Islamic Bank Jobs
The Islamic faith states that money should not be perceived to have value in itself, and acts purely as a way to exchange goods and services. Shariah explains that money should not earn interest, and banks should not make money directly from lending. This means there is a whole industry around Islamic finance and Islamic bank jobs can be a rewarding career if you are of the Muslim faith.
What are Islamic Banks?
Islamic banks are based on the Islamic legal system of Shariah, which prohibits the payment or receipt of interest. This type of banking is not a new concept, and can be traced back to the Middle Ages. Islamic banks can pay profit to their savers, and they make money through investments, which must be shariah-compliant.
The industry is interesting, and while you don’t have to be Muslim to work in Islamic banks, it helps to understand the faith.
Qualifications to Work in Islamic Banks
There are many positions available in Islamic banks, from customer service to investment banking. The most important thing is to have the right qualifications for the role you’re applying for.
A degree in a finance-related subject is helpful, and there are specific Islamic finance qualifications that can help you to work in the industry. A knowledge of shariah and the faith is essential in order to understand the values of the religion when it comes to money and interest.
The level of qualification required depends on what position you are applying for, with some administrative positions requiring more basic skills.
Can Muslims Work in Other Banks?
In the eyes of the law, there is nothing preventing Muslim people from working in non-Islamic banks. Their rights are protected within the workplace.
Many diversity-positive employers are happy to take on Muslim employees. However, the way that many banks make their money is against the Islamic faith, so many people are not comfortable being employed in these organisations.
Job Opportunities in Islamic Banks
Our network of inclusive and diversity-positive employers is a great place to start your search. Our jobs board is regularly updated with new job opportunities, including those in the finance industry and even within Islamic banking.