Invitation

Ayady Takaful – Allied Islamic Window seeks to appoint a member to the Shari’ah Committee to advise the Board of Directors and Management on Shari’ah related matters.

Roles & Responsibilities

The Shari’ah Committee member will be required to deliberate on Shari’ah issues, to review and endorse policies and procedures. The role will include the following responsibilities:

1. Advice the Board of Directors and Management on Shari’ah matters to ensure Takaful operations are Shari’ah compliant,
2. Advise the Board of Directors and Management on the operational model of Takaful including strategy, framework, structures, risks, products, policies and practices,
3. Review and endorse updates to policies, procedures and validating relevant documentation of Ayady Takaful are in line with Shari’ah principles at all times,
4. Take an active role and liaise closely with the Shari’ah Committee Secretariat on behalf of the SC in Shari’ah Risk and Compliance matters,
5. Be readily available to the Ayady Takaful for advice on urgent matters and for reviewing documents.

Criteria

• A formal qualification and/or extensive expertise or experience in the area of Islamic jurisprudence (usul al-fiqh) or Islamic transaction/commercial law (fiqh al-mu’amalat).

• A formal qualification and/or extensive expertise or experience in Shari’ah Compliance / Product Development is an added advantage.

Clarifications

• Request for clarifications should be submitted via email to [email protected] before 13:00hrs (local time) on 14^th April  2024 (Sunday).

Submission of Expression of Interest

• All submissions of EOI should be e-mailed to [email protected] before the date of closure, 16:00hrs  on 23^rd April 2024 (Tuesday).

Documents to be submitted

• Expression of Interest.

• Curriculum Vitae and other supporting documents evidencing fulfillment of the above criteria and requirements.