Shariah Compliance Manager - Pool & PSR Oversight

Raqami Islamic Digital Bank Ltd.; Karachi Division; On-site; PKR 1,600,000 - 2,400,000; Full time

Job summary

Raqami Bank in Karachi seeks a Manager – Internal Shariah Review & SNCR to provide Shariah oversight across functions, ensuring compliance with Shariah requirements, SBP regulations, and AAOIFI standards, with focus on pool management and product documentation.

You will review profit distribution, PSRs, and asset-liability movements, prepare board-ready analyses, and coordinate with risk, finance, IT, and business teams to close reviews on time while maintaining thorough documentation.

Qualifications

• Understanding of Islamic banking pool management.
• Experience with profit distribution calculations.
• Knowledge of Shariah review and governance.
• Familiar with SBP/AAOIFI standards.

Responsibilities

• Review and approve profit distribution calculations.
• Verify PSR weightages for deposit pools.
• Monitor asset/liability movements affecting pool performance.
• Prepare data and reports for Shariah Board review.
• Review deposit-related products for Shariah compliance.
• Coordinate with business, finance, risk, and compliance teams.
• Maintain audit trails for profit reviews and approvals.
• Identify gaps and recommend corrective actions.

Skills

Pool management

Profit distribution

Shariah governance

Board secretarial

Product management

Asset tagging

Liquidity management

Musharakah placements

Weightage audits

Shariah documentation

Cross-functional coordination

Regulatory compliance

Education

Bachelor’s degree in Business Administration/Finance/CS/IS/Engineering

Shariah related certificates

Job description

Raqami Bank in Karachi seeks a Manager – Internal Shariah Review & SNCR to provide Shariah oversight across functions, ensuring compliance with Shariah requirements, SBP regulations, and AAOIFI standards, with focus on pool management and product documentation.

You will review profit distribution, PSRs, and asset-liability movements, prepare board-ready analyses, and coordinate with risk, finance, IT, and business teams to close reviews on time while maintaining thorough documentation.