Sharia Compliance Accountant

SUMMARY:
Are you a Sharia-compliant accountant looking to advance your career in the international finance industry? Have you always dreamed of working with a global organization? If so, we have an exciting opportunity for you! Apply now to join a well-respected and established company!

POSITION INFO:

Your responsibility will include but is not limited to:
Prohibition of Riba (Interest): Any form of interest-based transactions is forbidden under Sharia
Muslims are prohibited from engaging in activities that involve paying or receiving interest. This has significant implications for banking, lending, and investments
Halal Investments: Investments must be made in permissible (halal) businesses. These businesses must not engage in activities considered harmful or forbidden (haram), such as gambling, alcohol, or pornography
Risk Sharing: Sharia promotes business transactions based on risk-sharing rather than debt or guaranteed returns. This can include models like Mudarabah (profit-sharing) and Musharakah (joint venture partnerships)
Avoidance of Gharar (Excessive Uncertainty): Transactions involving excessive uncertainty or ambiguity, such as speculative trading, are prohibited under Sharia. Financial contracts must be clear and transparent to avoid deceit or unfair advantage
Zakat (Charity): Muslims are required to pay a portion of their wealth (usually 2.5%) as charity, known as Zakat. Accountants may help individuals and businesses calculate and pay Zakat
Islamic Finance Products: Sharia-compliant financial products, such as Islamic bonds (Sukuk), Islamic insurance (Takaful), and interest-free loans, are structured to align with Islamic law. These products avoid interest and are designed with profit-sharing or asset-backed financing in mind
Ethical Conduct: Business practices under Sharia emphasize honesty, transparency, and fairness
Exploitative or unethical business practices are forbidden

Skills & Experience:
A good understanding of Sharia Compliance
Minimum 4-5 years of experience in a similar role
 
Qualification:
Degree
Professional registration will be an advantage
 
 
Contact ANNARI STANDER on , quoting the Ref: CTF020080.
 
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