| Date | 2024-12-31 |
|---|---|
| Job Title | Sharia Compliance Accountant |
| Employer | Communicate Finance More Information |
| Salary | 480000 |
| Category | Finance Accounting |
| Location |
Gauteng / Johannesburg North |
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
Minimum 4-5 years of experience in a similar role
Qualification:
Degree
Professional registration will be an advantage
Contact ANNARI STANDER on Communicate Finance
Sharia Compliance Accountant position available in Gauteng, Johannesburg North. This job position was posted by Communicate Finance. The job has been posted as a char8000 ad on 2024-12-31 at 01:07:08 in the Finance Accounting category
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