| Date | 2024-12-13 |
|---|---|
| Job Title | Sharia Compliance Accountant |
| Employer | More Information |
| Salary | 480 000 Annually |
| Category | Accounting Finance |
| Location |
Gauteng / Johannesburg |
Job Summary
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 investments Halal 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 pornography Risk 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 advantage Zakat (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 Zakat Islamic 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 role Degree Professional registration will be an advantage Contact ANNARI STANDER on
Sharia Compliance Accountant position available in Gauteng, Johannesburg. This job position was posted by . The job has been posted on 2024-12-13 in the Accounting Finance category
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