Vice President of Business Development
2 weeks ago
Job Title
,
Vice President –Product Development – Islamic Business Development
Job Purpose
:
Responsible for the development and managing of Sharia -compliance products across the bank's overseas operations.
The role ensures product innovation, competitiveness, profitability, full Sharia compliance and alignment with bank's strategic objectives, enabling sustainable growth of Islamic business within a conventional banking framework.
Key Responsibilities
:
Product Strategy and Development
:
- Develop, enhance and manage the Islamic product across, Corporate, Treasury and retail segments for overseas branches & subsidiaries.
- Design, structure, and implement innovative Sharia-Compliant products tailored to local market's needs, internal policies and procedures and regulatory framework.
- Conduct product feasibility studies, profitability analysis, and business case approvals.
- Lead the product approval and Sharia governance processes.
Coordination & Implementation
:
- Liaise with overseas islamic units, operations, risk, legal and IT team for smooth rollout and implementation.
- Monitor product performance, market competitiveness, and customer satisfaction.
- Support digital and business transformation for islamic offerings.
Training and capacity building:
- Provide product training and technical guidance to the business units.
Qualifications & Experience:
- Master's degree in finance, Economics or Business, certification in Islamic finance ( CIPA , IFQ or AAOIFI ) preferred.
- 10-15 years of banking experience including at lease 5 years in Islamic Product development or structuring .
- In-depth understanding of islamic finance concepts, sharia compliance processes and AAOIFI standards .
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