS)
  • Training Committee Member
  • January 2013

Formation et Diplômes

Certified Islamic Specialist in Risk Management (CISRM) (Certificat)
Date de la formation:
June 2015
Certified Sharia Advisor and Auditor (CSAA) (Certificat)
Date de la formation:
June 2014
Valide jusqu'à:
June 2015
Combating Money Laundering and Terrorist Financing (Formation)
Institut de formation:
Institute of Banking Studies
Date de la formation:
April 2014
Durée:
3 heures
Certified Internal Auditor (CIA) - Preparation Program (Formation)
Institut de formation:
Institute of Banking Studies
Date de la formation:
May 2013
Durée:
96 heures
Certified Islamic Specialist in Sharia Auditing (CISSA) (Certificat)
Date de la formation:
March 2014
Valide jusqu'à:
March 2014
Basics and Principles of Traditional Finance (Formation)
Institut de formation:
Shura for Sharia Consultation
Date de la formation:
March 2009
Sharia Audit on Documentary Credits - Workshop (Formation)
Institut de formation:
Shura for Sharia Consultation
Date de la formation:
June 2010
Fundamentals of Internal Auditing (Formation)
Institut de formation:
Shura for Sharia Consultation
Date de la formation:
July 2009
PROFESSIONAL DIPLOMA OF SHARIA CONTROL (Certificat)
Date de la formation:
May 2006
Valide jusqu'à:
December 2006
Accounting skills for Non-Accountants (Formation)
Institut de formation:
Kuwait Chamber of Commerce and Industry
Date de la formation:
January 2009
CERTIFIED DOCUMENTARY CREDIT SPECIALIST (CDCS) - Revision Program (Formation)
Institut de formation:
Institute of Banking Studies
Date de la formation:
December 2013
Durée:
36 heures
Methodology of Writing Papers on Sharia Based Financial Transactions (Formation)
Institut de formation:
Shura for Sharia Consultation
Date de la formation:
October 2010
Fiqh Methodology For Establishing Sharia Based Financial Transactions (Formation)
Institut de formation:
Shura for Sharia Consultation
Date de la formation:
October 2010
Art of reading financial statements and financial indicators (Formation)
Institut de formation:
Shura for Sharia Consultation
Date de la formation:
April 2011
Zakat Calculation for Companies (Formation)
Institut de formation:
Kuwait Zakat House
Date de la formation:
February 2009
Financial distress and Islamic finance - Workshop (Formation)
Institut de formation:
Shura for Sharia Consultation
Date de la formation:
November 2009

Loisirs

  • Scuba Diving
    SSI Open Water Diver. SSI Specialty Navigation. SSI Specialty Night & Limited Visibility. SSI Specialty Deep Diving.