IslamicFinance.de

To enable effective Shariah Compliance on a bank-wide basis to ensure the bank's products, policies, procedures and systems are Shariah compliant.

To provide independent assurance to the Shariah Advisory Committee (SAC) on the effectiveness of controls in the above areas to be in line with Shariah restriction.

Also be responsible to perform research and establish Shariah standards for bank-wide adoption, to conduct review and testing for Shariah compliance with regards to HLISB head office operations, branches, centres etc.

Responsibilities

Team leader Islamic Investment Banking product development.
Responsible in developing, formulating, designing and packaging of innovative Islamic Investment Banking products
Involve in the development of the investment systems i.e. involved in preparation of user requirements, test scripts, and user acceptance testing.
Prepare, review and update manuals.
Preparing project charter, product papers to management.
To conduct training on new/enhanced products
Review and Update Islamic Investment Banking instruments (format & legal terms)

To lead and work closely across product groups and channels to formulate and deliver initiatives for a Multi-Islamic Wealth Management product.

Responsibilities

Responsible for the smooth running of the day-to-day office operations of the branch which includes front line supervision and authorization of banking transactions.
To support the branch in all matters related to operations/sales/marketing and achievement of the branch deposit targets as defined by the Bank.
To maintain close relationship with customers, handle and resolve customers’ complaints and problems and consistently probe clients to identify and compromise for a "win-win“ situation and service fulfillment.

Responsibilities

Plan, manage and oversee the Branch operations towards increasing operational efficiency and profit maximization.
Implement effective sales strategies to ensure achievement of business targets.
Lead and motivate staff to provide quality services at all times.

Job Description

Reporting directly to the Chief Executive Officer and Shariah Committee, key accountabilities include:-

Provide Shariah consultancy and advisory in overall daily operations of the Islamic Banking business to ensure the business and operations complies with Shariah requirements
Review products, manuals and guidelines to ensure compliance with the revised or updated Shariah rulings or resolutions
Review periodically the Shariah Compliance Framework of the Islamic Banking business to ensure the viability of the framework with the development pertaining to Shariah matters
To develop and review the guidelines for Shariah compliance awareness training
Assume the role of Secretary to the Bank’s Shariah Committee
To undertake research on Shariah matters

It is expected that in the next 10 to 15 years Islamic Finance will offer significant opportunities for growth and diversification. Tharman Shanmugaratnam - Singapore's Deputy Prime Minister and Minister for Finance - expressed his optimistic attitude towards the prospects of Islamic finance. He pointed out that Islamic financial institutions have largly escaped significant damage in the global financial crisis as one of the main reasons for his attitude. In addition, he explained that this financial area has the opportunity to diversify into new growth areas such as trade and infrastructure financing in Asia and the emerging markets.

Responsibilities:

• The successful candidate will report to the Manager of Finance and Administration. He/she will provide administrative support to the IFSB Secretariat.

• Prepare IFSB letters – invitation, nomination, appointment, visa, thank you, drafts minutes.

• Coordinate meetings and events.

• Handling and safekeeping computer equipment – laptop, portable printer, software and office hand phones.

• Handling of dealings with Wisma Putra on Foreign Staff Affairs (MOFA)

• Procurement.

• Petty Cash - be the custodian of the petty cash, tasks include safekeeping, recording and processing of petty cash claims, monitoring petty cash balance and replenishment process and bookkeeping.

• Indexing and recording of reading materials and library system.

• Plus other duties consistent and ad hoc as directed.

Job purpose

Senior is responsible for timely completion of assignments according to the specific requirements as described in the scope and objective of proposal / engagement letter of the assignment.

General Roles & Responsibilities:
Ensures compliance with the firm's policies and guidance, and adherence to professional standards.
Executes the planning and management of assignments in an effective and efficient manner.
Ensures engagements are executed in accordance with the firm's methodologies, guidance and professional standards.
Reviews work on a timely basis and in a thorough and constructive manner.

The Malaysian National Mortgage Corporation - Cagamas - has made an announcement about the issuance of its MYR 125 million multi-tenured debt securities comprising Sukuk Commodity Murabahah and Conventional Medium Term Notes (CMTNs) of MYR 90 million and MYR 35 million respectively. The issuance will be carried out in benchmark 3, 5, 7, 10, 12 and 15-year tenures. The respective yields are 3.35%, 3.50%, 3.75%, 3.90%, 4.00% and 4.14%. They are also equivalent to a 31 basis points to 45 basis points range above comparable Malaysia Government Securities (MGS). Proceeds will be used for the purchase of Islamic as well as conventional housing loans from the financial system.

As the global hub of Islamic finance, waqaf and zakat (tithe) management are key areas of growth for Malaysia. In a public lecture titled "Our Markets, Our Values — A principles-based approach to creating value in Muslim majority markets" in Kuala Lumpur, Iqbal Khan - CEO of Fajr Capital Ltd - pointed out that the goof position of Malaysia and the already existing regulations provide a stable ground for a number of areas of growth in terms of Islamic finance. His lecture particularly stressed on developments and key issues in the Muslim-majority markets.

Danajamin Nasional Bhd has assured guarantees for sukuk and bond programmes worth RM5.54 billion. This includes the latest guarantee for the Islamic facilities of Bolton Bhd. Bolton's seven year RM230 million Islamic Medium Term Notes (IMTN) programme is guaranteed by Danajamin. RM150 million of sukuk have already been issued in three tranches and fully subscribed.

Our client is a reputable bank in Malaysia. They are currently seeking for a highly experienced professional to head their Finance department in Islamic Finance. Successful candidate will be based in Kuala Lumpur, Malaysia.

17.11.2012

According to Tan Sri Dr Zeti Akhtar Aziz, governor of Bank Negara Malaysia (BNM), Socially responsible investment (SRI) will appeal significantly to Islamic finance. In particular, the recent global financial crisis has played an important role. He further explains that apart from financial returns, SRI accords primary consideration to the impact on economic activity and on the broader society as well. This way, the important dimensions of environmental sustainability, social responsibility and governance can be incorporated.

Malaysian Governor calls to a more balanced global economic growth. She claims that the Islamic finance must include lower income groups in order to ease the access of financial services to all segments of society.

Task: Manage an established and highly regarded global Sukuk fund, based in Malaysia.

Requirements: degree in business, economics or a related subject and ideally have an MBA; at least 8 years successful fund management experience. You have demonstrable experience promoting funds across emerging markets and have a worked with Sukuk based funds. You are an experienced leader and you understand when changes need to be made and when they do not. You are able deligate tasks and work with international teams to maximise fund performance but, if required, you are able to get involved in the day-to-day management of the fund.

Job Requirements:
University Degree, 3-5 years of experience within a Relevant field, Fixed Income Derivatives Experience (Islamic Finance Exp is preferred), Experience w/ Calypso, Kondor+, Murex,Summit, Swift Alliance,Euclid, Crest and Citidirect is preferred.
Salary of up to $50k monthly and additional benefits coverage.

Interested candidates please send CV or call Rhythy Yeung at 3653-1010

World Bank has published a new book concerning Takaful and Mutual Insurance. The book shall increase the understanding, appreciation, and discussion of the challenges and solutions which concern development and implementation of takaful.

Sharia banking soars in several countries including Indonesia with 191 operating sharia banks. Between 2007 and 2011, the sharia banking sector has achieved an average growth-rate of 40.2 percent per annum. Even thought the potential of sharia banking is big, the conventional banking system still plays an important role in banking system which cannot be overseen.

On 27 November 2012, the International Shariah Research Academy will host its 2nd colloquium, which is part of initiative to provide a venue for young scholars in Islamic finance. The main topic of the colloquium shall be: Moving Forward reflects the challenges to be addressed as well as tasks to be accomplished by Islamic finance in the next stage of its development. Among the participants will be the Honorable Governor of Bank Negara Malaysia.