VP, Islamic Products

Position

The VP, Islamic Products is a key member of the Islamic product team and Shariah compliant product proposition of the organization. He supports the Head of Islamic products with the wide array of products and businesses that are under Islamic Product team responsibilities. He should act as the first point of contact for any Islamic product offering by various areas of the bank with a focus on Investment Banking, Corporate and Global Markets.

• Support Global Corporate Finance team with any Shariah compliant offering through structuring and documentation review
• Manage a suite of Islamic Banking products that include both Assets, Liabilities as well as Global Market products (Hedging, Repo)
• Develop new Islamic products based on thorough competition and market analysis as well as client demand to generate new revenue streams for the bank
• Liaise with various stakeholders to ensure smooth implementation of Islamic products including but not limited to Shariah control and Legal departments
• Actively work with operations and IT on development and testing of any new system functionality related to Islamic banking products
• Support Head of Islamic products with all tasks assigned including ad hoc projects or urgent deliverables
• Preparing and reviewing any SOPs or procedures specific to Islamic products offering
• Act as the first point of contact for any matter related to Islamic products in the organization
• Support the Islamic product offering in international locations of the bank
• Stay constantly updated on the new standards, regulations, competitor’s progress, market trends and customer needs to ensure that the bank remains a market leader in terms of Islamic product proposition
• Develop training material and provide training on various Islamic products across the bank
• Work on Islamic window MIS and internal presentations in liaison with internal stakeholders such as IT or Finance
• Joint visits with business teams to key/sensitive Islamic customers requiring structuring skills and expertise
• Leading the marketing and sales efforts for Islamic financial products and services, including developing marketing materials and coordinating sales campaigns
• Managing the profitability and performance of Islamic financial products and services, including monitoring and analysing market trends and customer feedback
• Take ownership for any compliance or audit matter related to the Islamic product team and ensure delivery/closure within the agreed deadlines

• Bachelor’s degree in economics, finance, Islamic finance, Shariah or any related field.

• 10 years of related experience
• Very good knowledge of Shariah principles, AAOIFI Shariah standards and CBUAE HSA regulations
• Very good understanding of Islamic contracts and documentation
• In-depth understanding of Islamic financial products and operational implementation practices and the distinct differences to conventional finance.
• Financial analysis skills and accounting knowledge
• Excellent communication skills
• Ability to work under pressure and with tight deadlines
• Ability to work effectively with a wide range of internal and external stakeholders
• CSAA or other renowned industry certifications in Islamic banking/Shariah

Executive

Full-time

Product Management and Marketing

Banking