Mustafa Al Mahmood
Internal Sharia Auditor & Compliance Officer
Diyar Al Muharraq
Summary
Experienced Internal Sharia Auditor & Compliance Specialist and Secretary of the Sharia Supervisory Board at Solidarity Bahrain B.S.C., with over seven years of expertise in internal Sharia auditing and review within the Islamic insurance (Takaful) and banking sectors. Seeking a challenging opportunity to leverage extensive knowledge and skills. Highly motivated to contribute to an organization that values excellence, innovation, and offers opportunities for professional and personal growth.
Overview
12
12
years of professional experience
Work History
Sharia Auditor & Compliance
Solidarity Bahrain B.S.C
11.2021 - Current
- Arranging the meetings for SSB, preparing agenda and its materials
- Attending the SSB meeting as a reporter
- Preparing the minutes of meeting and circulating to other departments
- Develop the Sharia Audit plan for each year and execute it
- Ensure that the fatwas, recommendations, and approvals given by the Sharia Supervisory Board are translated into practical compliance in product/transaction documentation
- Prepare the Sharia Audit report for the SSB in order to facilitate issuing the annual Sharia Report.
Sharia Auditor & Compliance Officer
T'azur - Takaful Insurance Company
09.2016 - 10.2021
- Develop the Sharia Audit plan for each year and execute it
- Ensure that the fatwas, recommendations, and approvals given by the Sharia Supervisory Board are translated into practical compliance in product/transaction documentation
- Prepare the Sharia Audit report for the SSB in order to facilitate issuing the annual Sharia Report.
Head of Legal Department
Al-Faisal Group W.L.L.
08.2014 - 09.2016
- Revising group contracts, agreements, and MOU
- Drafting contracts and agreements
- Follow-up with the group cases [sometimes attending instead of the lawyer].
Sharia & Legal Researcher
General Council for Islamic Banks & Financial Institutions - CIBAFI
04.2013 - 08.2014
- Revising all the contracts, agreements and MOUs to insure its compatibility with the Sharia
- Revising all the contracts related to The International Islamic Finance Training Center
- Drafted the internal regulation
- Contributed in organizing the Second International Forum for Islamic Banks and Financial Institutions in Luxembourg.
Internship
Khaleeji Commercial Bank - KHCB
10.2012 - 02.2013
- Conducted Sharia Audit on the Bank products [Murabaha, Mudarba, Musharaka, Leasing...etc.]
- Contributing in making the auditing Program for different kind of transactions
- Visiting other departments to get info about some transactions, to ensure it is compatible with sharia principles.
Education
Certified Sharia Auditor & Adviser -
The Accounting And Auditing Organization For Islamic Financial Institutions - AAOIFI
Manama, Kingdom of BahrainAdvanced Diploma in Islamic Commercial Jurisprudence - undefined
Bahrain Institute of Banking & Finance
Manama, Kingdom of BahrainSharia & Law BSL - undefined
AlAzhar university
Skills
Microsoft Office
Teamwork and Collaboration
Presentation and Reporting
Regulatory Compliance Knowledge
Team Leadership Qualities
Continuous Learning Attitude
Data Collection
Document Recordkeeping
Languages
Arabic
Proficient
C2
English
Advanced
C1
Timeline
Sharia Auditor & Compliance
Solidarity Bahrain B.S.C
11.2021 - Current
Sharia Auditor & Compliance Officer
T'azur - Takaful Insurance Company
09.2016 - 10.2021
Head of Legal Department
Al-Faisal Group W.L.L.
08.2014 - 09.2016
Sharia & Legal Researcher
General Council for Islamic Banks & Financial Institutions - CIBAFI
04.2013 - 08.2014
Internship
Khaleeji Commercial Bank - KHCB
10.2012 - 02.2013
Certified Sharia Auditor & Adviser -
The Accounting And Auditing Organization For Islamic Financial Institutions - AAOIFI
Advanced Diploma in Islamic Commercial Jurisprudence - undefined
Bahrain Institute of Banking & Finance
Sharia & Law BSL - undefined
AlAzhar university
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