Shadi Dhalai

• Ensuring all departments in ADIB Group (including subsidiaries, associates and international branches) are operating withing the Shari’a framework decided by the Central Bank of the UAE (CBUAE) Higher Shari’a Authority (HSA).
• Reviewing and approving all activities, products and services (and related agreements) that will be conducted or executed by ADIB Group to make sure that they are in line with the resolution of the HSA.
• Assess in making sure that the CBUAE Shari’a Governance Standard is implemented at all level in ADIB Group.
• Reviewing new Policies and Procedures to make sure that they are in line with the Shari’a compliance requirements.
• Providing advices (as delegated by the Head of Shari’a Compliance Dept.) in respect of Shari’a compliance to all level and departments in ADIB Group.
• Raising to the Head of Shari’a Compliance Dept. the expected deviation from the HSA’s resolutions and notices to be discussed with the respected Internal Shari’a Supervisory Committee (ISSC).
• Increasing the Shari’a awareness in ADIB Group by the participation in conducting regular trainings.
• Preparing the regular Shari’a compliance reports that are required to be submitted to ISSC and then to the ADIB Group CEO, and implement the decision making.
• Providing ongoing (on-job training) and guidance to all subordinate staff in line with job profile, plans, staff skills and the Shari’a compliance strategy.

• Working closely with the Bank's CEO and the Management team, being a liaison between the Supervisory Board and the Management to develop and approve new assets and liabilities products.
• Preparing Compliance Reports quarterly to the Supervisory Board and the management about the Bank's operations and transactions adherence to the local regulatory requirements.
• Supervising the Compliance function, and the examination the Bank's compliance in all its activities in line with AAOIFI Standards (Bahrain). This examination includes trough review of the contracts, agreements, policies, procedures, products, transactions and reports for bilateral and syndicated transactions.
• Supporting the Product and Sales team on developing and structuring new products for the Bank's clients (corporate clients).
  
• Raising awareness and provide guidance to the Bank's staff on matters related to the Bank's business and activities and participating and providing training to the relevant staff.
  
• Working with Coverage business team to innovate and develop new product and enhance existing products to meet the market and customers’ need.
  
• Holding regular meetings with the team to analyse the market and economy trends in the local and global markets.
  

• Holding regular meetings with other Islamic Banks’ representatives in Bahrain in order to analyse, discuss and coordinate Islamic finance and banking matters and other related Central Bank of Bahrain circulars and directives. Analyse and discuss exiting issues/problems and try to resolve them in timely manner.

Compliance Dept., Shari'a Division.

2013 -2019

Process Re-engineering, Compliance and Policies & Procedures (P&P):

• Supporting the Global Head and the Head of Shari'a Audit for the group strategic initiatives.

• Supporting the internal fraud risk unit by drafting resilient process controls & policies pertaining to accounts, services and operational functions in accordance with regular operational process assessments.

• Managing and supervising the team for the adherence and compliance with AAOIFI Standards, Central Banks regulations and other related local and international regulatory rules including due-diligence checklist with respect to various legal documentations pertaining to Retail, SME, Corporate Banking and Takaful Products and Services.

• Reviewing, drafting and editing different product Policies & Procedures, Operational Manuals and Shari'a Compliance Guidelines (International Coverage: UAE, UK and Iraq) (in English and Arabic) for Retail, Takaful, Treasury, Trade Finance and other Corporate Functions.

• Reviewing and analysing in regular intervals accounts profit calculations methodologies and fees structures in accordance with AAOIFI Standards.

• Reviewing Merchant Acquiring Business structures and their related comprehensive documentations, including Agreements & SOPs.

• Holding regular meetings with the team to analyse the market and economy trends in the local and global markets.

Special Project Assignments:

• Reviewing and ensuring that all documents (Contracts, Agreements, Forms,..etc.) related to Retail and Corporate Business Units are in line and not contradicting with AAOIFI Standards.

• CSR Committee initiatives including Waqf and Youth Funds.

• Covered/Debit Card Etihad air miles/Booking.com business onboarding and developments.

Training:

• Designing and conducting in-house and external products and regulatory training programs for different business segments and branch networks. Training Direct Sales Units and Call Center Sales Agents in quarterly basis for new products.

• Providing introductory programs to University MBA Students.

Committee Member:

• Participating Member of the PAR (Products Approval & Review) Committee.

• Member of the Retail Prizes Draw Committee.

• Participating Member of the Customer Experience Committee.

• The Liabilities Products Development Committee - Ghina Investment Accounts (over AED25b balance) and other related products and marketing campaigns.

• Member of the Merchant Acquiring Business Development (Schemes, POS Machines and Online Payment WebGates).

Brand Ambassador:

• Contributing and supervising the implementation of the brand values (transparency, simplicity and hospitality) in the related products to ensure that they are compliance with the brand strategies and products visions. Represent the Bank in several functions and conferences.

2009 -2013 - Senior Manager,

Product Developments, Structuring and Documentations:

• Structuring for the most suitable financing products to meet customers’ financial needs and introduce Islamic products wherever opportunities can be identified.

• Supporting Retail, Corporate and Commercial Business in achieving their financial target by providing various solutions in product development.

• Holding quarterly meetings with other Islamic Banks’ representatives in UAE in order to analyse, discuss and decide the final list of  compliant companies in Abu Dhabi and Dubai Financial Markets (Equity Screening), in addition to other financial matters such as legal and new policies issues.

• Setting guidelines and standards for Equity Shari'a Screening and purifications calculations.

• Managing and supervising the Sale Teams at the the Dubai with its operational matters.

• Reviewing the financial deals with local banks in relation to the facilities to finance the business activities.

• Providing consultative support to the senior management team via financial analysis, reports and supporting recommendations for the Real Estate Unit in Dubai and Property Management.

• Reviewing, drafting and editing financial Policy & Procedure and Operational Manuals documents.

• Managing Real Estate investments Unit in Dubai, including Investment Feasibility Study.

• Managing the Real Estate regulatory Unit in conformity with Dubai Land Department Laws and Regulations.  

(Different Short Term Assignments).

• Designing accounting system to accommodate new laws, contracts, business practices or changes in electronic - computerized financial data processing systems.

• Meeting clients to understand and analyse their requirements to setup a proper management accounting systems and cost analyses tools in line with their Products design.

• Providing financial advice and support to clients including business development.

• Providing advice in business development in the real estate sectors in the UK and UAE markets.

• Preparation, review and analyse monthly Management Accounts, P&L A/C and Balance Sheet of the company and the group.

• Managing in-house accounts payable (high volume).

• Member of the Costing and Reporting team.

• Responsible for purchasing cost reductions for the group fleet and local and international courier systems.

• Working with the Lecturers setting up Management Accounting questions to students in the workshops and classes. 

• Student Union peer supporter assisting the Union for budgeting and expenses accounting for the various educational in-house activities.