Banking and Insurance

Job by ZamZam Bank S C

ZamZam Bank S C is the first bank licensed to operate as full-fledged Interest Free Bank in the country shouldering a huge responsibility for enhancing financial inclusion in Ethiopia.  To this effect the Bank would like to recruit qualified job applicants for the following vacant post and invite interested applicants who fulfill the minimum qualification and work experience listed for the job openings.

Job title: Shariah Compliance Officer


  • Ensure the bank’s operations are carried out compliant with the Shariah values, principles, ethical business practices, the bank policies and procedures within the legal framework and shariah requirements.
  • Work with the product development team faithfully & perform examination on Shariah aspects as per AAOIFI standards & fatwas for each product before its presentation to the Shariah Advisory Committee (SAC) for decision.
  • Formulate and recommend appropriate Shariah risk management policies and guidelines.
  • Act as a Secretary to the Shariah Advisory Committee by the role that include coordinating meetings, compiling proposal papers, disseminating Shariah decisions to relevant stakeholders and engaging with relevant parties who wish to seek further deliberations of issues from the Shariah Committee; and
  • Handles any additional assignments as directed by SAC.

Core Competency

  •  Knowledge in Shariah, which includes study in Usul Fiqh (the origin of Islamic law) or Fiqh Muamalat (Islamic transaction/commercial law).
  • AAOIFI certification on shariah governance, accounting and/or audit principles and standards is an advantage
  • Relevant backgrounds such as Islamic Banking & Finance and law, which could support the depth and breadth of the Shariah deliberations.
  • Analytical and research approach and proactive attitude in managing issues.
  • Up-to-date with relevant regulatory requirements, guiding principles and guidelines in Islamic Finance and Shariah Parameters
  • Excellent interpersonal and communication skills including verbal and written, with a strong emphasis on report writing and presentation capabilities.
  • Previous experience with Islamic financing products or the financial services sector will be an added advantage.
  • Should be able to demonstrate strong proficiency and knowledge in written and verbal Arabic, and English in addition to local languages.

Place of workHead Office

Number of vacant posts: one

Gender: Male/Female

Employment type: permanent

Job Requirements

Minimum qualification:

  • BA Degree in Economics, Management, Accounting, Law, Islamic Banking & Finance or other related fields.

How to Apply

Interested applicants who meet the above requirements can submit their application letter, updated CV and credentials in PDF format by clearly stating the position that you are applying for through the application link within 10 days from the date of announcement.

Only shortlisted applicants will be communicated.                

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