Waqayan Alwaqayan

Experience

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  The Ministry of Awqaf and Islamic Affairs

  Oct 2006 - Oct 2007

  Islamic Researcher

  • Researched on key legal elements pertinent to issues concerning the Ministry's scope of operations.• Oversaw a broad range of administrative and management related work in addition to responsibilities in human resource management and conducted studies on the treatment of different cases as per Islamic jurisprudence.• Developed curriculum and programs for dissemination and propagation of Islamic periodicals and religious books across civic institutions and the general public.• Coordinated and cooperated with the institutions of civil society regarding the upbringing of the young on religious ethics and virtues. Show less

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  Aayan leasing & Investments

  Oct 2007 - Aug 2008

  Sharia Auditor

  • Audited and ensured all transactions, accounts, activities and products sold were in strict compliance with Sharia rules and regulations in order to avoid any loss due to deviation from the principles of Islamic Fiqh. • Performed periodic review of the company's operations and investments and to ensure compliance with Sharia and harmonization with the decisions and fatwas of the board. • Formulated Sharia audit plans, designed Sharia audit programs and followed up for implementation of audit recommendations.• Prepared periodical Sharia review reports based on audit findings and presented it to the management for strategic interpretation. • Assisted with the review of agreements, policies and transaction based queries before submitting the same to the Sharia Board • Supported with Sharia Board Meeting preparations and coordinated all communications with the Sharia Board. Show less

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  Shura sharia consultancy

  Aug 2008 - Oct 2011

  Senior Sharia Auditor

  • Acting as the primary channel of communications between the companies consulted for and their Sharia Supervisory Boards.• Ensure that the policies, procedures, products, services, processes and financial reporting standards of all companies being audited are in compliant with the Islamic Sharia laws.• Reviewing complex financial structures and data for ensuring its integrity and overseeing the production and ensure all procedures are compliant.• Performing Audit program as planned and ensure accuracy of information gathered and ensuring that the audit documentation is properly maintained and interpretable.• Issuing periodic reports to the Board of Directors of the company and the Fatwa and Sharia Supervisory Board. Show less

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  Ahli United Bank

  Oct 2011 - now

  a) Prepare the SSB meeting agendas.b) Collect necessary information, documents, and data required for the SSB from the Bank.c) Organize and follow up issues presented to the SSB.d) Send invitations to the periodic meetings of the SSBe) Prepare the SSB minutes of meetings.f) Follow up the SSB requests that are necessary for their endorsements to any presented business issue.g) Receive all communications, inquiries and requests addressed to the SSB from the Bank management.h) Receive all internal Sharia Audit reports for the SSB presentation.i) Communicate the SSB resolutions to the Bank management and the concerned departments.j) Record all decision taken by the Executive Member of the SSB on urgent issues and present them in the next immediate SSB meeting for ratification.k) Keeps, maintains and archive all the SSB records.l) Supervise efforts for Indexing, printing, and publishing the SSB’s resolutions.m) Coordinate between the SSB, Board of Directors, Board committees and External Auditor in the matters deemed necessary by the SSB.n) Ensure that all SSB resolutions are written in a procedural manner.o) Ensure that all SSB requests from the Bank are satisfied.p) Ensure that newly appointed SSB member is provided with necessary induction pack and orientation.q) Coordinating with the Bank Learning & Development with regard to necessary training plan for the SSB members.r) Plan and manage the SSB gathering events with the Bank staff.s) Ensure compliance of the SSB function with applied Sharia Governance instructions issued by the Central Bank of Kuwait.t) Prepare the Annual Report of the SSB to the general assembly and follows up SSB requests that are necessary for issuing it.u) Prepare Zakat calculation and follows up all necessary requirements for the SSB ratification.v) Adhere to all AML, Risk, Compliance and Regulatory policies & guidelines. Show less • Ensure that the policies, procedures, products, services, processes and financial reporting standards of all departments are in compliant with the Islamic Sharia provisions according to the SSB resolutions.• Developing a comprehensive understanding and knowledge base for employees and customers of the bank's operations and how to deal with them in accordance with the provisions of Islamic Sharia through training courses and introductory publications.• Establishing effective working relationships within the bank to assist management in understanding and applying internal Sharia controls.• Maintaining an up-to-date knowledge base of Islamic finance industry practices and ensuring that best practices are always observed.• Planning and executing audit fieldwork according to the established schedule and recommending internal control improvements that includes operational enhancements.• Establishing Sharia compliant audit objectives and procedures to review and assess the adequacy and effectiveness of internal controls through corporate operations. • Documenting and actively participating in the development of internal Sharia audit procedures performed as well as the preparation of final report of internal Sharia audit. Show less

  • Secretary of the Sharia Supervisory Board

    May 2018 - now

  • Sharia Controller

    Oct 2011 - May 2018