Digital Transformation Specialist for Islamic Finance

1 day ago


Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time
Job Description

To spearhead the development and deployment of pioneering Islamic Financial solutions harnessing cutting-edge technologies such as Blockchain, smart contracts, and artificial intelligence to address economic development challenges facing Member Countries & Muslim communities worldwide, aligning with the principles of Islamic economics and finance.

Key Responsibilities
  • Contribute to business growth by developing innovative knowledge solutions that align with the Institute's strategic objectives.
  • Lead extensive research and provide informed recommendations on the most effective technologies and solutions in Blockchain, Distributed Ledger Technology, Smart Contract, and Crypto economy, particularly in the Financial Industry.
  • Assess technological and development challenges faced by Member Countries in embracing Blockchain-based products and solutions, conceptualize, and develop relevant use cases to address these challenges.
  • Evaluate the impact of existing and emerging policies and regulations in Member Countries on their ability and willingness to adopt digitally enabled financial products and solutions.
  • Oversee the development of groundbreaking solutions in collaboration with external and internal sources and supervise them to serve the Islamic finance sector and Islamic Fintech industry.
  • Lead the identification and mapping of local and regional key digitalization players in Member Countries and their service offerings, which cater to Islamic Financial Institutions.
  • Develop solution descriptions, models, prototypes, and Proof of Concept (PoC) for intended solutions by concerned Technical Partners and conduct pilot solution testing for hypothesis validation.
  • Evaluate the impact of existing and emerging policies and regulations in Member Countries on their ability and willingness to adopt digitally enabled financial products and solutions.
  • Provide regular progress reports to the Direct Supervisor on performance and results.
  • Promote collaboration with worldwide patent offices for registration and/or filing of patents/copyrights/intellectual property rights to safeguard Institute's proprietary solutions.
  • Maintain close links with other development agencies and IFIs to coordinate and align activities related to FinTech.


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