Sharia Compliance Accountant

Details of the offer

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 investmentsHalal 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 pornographyRisk 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 advantageZakat (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 ZakatIslamic 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 Qualification:Minimum 4-5 years of experience in a similar roleDegreeProfessional registration will be an advantage Contact ANNARI STANDER on


Nominal Salary: To be agreed

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