Sharia Auditor - Retail Banking

ADIB - Abu Dhabi Islamic Bank


Date: 5 hours ago
City: Abu Dhabi
Contract type: Full time


Role: Sharia Auditor - Retail Banking

Location: Abu Dhabi

Role Purpose:
  • Assess the continuity and conformity level of Shari’a rules & principles throughout the Internal Shari’a Audit assignments in order to provide a reasonable assurance to the management that Shari’a risk is mitigated to an acceptable residual level.


Key Accountabilities of the role:

  • Adhere to:
  • The AAOIFI Standards.
  • The CBUAE HSA Resolutions
  • ADIB- ISSC’ Resolutions
  • The Institute of Internal Audit Standards e.g., independence, objectivity, proficiency and performance of audit work.
  • The Internal Shari’a Audit objectives, mission and vision.
  • Perform the internal Shari’a audit assignments/assigned duties efficiently and effectively based on the risk-based Shari’a Audit approach sketched by the line Management and in consultation with Team Leader.
  • As Shari’a Auditor, the main responsibilities are as follows:
  • Visiting departments/units subject to Shari’a Audit (Preliminary Survey) based on: Familiarization, Identification of potential areas of improvement, Confirmation, Planning the detailed audit.
  • Compile, review and summarize Higher Shari’a Authority CBUAE – HAS’s and ADIB Internal Shari’a Supervisory Committee (ISSC') resolutions.
  • Review of Policy and Procedures related to processes/products.
  • Develop/review the Shari’a Audit Program and identify/define areas of Shari’a Non-Compliance Risks.
  • Identify and evaluate the Shari’a Non-Compliance (SNC) Risks. (Prioritize/quantify the SNC, SNC Assessment, Likelihood Rating Scale & Criteria, Impact Rating Scale & Criteria, Overall SNC Score scale, Definition & Criteria, Identify the Shari’a Controls, Prioritize, quantify and evaluate the effectiveness of Shari’a Controls, Obtaining Management Consensus).
  • List of Shari’a Audit requirements/reports.
  • Risk Assessment for Finance Products (Assets) only. (Risk Assessment (for Finance Products) - Evaluation framework (scoring system).
  • Sampling methodology (Extensive Testing, Moderate Testing, Standard Testing).
  • Prepare Authority Letter.
  • Conducting opening meeting and presentation to the respective management/s (Introduction, Authority letter/Scope and objectives, Findings/exceptions, Shari’a Audit progress, Cooperative administration).
  • Formation the Shari’a audit assignments teams (team leader and members).
  • Use the Shari’a Risk and Control Analysis to determine the Shari’a Audit Approach (Documenting the Shari’a Control, Walk-through of Controls, Evaluating the Effectiveness of Shari’a Compliance Controls, Reviewing the Associated Evidences).
  • Sampling methodology (Defining the Population, Number of locations, Shari’a Control changes, Setting the Sample Size, Document the Tests to be performed).
  • Review and audit the selected sample.
  • Findings/Exceptions’ Sheets (Finding/Exception, Cause, Responsibility, SNC/ Impact, Working Paper/s Ref, Recommendation/Policy Reference, Management reply &Target Date.
  • Preparation of Shari’a Audit reports. (Executive Summary Report. Detailed Report).
  • Shari’a control environment Rating.
  • Shari’a control rating.
  • Exceptions/Findings database
  • Exit meeting
  • Follow-Up on matters reported by Shari'a audit
  • Preparation of (ISSC) escalation Shari’a Audit reports.
  • Shari'a Audit Process Questionnaire (SAPQ).
  • Drafting Shari'a guidelines.
  • Comply with any additional tasks which could be assigned by the Team Leader/line management.


Specialist Skills / Technical Knowledge, Technical Competencies Required for this role:
  • Bachelor in Sharia or Islamic Economics or Islamic Banking.
  • CISSA and CIPA certifications (or alternative certifications).
  • Arabic & English language
  • IT skills
  • 5years experience




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