IslamicFinance.de

To lead and work closely across product groups and channels to formulate and deliver initiatives for a Multi-Islamic Wealth Management product.

Responsibilities

Responsible for the smooth running of the day-to-day office operations of the branch which includes front line supervision and authorization of banking transactions.
To support the branch in all matters related to operations/sales/marketing and achievement of the branch deposit targets as defined by the Bank.
To maintain close relationship with customers, handle and resolve customers’ complaints and problems and consistently probe clients to identify and compromise for a "win-win“ situation and service fulfillment.

Responsibilities

Plan, manage and oversee the Branch operations towards increasing operational efficiency and profit maximization.
Implement effective sales strategies to ensure achievement of business targets.
Lead and motivate staff to provide quality services at all times.

Job Description

Reporting directly to the Chief Executive Officer and Shariah Committee, key accountabilities include:-

Provide Shariah consultancy and advisory in overall daily operations of the Islamic Banking business to ensure the business and operations complies with Shariah requirements
Review products, manuals and guidelines to ensure compliance with the revised or updated Shariah rulings or resolutions
Review periodically the Shariah Compliance Framework of the Islamic Banking business to ensure the viability of the framework with the development pertaining to Shariah matters
To develop and review the guidelines for Shariah compliance awareness training
Assume the role of Secretary to the Bank’s Shariah Committee
To undertake research on Shariah matters

Responsibilities:

• The successful candidate will report to the Manager of Finance and Administration. He/she will provide administrative support to the IFSB Secretariat.

• Prepare IFSB letters – invitation, nomination, appointment, visa, thank you, drafts minutes.

• Coordinate meetings and events.

• Handling and safekeeping computer equipment – laptop, portable printer, software and office hand phones.

• Handling of dealings with Wisma Putra on Foreign Staff Affairs (MOFA)

• Procurement.

• Petty Cash - be the custodian of the petty cash, tasks include safekeeping, recording and processing of petty cash claims, monitoring petty cash balance and replenishment process and bookkeeping.

• Indexing and recording of reading materials and library system.

• Plus other duties consistent and ad hoc as directed.

The Malaysian National Mortgage Corporation - Cagamas - has made an announcement about the issuance of its MYR 125 million multi-tenured debt securities comprising Sukuk Commodity Murabahah and Conventional Medium Term Notes (CMTNs) of MYR 90 million and MYR 35 million respectively. The issuance will be carried out in benchmark 3, 5, 7, 10, 12 and 15-year tenures. The respective yields are 3.35%, 3.50%, 3.75%, 3.90%, 4.00% and 4.14%. They are also equivalent to a 31 basis points to 45 basis points range above comparable Malaysia Government Securities (MGS). Proceeds will be used for the purchase of Islamic as well as conventional housing loans from the financial system.

As the global hub of Islamic finance, waqaf and zakat (tithe) management are key areas of growth for Malaysia. In a public lecture titled "Our Markets, Our Values — A principles-based approach to creating value in Muslim majority markets" in Kuala Lumpur, Iqbal Khan - CEO of Fajr Capital Ltd - pointed out that the goof position of Malaysia and the already existing regulations provide a stable ground for a number of areas of growth in terms of Islamic finance. His lecture particularly stressed on developments and key issues in the Muslim-majority markets.

Danajamin Nasional Bhd has assured guarantees for sukuk and bond programmes worth RM5.54 billion. This includes the latest guarantee for the Islamic facilities of Bolton Bhd. Bolton's seven year RM230 million Islamic Medium Term Notes (IMTN) programme is guaranteed by Danajamin. RM150 million of sukuk have already been issued in three tranches and fully subscribed.

Our client is a reputable bank in Malaysia. They are currently seeking for a highly experienced professional to head their Finance department in Islamic Finance. Successful candidate will be based in Kuala Lumpur, Malaysia.

17.11.2012

According to Tan Sri Dr Zeti Akhtar Aziz, governor of Bank Negara Malaysia (BNM), Socially responsible investment (SRI) will appeal significantly to Islamic finance. In particular, the recent global financial crisis has played an important role. He further explains that apart from financial returns, SRI accords primary consideration to the impact on economic activity and on the broader society as well. This way, the important dimensions of environmental sustainability, social responsibility and governance can be incorporated.

Malaysian Governor calls to a more balanced global economic growth. She claims that the Islamic finance must include lower income groups in order to ease the access of financial services to all segments of society.

Task: Manage an established and highly regarded global Sukuk fund, based in Malaysia.

Requirements: degree in business, economics or a related subject and ideally have an MBA; at least 8 years successful fund management experience. You have demonstrable experience promoting funds across emerging markets and have a worked with Sukuk based funds. You are an experienced leader and you understand when changes need to be made and when they do not. You are able deligate tasks and work with international teams to maximise fund performance but, if required, you are able to get involved in the day-to-day management of the fund.

On 27 November 2012, the International Shariah Research Academy will host its 2nd colloquium, which is part of initiative to provide a venue for young scholars in Islamic finance. The main topic of the colloquium shall be: Moving Forward reflects the challenges to be addressed as well as tasks to be accomplished by Islamic finance in the next stage of its development. Among the participants will be the Honorable Governor of Bank Negara Malaysia.

It is expected by early next year that the Islamic corporate social responsibility (i-CSR) General Practice framework will be ready for adoption by Islamic financial institutions. The framework has been developed by the Accounting Research Institute (ARI) of Universiti Teknologi Mara. It is now almost completed. ARI researchers at the UITM-ACCA Asia-Pacific Centre of Sustainability (APCeS) worked in collaboration with Universiti Sains Malaysia, and Indonesia's Sebelas Maret University and Universitas Muhammadiyah Surakarta. According to Professor Dr. Normah Omar - director of ARI - Shariah players including local Ulama (Islamic scholars) will be engaged by the institute in order to firm up a couple of details on the framework in a two-day workshop beginning on November 29th.

CIMB-Principal Asset Management Bhd intends to grow its funds under the government-mooted private retirement scheme (PRS). The target amount is RM2 billion which should be reached during a period of five years. This way, CIMB is working on its higher goal to become the country's top PRS provider. It is expected that pension funds will become a key part of the company's business, accounting for 20% of its revenue in five years. At the moment, CIMB is managing RM36 billion worth of assets.

According to the Raja Muda of Perlis, Tuanku Syed Faizuddin Putra Jamalullail Sunday, private corporations should seize the opportunity to be creative in performing their Corporate Social Responsibility (CSR), thus enhancing the future of their companies as well as their current reputation. At the CSR charity sale, which was organized by Malaysia Industrial Development Finance Berhad (MIDF), he said that he was certain of the growth of popularity of the company through this event. The charity sale was made possible in collaboration with the Perlis Islamic Religious Affairs and Malay Customs Council.

According to Neil Miller - Global Head of Islamic Finance at KPMG - despite the global financial crisis, Islamic banking has demonstrated rapid development and lossless operation reaching an average growth rate of 10%. He further adds that the most significant development is observed in Malaysia. Azerbaijan should learn from Malaysia as well as from Kazakhstan. Azerbaijan should first take care of the lack of legislation in the area of Islamic finance in order to work on development in the spheres of Islamic banking and Islamic insurance.

The new rating of Tanjung Langsat Port Sdn Bhd's sukuk musyarakah bonds and RM135mil musyarakah commercial papers/musyarakah medium-term notes programme (MCP/MMTN) by Malaysian Rating Corp Bhd (MARC) is lower than the previous one. It was downgraded from A-IS and MARC-2ID/A-ID to BBB+IS and MARC-3ID/BBB+ID respectively. The downward change in rating is a reflection of the company's continuous losses and weak cashflow due to a delay in the commencement of its port operation.

Oil palm plantation firm Golden Agri-Resources has issued its first sukuk in Malaysia worth RM1.5 billion (S$600 million). The sukuk will expire in five-year's time - in November 2017. The funds gained through the sukuk are planned to be used for the general corporate purposes of the company and are expected to strengthen its financial flexibility for growth. The issuance of the Islamic bond is a part of a RM5 billion programme.

A 50 basis-point premium for a 20-year sukuk over non-Islamic sovereign debt was paid by the Finance Ministry. This makes it the biggest spread for government-guaranteed syariah-compliant notes in 2012. Turus Pesawat Sdn was appointed to sell the securities which are intended to fund aircraft purchases for Malaysian Airlined. The company managed to sell RM3.4bil of debt in total. The yield of the RM1.65bil portion of 2032 notes was 4.36%.