Shari’ah Compliance Services Provide Shariah support to the business and underwriting teams of ICIEC. Conduct a preliminary review of documents and agreements to ensure compliance with the resolutions of the Shari’ah Board under the supervision of the Manager of Legal Affairs. Translate agreements into the working languages of the IsDBG prior to their submission to the Shari’ah Board. Review outsourced translation to ensure accurate translation of technical terms. Respond to queries on any matter pertaining to the resolutions of the Shari’ah Board. Handle the logistics of the Shari’ah Board meetings in coordination with the Manager, LAD, and Manager, IsDB Shariah Affairs Division. Maintain the Shari’ah Board working documents (templates, forms, databases, checklists etc.). Arrange the circulation of all agenda documents among Shari’ah Board members as required. Attend relevant meetings of management committees such as TUC, ALCO, PDC etc to provide Shari’ah guidance on matters as required.
Shari’ah Audit Support Assist in carrying out internal Shari’ah audit under the supervision of IsDB Shariah Affairs Division. Assist in addressing Shari’ah queries raised by ICIEC external auditors. Procure the clearance of the Shari’ah Board regarding the ICIEC Financial Statement.
Operational Planning Prepare templates of Shari’ah documents and amend them when required and ensure consistency in their use by ICIEC. Assist in the preparation of the Shari’ah Board’s annual work program. Contribute to the preparation, monitoring and implementation of annual budget and resources. Participate in departmental working groups and committees.
Policies & Procedures Maintaining, in accordance with IsDB Group policies and procedures, official documents pertaining to matters relating to the Shari’ah Board. Develop and maintain a repository of existing guidelines, Shari’ah Board resolutions, administrative instructions, regulations and procedures governing the business of the IsDB Group. Provides guidance to ICIEC on Shari’ah matters pertaining to (re)insurance contracts, and Islamic finance agreements by clarifying confusing texts. Performs post-contract administration functions such as analyzing amendments required in (re)insurance contracts, drafting contract amendments, interpreting contract terms etc.
Knowledge Sharing & Innovation Carry out research on assigned issues, such as new products, product enhancement, and innovative applications to emerging circumstances, particular types of provisions, or policy issues. Conduct periodic awareness sessions on relevant Shari’ah topics relating to ICIEC business.
Reporting & Communication Prepare letters, memos, presentations e-mails, reports and other documents, from brief inputs/outlines provided/dictated by the Shari’ah Board, Manager, and Legal Affairs, proofread and ensure expected quality and standard of format and languages of the final drafts. Prepare periodic reports on activities of the Shari’ah Board at the IsDB Group level to ICIEC Management. Prepare minutes of the meetings under the supervision of the Manager, Legal Affairs. Respond to queries and requisitions.
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