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External Audit Support:

• Provide required assistance to external auditors on relevant Shari’ah audit issues to ensure alignment with Shari’ah principles.

• Collaborate with external auditors in expressing opinions on financial and operational compliance with Shari’ah standards.

Control and Risk Assessment:

• Assess and contribute to the improvement of a sound and effective internal control system for Shari’ah Compliance.

• Identify potential risks associated with Shari’ah non-compliance and recommend measures to mitigate them.

• Work with the Risk Departments in identification and mitigation of the Sharia’h risks

Collaboration with the Shari’ah Advisory Board:

• Act as a liaison between the internal audit function and the Shari’ah Advisory Board.

• Ensure alignment between the Bank’s operational activities and the fatwas and guidelines issued by the SAB.

Continuous Improvement:

• Monitor the implementation of Shari’ah Audit recommendations and report progress to the SSB and senior management.

• Identify areas for process improvement and recommend changes to enhance Shari’ah compliance and operational efficiency.

Audit Planning and Documentation:

• Participate in establishing a risk-based Shari’ah Audit Plan.

• Develop and document appropriate Shari’ah audit checklists, programs, and tests to review the adequacy and effectiveness of internal Shari’ah controls within the Bank’s functions.

• Prepare the Annual Internal Shari’ah Audit Plan to guide the Bank’s Shari’ah compliance review process.

Audit Execution:

• Conduct detailed operational and compliance audits in accordance with the approved Shari’ah Audit Plan and program.

• Perform internal Shari’ah audits quarterly and present findings to the Shari’ah Advisory Board (SAB).

• Carry out identified continuous monitoring reviews to uncover opportunities for improvement in Shari’ah compliance.

• Conduct Shari’ah Audit follow-ups according to the approved Shari’ah Audit Plan to ensure implementation of recommended actions.

Reporting:

• Prepare preliminary and final written Shari’ah Audit Reports for each audit engagement.

• Present Shari’ah Audit reports to the SSB for final resolution and decision-making.

• Express opinions on financial statements to ensure their compliance with fatwas, rulings, and guidelines issued by the SSB, as well as standards set by AAOIFI, national regulations, and other relevant practices.

Policy and Manual Development:

• Develop the Internal Shari’ah Audit Policy and Procedure Manual to ensure a standardized approach to Shari’ah audits.

• Establish the scope of Shari’ah Audit work, organize and manage audits to achieve planned objectives and activities.

Advisory Role:

• Advise the Bank’s Management on various Shari’ah issues based on Internal Shari’ah Audit findings.

• Provide guidance and consultation on Shari’ah compliance to the internal audit team.

• Assist in resolving Shari’ah-related issues identified during audits and offer recommendations for improvement.

Training and Awareness:

• Conduct training sessions to raise awareness about the critical role of Shari’ah auditing and the relevance of compliance to established procedures.

• Strengthen internal Shari’ah controls by fostering a culture of compliance across the Comply with AML/CFT/CPF policies and procedures, non -compliance of which shall be addressed as per the bank disciplinary processes.

• Any other duty as shall be assigned to you from time to time.