Islamic Banking Functional Consultant

Job Description

Neptune, a rapidly growing Core Banking & Fintech digital banking solutions provider across the globe, is seeking a highly competent and independent Islamic Banking Functional Consultant to join our team in Chennai, to drive the development of business and product requirements for our Islamic banking initiatives. The Islamic Banking Functional Consultant will play a pivotal role in analyzing, designing, and documenting business and product requirements for Shariah-compliant financial products and services. The ideal candidate will possess deep expertise in Islamic banking principles and the ability to work independently to deliver high-quality requirement documents that align with business objectives and regulatory standards. The functional consultant can able to extend the common conventional banking modules Key Responsibilities: Gather and analyze detailed business requirements from Islamic banking clients, ensuring compliance with Shariah laws. Document functional specifications, business process flows, and user stories related to Islamic banking modules (Murabaha, Ijara, Mudarabah, Sukuk, etc.). Collaborate with product managers and developers to customize and configure core banking software for Islamic finance products. Coordinate with Shariah boards and compliance teams to validate product compliance. Support QA teams in preparing and executing test cases for Islamic banking features. Conduct user acceptance testing (UAT) and assist in client training and on boarding. Act as a liaison between clients and internal teams, managing expectations and project deliverables. Required Skills & Qualifications: Bachelors degree in Finance, Business, IT, or a related field. Strong understanding of Islamic banking principles and Shariah-compliant financial products. Experience with core banking systems and software development life cycles (Agile/Scrum preferred). Ability to translate complex Islamic finance requirements into clear technical specifications. Experience writing BRDs, FSDs, and creating process models. Familiarity with Islamic banking standards such as AAOIFI and IFSB. Excellent communication, analytical, and stakeholder management skills. Certifications in Business Analysis (CBAP/CCBA) and/or Islamic Finance (CIMA IFQ, AAOIFI) are a plus. Preferred Experience: Minimum 5 years in banking or financial services, with at least 2 years focused on Islamic banking.