Director Islamic Finance Policy Department-SBP, Karachi

State Bank of Pakistan, Karachi                                                Qualification:

• Master’s or Bachelor’s degree (with a minimum of 16 years of education) in Finance/ Islamic Finance / Banking from a HEC recognized university or foreign university. Professional qualification or Diploma in Islamic banking/ Shariah/ Fiqh ul Muamlat would be preferred.
  

Experience:

• At least 15 years of experience including at least 5 years in senior management position in Islamic Banking

Roles & Responsibilities:

• Review, develop and fortify the Islamic finance legal, regulatory and policy framework in line with Shariah principles. Lead and oversee the development of asset light, Musharakah and other risk sharing Sukuk of different maturities including short term Sukuk.
• Develop, coach and counsel the Islamic Finance professionals’ teams to steer the development of Islamic finance industry in conformity with Shariah principles in letter and spirit. Initiate meaningful and objective research projects on Islamic finance trends and global market developments to effect policy adjustments and enhance competitiveness.
• Foster relationships with key stakeholders, including regulatory bodies, financial institutions, and Shariah scholars, to garner support and input for effective policy formulation and implementation. Establish key performance indicators (KPIs) and regularly monitor the performance of Islamic banking operations against set targets.
• Identify opportunities for expanding the Islamic Banking market, both domestically and internationally, while considering regulatory and cultural nuances.
• Develop framework for adoption of prudential, Shariah, accounting, governance, financial reporting standards, etc. issued by the leading international and domestic standard setting bodies like Islamic Financial Services Board (IFSB), Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), International Islamic Financial Market (IIFM) and Institute of Chartered Accountants of Pakistan (ICAP), etc.