Sharia Audit Officer

Vacancy Number:ADF-053
Title: Sharia Audit Officer
Duration:Open ended
Exp.:2018-11-22-(2 Months Ago)
Jobs no:1
Salary:As per ADF Salary Scale


Organization:Agricultural Development Fund |About Agricultural Development Fund


Education:University degree in Islamic Finance or related finance and Islamic banking field.
Work Experience:Minimum of 1 ’ experience Years

  • Professional certificates in Islamic banking and finance is preferable.

  • University degree in Islamic Finance or related finance and Islamic banking field.

  • Minimum of 1 years’ experience in an equivalent position. Experience working in a similar position for the financial institution or other similar organization preferred.

  • Must be willing to travel to provincial offices on ADF business must be able to work effectively in a fast-paced stressful environment.

  • In addition must be flexible willing to perform other duties as required and work irregular hours.

Duties & Responsibilities

Duties and Responsibilities:

  • The main objective of sharia Islamic finance internal auditor is to ensure that all ADF operation related to Islamic sharia lending are accordance to the ADF policy and procedures for sharia finance approved by the sharia board.

  • To check and confirm that ADF sharia loan are free from riba and are per the policy

  • Sharia standards on Islamic finance products and practices and Sharia basis for those standards.

  • Governance standards on Sharia compliance and review processes.

  • Islamic banking and finance supervision (including regulatory and external supervision internal review and application of AAOIFI’s standards).

  • Operational structures for Sharia compliance and review.

  • Sharia compliance and review procedures (including on planning operations documentation and reporting).

  • Application of Sharia and Fiqh (Islamic jurisprudence) to Islamic banking and finance practices

  • Identify and evaluate the sharia loan risks appropriately and manage it properly

  • To review and check that the ADF sharia loans repayment are maintained in separate account and documented according to the ADF sharia compliance

  • Observation inquiry analysis review and inspection of the ADF sharia loan

  • To ensure that the ADF resources are used efficiently

  • Adequate control to ensure compliance with ADF policy

  • To prepare the annual plan in coordination with the internal audit director

  • Conduct the both internal audit of a) ADF departments and 2) Audit of clients (ADF borrowers).

  • To design follow up audit framework to determine corrective action has been taken on pervious audit recommendations.

  • The audit  officer will collect analyze interpret and document the information to support audit result

  • To develop the final audit report to assist ADF management in measuring its own performance particularly with respect to compliance of sharia finance

Submission Guideline

All Interested qualified applicants are encouraged to send their CV and Cover Letter indicating the position title and vacancy number ( ADF - 053) in the subject line before closing date to the below email address. 

Only shortlisted applicants will be contacted.

Email:[email protected]