Vacancy title:
Shariah Manager

[Type: FULL_TIME, Industry: Financial Services, Category: Management, Accounting & Finance]

Jobs at:
I&M Bank

Deadline of this Job:
Tuesday, October 14 2025

Duty Station:
Nairobi | Nairobi | Kenya

Summary
Date Posted: Thursday, October 9 2025, Base Salary: Not Disclosed

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JOB DETAILS:
Shariah Manager at I&M Bank
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I&M Bank is a wholly owned subsidiary of I&M Holdings Limited, a publicly quoted company at the Nairobi Securities Exchange (NSE). The bank possesses a rich heritage in banking.
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Shariah Manager

Job Purpose:

The Internal Shariah Manager is responsible for ensuring that the Islamic Banking Window operates fully in compliance with Shariah principles as advised by the Shariah Advisory Committee (SAC).
This role involves reviewing products, policies, transactions, and processes; guiding Shariah compliance; coordinating with the SAC; and ensuring regulatory compliance with Islamic banking guidelines.

Key Responsibilities:
Shariah Compliance & Governance:

Review and certify Islamic banking products, processes, and documentation to ensure compliance with Shariah principles.
Develop and maintain the internal Shariah compliance framework, policies, and procedures.
Liaise with the Shariah Advisory Committee (SAC) and ensure implementation of their resolutions and fatwas.
Ensure Shariah compliance across all departments of the Islamic Banking Window (retail, corporate, operations, treasury, etc.).

Review & Advisory Role:

Provide ongoing Shariah advisory support to management and staff.
Review contracts, marketing materials, and product manuals for Shariah compliance.
Advise on structuring new Shariah-compliant products and services.

Audit, Monitoring & Reporting:

Conduct regular Shariah compliance reviews, internal audits, and monitoring of Islamic banking operations.
Prepare reports for the Shariah Advisory Committee and manage Shariah Committee meetings.
Prepare periodic shariah committee reports to the Committee to inform on matters discussed and resolutions passed by the shariah Committee.
Identify Shariah non-compliance incidents, propose corrective measures, and monitor their implementation.
Ensure annual Shariah audit is properly conducted and documented.

Training & Awareness:

Develop and deliver training programs to enhance Islamic banking knowledge among staff.
Promote awareness of Shariah compliance culture within the bank.

Academic Qualifications:

Degree in Islamic Finance, Shariah Studies, Islamic Banking, Economics, or related discipline.

Work Experience Required:

Minimum 5–8 years of experience in Islamic banking, preferably in Shariah compliance or advisory roles.
Strong knowledge of Fiqh al-Muamalat (Islamic commercial jurisprudence).
Familiarity with regulatory requirements for Islamic banking and Shariah governance frameworks.
In-depth understanding of Products, policies and regulations.
Good undertaking of the competition and regulatory landscape.
Professional certifications such as CSAA (Certified Shariah Advisor & Auditor – AAOIFI) or equivalent preferred.

Competencies:

Strong knowledge of Islamic finance contracts (Murabaha, Ijarah, Mudarabah, Musharakah, Istisna, Sukuk, etc.).
Analytical and problem-solving skills to identify compliance issues and solutions.
Strong communication and report-writing skills.
Ability to engage with Shariah scholars, regulators, and business teams.
High ethical standards and commitment to Shariah integrity.

Work Hours: 8

Experience in Months: 60

Level of Education: bachelor degree

Job application procedure

Application Link: Click Here to Apply Now

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