Senior Business Analyst, Islamic Banking

IN1 Finastra Software Solutions (India) Private Limited; Bengaluru; On-site; INR 1,200,000 - 2,000,000; Full time

Benefits offered by this job

Unlimited vacation

Hybrid working

Health insurance

Retirement plans

Volunteer time off

Inclusion networks

Career development

Job summary

Finastra in Bengaluru seeks a Senior Business Analyst – Islamic Banking to translate Shariah‑driven requirements into clear, delivery‑ready specifications for engineering teams. You will own the Islamic banking backlog and collaborate with Product Management, Architecture, QA, and client-facing teams to ensure compliance and value delivery.

You will lead requirements elicitation, define test scenarios, and enable agile delivery across discovery, design, build, and UAT, while maintaining

Qualifications

• Strong experience as a BA, Product Owner, or Domain SME in banking technology.
• Deep understanding of Islamic banking products, Shariah-compliant structures, and regulatory expectations.
• Proven ability to prepare BRDs, user stories, acceptance criteria, workflow diagrams, and test scenarios.

Responsibilities

• Own and refine the functional backlog for Islamic banking capabilities and convert priorities into user stories and specifications.
• Act as product ownership partner for Engineering, clarifying requirements and supporting prioritization trade-offs.

Skills

Islamic banking

Business analysis

Product ownership

Agile/Scrum

Job description

Who are we?

At Finastra, we’re a global leader in financial services software, dedicated to expanding access to financial services and shaping what’s next for the industry. Our technology powers mission‑critical solutions across Lending, Payments and Universal Banking, supporting over 7,000 customers, including 80% of the world’s top 50 banks, in more than 110 countries.

Disclaimer: Finastra has signed an agreement to sell its Universal Banking business to Pollen Street Capital, with completion expected end 2026 / early 2027, subject to consultation and customary closing conditions.

Upon completion, this role is expected to transition to the standalone Universal Banking business, creating opportunities to support its future growth and success.

Senior Business Analyst – Islamic Banking

We are seeking a Senior Business Analyst – Islamic Banking to act as the domain expert and product ownership partner for Islamic core banking capabilities.

The role will translate Islamic banking business needs, Shariah principles, and regulatory requirements into clear, delivery-ready requirements for engineering teams. Working closely with Product Management, Engineering, Architecture, QA, Implementation, Compliance, and client‑facing teams, this role will define and validate Shariah‑aligned solutions across Islamic financing, deposits, pool management, profit calculation, distribution, accounting, controls, and regulatory reporting.

Key Responsibilities

• Own and refine the functional backlog for Islamic banking capabilities, converting roadmap priorities, client needs, regulatory changes, and Shariah requirements into user stories, business rules, workflows, acceptance criteria, and functional specifications.
• Act as the product ownership partner for Engineering, clarifying requirements, resolving functional questions, supporting prioritization trade‑offs, and ensuring the delivery team understands the business problem, expected behaviour, and customer value.
• Provide Islamic banking subject matter expertise across structures such as Murabaha, Ijarah, Mudarabah, Musharakah, Tawarruq, Wakala, Islamic deposits, profit‑sharing models, pool management, and profit distribution.
• Translate Shariah principles into system behaviour, controls, approval flows, documentation needs, accounting treatment, disclosures, operational procedures, and audit evidence.
• Lead requirements elicitation, gap analysis, impact assessment, solution validation, and functional design discussions with Product, Engineering, Architecture, QA, Compliance, Implementation, and client stakeholders.
• Support Agile delivery through backlog refinement, sprint planning, story clarification, demos, defect triage, UAT, release validation, and post‑go‑live stabilization.
• Define and validate test scenarios for Islamic banking journeys, financing workflows, profit distribution cycles, pool management, accounting postings, regulatory controls, and exception handling.
• Facilitate workshops, client walkthroughs, demos, and solution fitment discussions, acting as a trusted domain advisor for technical and non‑technical stakeholders.
• Maintain functional documentation, configuration guidance, process flows, decision logs, requirement traceability, and enablement material for Engineering, QA, Implementation, Support, Sales, and Customer Success teams.

Required Skills & Experience

Strong experience as a Business Analyst, Product Owner, Functional Consultant, or Domain SME in banking technology, with significant exposure to Islamic banking. Deep understanding of Islamic banking products, Shariah‑compliant structures, financing workflows, deposits, profit calculation, pool management, Islamic accounting implications, and regulatory expectations. Proven ability to prepare BRDs, user stories, acceptance criteria, workflow diagrams, use cases, data requirements, functional specifications, and test scenarios. Hands‑on experience working with Agile/Scrum teams across discovery, design, build, testing, release, and production support. Strong communication, facilitation, analytical, influencing, and problem‑solving skills, with the ability to bridge Product Management and Engineering. Experience with Islamic core banking platforms, digital Islamic banking journeys, regulatory compliance, audit, Shariah review, cloud‑native, platform‑based banking solutions, Agentic platform and AI literacy is desirable.

Benefits

• Flexibility: Enjoy unlimited vacation, subject to local regulations and business priorities. Benefit from hybrid working arrangements and inclusive policies such as paid time off for voting, bereavement, and sick leave.
• Well‑being: Access confidential one‑to‑one support through our Employee Assistance Program, connect with our network of Wellbeing Champions and Gather Groups, and take part in monthly events and initiatives designed to help you thrive—inside and outside of work.
• Health & Financial Security: Medical, life and disability insurance, retirement plans, lifestyle, and other benefits.*
• Sustainability: Paid time off for volunteering and donation‑matching opportunities to support causes that matter to you.
• Inclusion: Get involved in our inclusion communities, such as Count Me In, Culture@Finastra, Proud@Finastra, Disabilities@Finastra, and Women@Finastra—open to everyone who wants to participate and contribute.
• Career Development: Access online learning and accredited courses through our Skills & Career Navigator tool.
• Recognition: Take part in our global recognition program, Finastra Celebrates, and share your voice through regular employee surveys that help shape our culture and ways of working.
• *Specific benefits may vary by location.

At Finastra, each individual is unique—bringing their own ideas, perspectives, cultural backgrounds, and experiences.

We learn from one another, value what makes us different, and create an environment where everyone feels included, supported, and able to be their authentic selves.

Be unique.

Be exceptional.

Help us make a difference at Finastra.

At Finastra, our team members are the driving force behind everything we do.

We’re building an environment where bold ideas thrive, careers flourish, and innovation is a shared journey.

Whether you're a recent graduate ready to shape the future or a seasoned professional seeking your next challenge, you’ll play a pivotal role in delivering software solutions that redefine what’s possible in financial services.

We believe growth is a shared commitment.

That’s why we offer a rich ecosystem of learning—from hands‑on training and mentorship to leadership development and industry certifications.

You’ll have the freedom to explore new paths, deepen your expertise, and make your mark in a global fintech that’s built for the future.

Our career development isn’t just a program—it’s a promise.

With access to cutting‑edge tools, a culture of collaboration, and a community that champions your success, you’ll be empowered to lead, challenge, and create meaningful change.

Because when we grow together, we innovate together—and that’s how we shape what’s next in finance.

We offer incredible career opportunities and your work in close collaboration with fantastic colleagues globally to develop and launch innovative software solutions for our customers.

There is a huge range of engaging projects where you can get stuck‑in and add value whilst taking advantage of our ongoing development opportunities to build and hone your skills in your chosen area.

Our perks include paid holidays, flexible working hours, a pension plan, and comprehensive health initiatives.

Join us to supercharge your career, collaborate with industry experts and thrive in a nurturing environment that powers both your professional and personal growth.

With us, you can grow, innovate, and make a real impact.

At Finastra, we are proud of the wide range of incentives and benefits we offer our employees globally, reflecting our core values: doing well by doing good, putting people first, and open opportunities.

We go beyond statutory requirements to maximise our offerings, investing in flexible working policies, personal growth opportunities, and well‑being programmes.

Highlights include our Flexible Vacation Policy, inclusive people policies, hybrid working framework, and comprehensive well‑being support through initiatives like the Employee Assistance Program, the wellbeing Champions and our monthly events and initiatives.

Additionally, we emphasise sustainability through volunteering time off and donation matching, champion inclusion through multiple employee networks and cultural initiatives, and invest heavily in career and skills development.

Recognition of our employees' efforts is integral, with our global recognition platform and regular employee feedback surveys shaping our inclusive and supportive workplace culture.

At Finastra, we are committed to creating a workplace where you feel valued and respected.

We believe this environment drives innovation and we strive to build a team that reflects the varied backgrounds, perspectives, and experiences of our global ecosystem.

This philosophy is at the heart of our culture and the way we work.

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