OLD MUTUAL ALBARAKA UNIT TRUST FUNDS (OMAUT)<\/p>\n
\tConduct monthly Shariah compliance reviews of OMAUT fund holdings and assess Shariah compliance reports received from Old Mutual Investment Group (OMIG) to ensure the continuous Shariah compliance of all fund investments.
\n\tConduct initial Shariah compliance assessments of the core business activities and financial ratios of investment securities or instruments, for inclusion in the Investable Universe subject to approval by the SSB.
\n\tPerform biannual reviews of the OMAUT Investable Universe to verify companies\u2019 financial ratios, calculated in terms of the AAOIFI Standards, as provided by Ideal Ratings and Ratings Intelligence and prepare formal reports for submission to the SSB.
\n\tUndertake initial and ongoing reviews of the core business activities of all investment securities and instruments within the OMAUT Investable Universe on a rolling two-year review cycle.
\n\tUpdate, maintain, and continuously monitor the OMAUT Investable Universe to ensure ongoing Shariah compliance of all fund holdings.
\n\tPerform the annual calculation of Non-Permissible Income (NPI) for OMAUT funds in preparation for the independent external Shariah audit.
\n\tCalculate annual Zakah per unit for OMAUT funds in accordance with AAOIFI Standards.
\n\tPrepare formal submissions, reports, and supporting documentation for OMAUT SSB meetings.
\n\tProvide support to external Shariah auditors, including assistance with Shariah compliance assurance reviews and audit queries.
\n\tProvide ad hoc Shariah advisory and analytical support on OMAUT-related matters, as required.<\/p>\n
ALBARAKA BANK LIMITED (ABL)<\/p>\n
\tMaintain, update, and periodically review the ABL Permissible List of Shares used for Equity and Commodity Murabaha financing transactions, and provide the updated list to the Finance Department to ensure ongoing compliance.
\n\tConduct an annual Shariah review of ABL management accounts for the financial period ended 31 December, identifying and reporting any Shariah non-compliance matters.
\n\tReview and assess the Shariah compliance of ABL Islamic profit distribution, ensuring alignment with approved Shariah rulings and standards.
\n\tCalculate Zakah on ABL direct private equity investments in accordance with applicable AAOIFI Standards.
\n\tReview and validate Zakah calculations on ABL shareholders\u2019 funds, ensuring consistency with applicable AAOIFI Standards as interpreted by SSB.
\n\tCalculate Zakah on the ABL Profit Equalization Reserve (PER), and determine Non-Permissible Income (NPI) relating to ABL direct private equity investments.
\n\tPerform Shariah compliance reviews of ABL charitable, welfare, and related accounts, including verification of fund sources and utilization.
\n\tPrepare formal submissions, reports, and supporting documentation for OMAUT SSB meetings.<\/p>\n
OTHER DUTIES<\/p>\n
\tProvide financial analytical support to the ABL Wealth Division and other business units, including technical input on investment structures, products, and transactions, as required.<\/p>\n
Requirements<\/p>\n
QUALIFICATIONS<\/p>\n
\tBachelor\u2019s degree in accounting, Finance, Economics, or a related field.
\n\tPostgraduate qualification or professional certification in Islamic Finance (advantageous but not mandatory)
\n\tAAOIFI CSAA, CIPA, or equivalent certification (advantageous but not mandatory)<\/p>\n
PREFERRED EXPERIENCE<\/p>\n
\t2\u20135 years\u2019 experience in auditing, finance, asset management, or Islamic banking environment
\n\tProven experience in Shariah compliance reviews, Shariah audits, or Shariah advisory work
\n\tExperience in investment screening, Zakah, and NPI calculations preferred<\/p>\n
\u00a0\u00a0KNOWLEDGE<\/p>\n
\t2\u20135 years of experience in auditing, finance, asset management, or within an Islamic banking environment
\n\tProven experience in Shariah compliance reviews, Shariah audits, or Shariah advisory engagements
\n\tExperience in investment screening, Zakah, and NPI calculations is preferred<\/p>\n
Apply via company website ( N \/ A ) or<\/p>\n
albaraka.mcidirecthire.com<\/p>\n
<\/p>\n","protected":false},"author":2,"featured_media":0,"template":"","meta":{"_promoted":"","_job_location":"","_application":"http:\/\/albaraka.mcidirecthire.com","_company_name":"Al Baraka Bank South Africa","_company_website":"http:\/\/N%20\/%20A","_company_tagline":"Al Baraka Bank, registered in South Africa since 1989, pioneered Islamic banking in this country in response to an identified need for a system of banking which adhered to Islamic economic principles. The bank, with its Head Office in Durban and a strategically located national branch network, is So... read moreuth Africa\u2019s only fully-fledged Islamic bank and is a subsidiary of the international Al Baraka Banking Group B.S.C., which has established one of the largest international Islamic banking groups in the world.","_company_twitter":"","_company_video":"","_filled":0,"_featured":0,"_remote_position":0,"_job_salary":"","_job_salary_currency":"","_job_salary_unit":""},"job_listing_region":[16],"job-types":[12],"class_list":["post-30066","job_listing","type-job_listing","status-expired","hentry","job_listing_region-kwazulu-natal","job-type-full-time"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-listings\/30066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-listings"}],"about":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/types\/job_listing"}],"author":[{"embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/users\/2"}],"wp:attachment":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/media?parent=30066"}],"wp:term":[{"taxonomy":"job_listing_region","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job_listing_region?post=30066"},{"taxonomy":"job_listing_type","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-types?post=30066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}