Manager, Shariah Advisory | Islamic Finance Department (IFD) at Bank Negara Malaysia - Professional Career Site

Kuala Lumpur, Kuala Lumpur, Malaysia -

Full Time

Start Date

Immediate

Expiry Date

02 Jul, 26

Salary

0.0

Posted On

03 Apr, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Shariah Advisory, Islamic Finance, Fiqh, Usul Fiqh, Fiqh Muamalat, Product Structuring, SAC Rulings Application, Interpretive Jurisprudence, Multi-party Negotiations, Financial System Stability, Regulatory Compliance, Risk Assessment

Industry

Financial Services

Description

Supervise and deliver Shariah advisory services in accordance with the Bank’s mandates including upon referral by internal and external stakeholders. This involves triaging criticality of Shariah advice, conducting robust assessment of the Shariah issues, providing guidance on Shariah interpretation based on the ascertainment of Islamic law by the Shariah Advisory Council (SAC) and overseeing the resolution of Shariah matters to promote Islamic financial system stability in alignment with the Bank’s strategic objectives. Bank Negara Malaysia (the Central Bank of Malaysia), is a statutory body which started operations on 26 January 1959. Bank Negara Malaysia is governed by the Central Bank of Malaysia Act 2009 [https://www.bnm.gov.my/legislation]. The role of Bank Negara Malaysia is to promote monetary and financial stability. This is aimed at providing a conducive environment for the sustainable growth of the Malaysian economy. Bank Negara Malaysia’s monetary policy stance is to maintain price stability while remaining supportive of growth. Bank Negara Malaysia is also responsible for financial system stability. This is achieved by developing a sound, resilient, progressive and diversified financial sector which serves to support the sectors of the real economy. It also plays an important function in implementing initiatives to deepen and strengthen the financial markets, including the foreign exchange market. Bank Negara Malaysia has played a significant developmental role in developing the financial system infrastructure in advancing the financial inclusion agenda. This is to ensure all economic sectors and segments of the society have access to financial services. In addition, Bank Negara Malaysia also oversees the nation’s payment systems infrastructure which emphasize on the efficiency and security of the financial systems. As the banker and adviser to the Government, Bank Negara Malaysia provides advice on macroeconomic policies and the management of public debt. Bank Negara Malaysia is also the sole authority in issuing the national currency and in managing the country's international reserves.

Responsibilities

Supervise and deliver Shariah advisory services while ensuring alignment with the Bank's mandates and strategic objectives. Oversee the resolution of Shariah matters and provide guidance based on Shariah Advisory Council interpretations.