Mudhakkir Abdul, CIFE™, AFIIBI

Audit, Risk & Compliance - Shari'ah Operations at CPF Financial Services
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Contact Information
us****@****om
(386) 825-5501
Location
Nairobi County, KE
Languages
  • English Full professional proficiency
  • Swahili Native or bilingual proficiency
  • Arabic Limited working proficiency

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Credentials

  • ISO 9001:2015 Internal Quality Audit
    Kenya Bureau of Standards
    Mar, 2023
    - Sep, 2024
  • Certified Islamic Finance Executive
    Ethica Institute of Islamic Finance
    Mar, 2015
    - Sep, 2024
  • Associate Fellow, AFIIBI - UK
    Institute of Islamic Banking and Insurance
    Jul, 2013
    - Sep, 2024

Experience

  • CPF Financial Services
    • Kenya
    • Financial Services
    • 100 - 200 Employee
    • Audit, Risk & Compliance - Shari'ah Operations
      • Oct 2022 - Present

      • Assessing Shari’ah Governance Framework periodically to ascertain if a proper Shari’ah risk management framework for compliance to Shari’ah at all levels exists; • Examine the CPF Salih Retirement Fund's current situation and to check whether the Fund is adhering to Shari’ah rules and regulations; • To re-check if the investments undertaken in the period of review are Shari’ah compliant, lawful and not done in a manner that contradicts Shari’ah principles; • Assuring the public and… Show more • Assessing Shari’ah Governance Framework periodically to ascertain if a proper Shari’ah risk management framework for compliance to Shari’ah at all levels exists; • Examine the CPF Salih Retirement Fund's current situation and to check whether the Fund is adhering to Shari’ah rules and regulations; • To re-check if the investments undertaken in the period of review are Shari’ah compliant, lawful and not done in a manner that contradicts Shari’ah principles; • Assuring the public and stakeholders that their funds are invested in businesses that are in compliance to the Shari’ah; • Examine whether there is a framework to manage Shari’ah risk (an internal Shari’ah audit unit, systems that ensure segregation of funds; • Examine and advise on how the non-Shari’ah compliant earnings are treated; • Examining and advising on Shari’ah compliant investments / transactions; • Examining Shari’ah compliance in documentation including marketing materials, contracts, circulars, policies etc.; • Post audit reviews to monitor progress on the implementation of audit recommendations; • Reviewing and documenting audit responses to audit reports, initiate follow up action, and forwarding to the management all the recommendations for their action; • Making follow up audits on pending cases (collecting the audit client’s response) Show less • Assessing Shari’ah Governance Framework periodically to ascertain if a proper Shari’ah risk management framework for compliance to Shari’ah at all levels exists; • Examine the CPF Salih Retirement Fund's current situation and to check whether the Fund is adhering to Shari’ah rules and regulations; • To re-check if the investments undertaken in the period of review are Shari’ah compliant, lawful and not done in a manner that contradicts Shari’ah principles; • Assuring the public and… Show more • Assessing Shari’ah Governance Framework periodically to ascertain if a proper Shari’ah risk management framework for compliance to Shari’ah at all levels exists; • Examine the CPF Salih Retirement Fund's current situation and to check whether the Fund is adhering to Shari’ah rules and regulations; • To re-check if the investments undertaken in the period of review are Shari’ah compliant, lawful and not done in a manner that contradicts Shari’ah principles; • Assuring the public and stakeholders that their funds are invested in businesses that are in compliance to the Shari’ah; • Examine whether there is a framework to manage Shari’ah risk (an internal Shari’ah audit unit, systems that ensure segregation of funds; • Examine and advise on how the non-Shari’ah compliant earnings are treated; • Examining and advising on Shari’ah compliant investments / transactions; • Examining Shari’ah compliance in documentation including marketing materials, contracts, circulars, policies etc.; • Post audit reviews to monitor progress on the implementation of audit recommendations; • Reviewing and documenting audit responses to audit reports, initiate follow up action, and forwarding to the management all the recommendations for their action; • Making follow up audits on pending cases (collecting the audit client’s response) Show less

  • Gulf African Bank
    • Kenya
    • Banking
    • 100 - 200 Employee
    • Securities & Documentation
      • Jun 2019 - Sep 2022

      • Securities Documentation • Securities Perfection • Booking and Disbursements • Securities Documentation • Securities Perfection • Booking and Disbursements

  • Equity Bank Limited
    • Financial Services
    • 700 & Above Employee
    • Senior Officer - Credit Admin. - Islamic Banking
      • Jan 2015 - Jun 2019

      Credit Administration; Credit Report Coordination; Portfolio Analysis; Compliance Coordination

    • Senior Officer - Legal Admin
      • Jun 2011 - Jun 2019

      Timely Management and proper perfection of all the Bank Securities;

  • Kamotho Maiyo & Mbatia Advocates
    • Kenya
    • Legal Services
    • 1 - 100 Employee
    • Legal Assistant
      • Jan 2011 - Jun 2011

      Registry & Court Work Registry & Court Work

  • B M Musau & Co. Advocates
    • Pupil
      • Sep 2009 - Apr 2010

      Drafting Background Drafting Background

Education

  • Geneva School of Business and Economics
    Advanced Diploma in Islamic Banking and Fintech, Islamic Banking
    2021 - 2022
  • International Open University
    Bachelor of Science (B.Sc.), Islamic Economics, Banking & Finance
    2016 - 2020

Community

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