Shariah Board Member (Re-announced)

Job Description

As a Member of the Shari'ah Board at Afghan United Bank, this position acts as the highest authority on all Shari'ah-related matters, ensuring that all banking products, operations, policies, and procedures adhere to Islamic principles. The member will oversee the implementation of Shari'ah compliance across the organization, issue fatwas, and provide guidance to ensure alignment with regulatory requirements. Additionally, the member will advise the Board of Directors on Shari'ah matters to ensure that the Islamic business operations of the Bank comply with Shari'ah principles at all times.

Duties & Responsibilities

• Serve as the final authority on Shari'ah matters, issuing fatwas and binding rulings on Islamic finance issues.
• Approve all Islamic products, manuals, policies, and standard operating procedures (SOPs) prepared by the Shari'ah Department.
• Ensure that Policies and Procedures do not contain elements that are not in line with Shari'ah.
• Endorse and validate relevant documentation, ensuring that Islamic finance products comply with Shari'ah principles in all aspects.
• Review and endorse terms and conditions contained in proposal forms, contracts, agreements, or other legal documents used in transactions.
• Provide assistance on Shari'ah matters to related parties, such as legal counsel, auditors, or consultants, to ensure compliance with Shari'ah principles.
• Prepare written Shari'ah opinions for new product approvals, including endorsements and decisions regarding Shari'ah compliance, supported by relevant Islamic Jurisprudence literature and reasoning.
• Oversee  compliance with Shari'ah guidelines across departments to ensure adherence post-approval.
• Verify that profit distributions to depositors and investors comply with Islamic principles and DAB regulations.
• Identify Shari'ah non-compliant practices and recommend corrective measures.
• Support annual financial reporting by disclosing the bank’s Shari'ah compliance status.
• Act as a liaison between Afghan United Bank and DAB Shariah Board regarding Shari'ah-related issues.
• Assess the work carried out by Shari'ah review, research, compliance, and audit functions to ensure compliance with Shari'ah matters in Islamic business operations.
• Attend Shari'ah Board meetings as required and perform any other tasks assigned by Management.

Job Requirements

• Master’s degree or Bachelor’s degree in Usul al-Fiqh, Shari'ah & Law, Fiqh al-Mu'amalat, or a related field from a recognized university.
• Minimum of 2 years of experience in Islamic banking and finance.
• At least 5 years of experience providing religious rulings, with strong knowledge of Shari'ah.
• In-depth knowledge of Islamic banking and finance, particularly AAOIFI Shariah standards and Afghanistan’s regulatory guidelines.

Skills

• Excellent communication skills in Afghan local languages (Pashto & Dari) as well as in English.
• Strong analytical and problem-solving abilities.

Submission Guideline

We invite qualified interested candidates to apply for the position by submitting their applications to jobs@afghanunitedbank.com, with a copy (cc) to info.bsd@dab.gov.af.

Please include the vacancy announcement number (AUB/HR/VA/025-051) in the subject line of your email.

Only qualified and shortlisted applicants will be considered and invited for an interview.

Thank you for your interest in joining our team!