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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