Manager – Internal Shariah Review & SNCR

Job Title: Manager – Internal Shariah Review & SNCR Department: Shariah Compliance Department (SCD) Job Overview The role provides Shariah oversight across various business and support functions to ensure compliance with applicable Shariah requirements, SBP regulations, AAOIFI Shariah Standards, and Shariah Board resolutions, with particular focus on the review of overall Pool management including asset tagging, weightage assignments, profit-sharing ratios (PSRs), pool balancing, profit distribution cycles, and related asset-liability management activities and a focus on Product manual and documentation of deposit/liability side products.

Key Responsibilities

Review and approve profit distribution calculations to ensure accuracy, transparency, and alignment with approved methodologies, regulatory requirements, and Shariah principles. Verify weightages and Profit-Sharing Ratio (PSR) applied to deposit pools, ensuring they are properly approved, consistently applied, and accurately reflected in profit allocation.

Monitor asset and liability movements to identify significant changes, assess their impact on profit distribution and pool performance, and highlight unusual trends or discrepancies. Prepare relevant data, analysis, observations, and compliance updates for Shariah Board review and reporting. Conduct Shariah review of deposit-related products and agreements to ensure structures, terms, documentation, and operational processes comply with Shariah guidelines.

Coordinate with business, finance, risk, and compliance teams to obtain required information, resolve issues, and complete review and approval activities on time. Maintain proper documentation and audit trails for profit distribution reviews, PSR verification, movement monitoring, Shariah approvals, and product/agreement reviews.

Identify gaps, exceptions, or non-compliance matters and recommend corrective actions to strengthen controls and ensure ongoing Shariah compliance. Experience Required Preferably 4 years of experience in Shariah Compliance, Shariah Product Management, Pool management and Islamic Conversion Educational Background Required Bachelor’s degree in business administration, Finance, Computer Science, Information Systems, Engineering, or related discipline.

Shariah related Certificates. Skills & Competencies Islamic banking pool management Profit distribution and WAGY calculations Shariah review and governance support Shariah Board secretarial support Product management Asset/liability pool creation, asset tagging, and pool balancing FI pools and Interbank Musharakah placements Weightage table audits, minimum profit rate mechanics, and dividend purification Knowledge of SBP SGF, AAOIFI Standards, contract review, and Shariah Board documentation.

Strong attention to detail in reviewing financial calculations, audits, and pool activities. Effective coordination with Shariah, Treasury, IT, and Business teams Proactive problem-solving ability in addressing audit observations, mitigating pool-related risks, and ensuring regulatory compliance. Raqami Bank is an equal opportunity employer.

We welcome applications from all qualified individuals, including Persons with Disabilities (PWDs), and are committed to fostering an inclusive workplace where everyone has the opportunity to succeed. Last date to apply: November 6, 2026