Sharia Compliance Analyst Job Vacancy in Hargeisa, Somalia – Banking – Islamic Finance

Job Description

Position: Sharia Compliance Analyst

Company: Al Baraka Banking Group

Location: Hargeisa, Somalia

Experience: 3-5 years

Education: Bachelor’s degree in Finance, Islamic Studies, Law or related field; Master’s preferred

Employment Type: Full-time

Industry: Banking – Islamic Finance

Department: Compliance

Salary: SSP 2,500,000 – 4,000,000 per annum

Vacancies:1

Company Overview

Al Baraka Banking Group is a leading international Islamic financial institution with a strong presence across the Middle East, Africa and Europe. Established in 1979, the Group operates under strict Sharia principles, offering a full suite of banking services that include retail, corporate, and investment solutions. In Somalia, Al Baraka has been instrumental in promoting inclusive banking, supporting economic growth, and fostering financial literacy. The Hargeisa branch serves a diverse clientele ranging from small businesses to large corporations, and it is recognized for its commitment to ethical banking, community development, and innovative digital solutions. As part of its expansion strategy, Al Baraka continues to invest in talent that can uphold its reputation for compliance, integrity, and excellence, making it a top choice for professionals seeking rewarding career opportunities in Somalia Jobs.

Job Overview

The Sharia Compliance Analyst will play a pivotal role in ensuring that all banking products, services, and operations adhere to Islamic law and internal compliance standards. Reporting to the Head of Compliance, the analyst will conduct detailed reviews of contracts, financial products, and marketing materials, providing guidance to business units and liaising with external Sharia scholars. This position offers a unique chance to influence the bank’s compliance framework, contribute to risk mitigation, and support the growth of ethical finance in the region. Candidates will join a dynamic team that values continuous improvement, professional development, and a collaborative work culture. For more information about Al Baraka’s mission and values, visit Somalia Job Search. This role is a prime example of Career Opportunities in Somalia and reflects the Group’s commitment to Hiring in Somalia.

Key Responsibilities

• Review and approve all new banking products, services, and promotional materials for Sharia compliance.
• Conduct periodic audits of existing products and operations to ensure ongoing adherence to Islamic principles.
• Prepare detailed compliance reports and present findings to senior management and the Sharia Board.
• Collaborate with legal, risk, and product development teams to embed compliance considerations early in the product lifecycle.
• Maintain up‑to‑date knowledge of local and international Sharia regulations, fatwas, and industry best practices.
• Provide training and guidance to staff on Sharia compliance requirements and ethical banking practices.
• Assist in the development and revision of internal compliance policies, procedures, and manuals.
• Respond to regulatory inquiries and support external audits related to Sharia compliance.

Required Skills

• In‑depth understanding of Islamic finance principles, Sharia law, and regulatory frameworks.
• Strong analytical and critical thinking abilities with meticulous attention to detail.
• Excellent written and verbal communication skills in English and Somali; Arabic is a plus.
• Ability to interpret complex legal and financial documents and translate them into actionable guidance.
• Proficiency in Microsoft Office Suite and familiarity with compliance management software.
• Effective interpersonal skills to work collaboratively across departments and with external scholars.

Education

The ideal candidate holds a Bachelor’s degree in Finance, Islamic Studies, Law, or a related discipline. A Master’s degree or professional certification such as Certified Islamic Finance Professional (CIFP) is highly desirable and demonstrates a commitment to expertise in the field.

Experience

Applicants should have 3‑5 years of relevant experience in Sharia compliance, Islamic banking, or a regulatory role within a financial institution. Prior exposure to product development cycles and audit processes will be considered an advantage.

Salary

The compensation package ranges from SSP 2,500,000 to SSP 4,000,000 annually, commensurate with experience and qualifications. The package also includes performance‑based bonuses and comprehensive benefits.

Benefits

• Health insurance covering medical, dental, and vision care.
• Retirement savings plan with employer contributions.
• Paid annual leave and public holidays in accordance with Somali labor law.
• Transportation allowance for daily commute.
• Employee assistance program supporting mental health and well‑being.

Training

• On‑boarding program covering Al Baraka’s compliance framework and Sharia governance.
• Continuous professional development courses, including certifications in Islamic finance.
• Access to internal knowledge portals and external seminars on regulatory updates.

Working Environment

Al Baraka’s Hargeisa office offers a modern, collaborative workspace equipped with the latest technology. The culture emphasizes integrity, teamwork, and a shared commitment to ethical banking. Employees enjoy a supportive atmosphere where ideas are welcomed, and professional growth is encouraged, making it an attractive destination for those seeking Employment in Somalia.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online portal on the company’s website. Applications will be reviewed on a rolling basis, and shortlisted candidates will be invited for a virtual interview followed by an on‑site assessment at the Hargeisa branch.

Equal Opportunity Statement

Al Baraka Banking Group is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, ethnicity, religion, or disability. All qualified applicants will receive consideration for employment without discrimination.