Manager, Islamic Capital Market and Investment Solutions

Location: Addis Ababa

Organization: Kifiya

Deadline: November 19, 2026

Job Description

• Department: Shariah Financial Solutions
• Reports To: Chief, Shariah Financial Solutions Officer

About Kifiya:

Kifiya is an AI-powered financial and market infrastructure company advancing inclusive economic growth across Africa. We design and deploy risk decisioning systems, intelligent financial infrastructure, and market linkage platforms that unlock credit, insurance, payments, and capital access for MSMEs and smallholder farmers. We build the AI, data, and financial infrastructure that helps financial institutions serve hard-to-finance segments at scale.

Business Unit Description

The Shariah Financial Solutions Department designs, governs, and scales Shariah-compliant financial infrastructure across Kifiya’s verticals. The unit institutionalizes asset-backed, risk-sharing, and ethically structured financing models aligned with AAOIFI and global Islamic finance standards.

Position Summary

The Manager, Islamic Capital Market and Investment Solutions leads the structuring, execution, and performance management of Shariah-compliant capital formation initiatives across Kifiya’s ecosystem.

The role designs Sukuk structures, Islamic investment vehicles, Wakalah liquidity frameworks, and Shariah-compliant securitization models that mobilize institutional and impact capital into MSME, AgriFin, asset finance, and Takaful portfolios.

This position ensures that capital mobilization strategies are compliant with AAOIFI standards, commercially viable, risk-aligned, digitally trackable, and scalable across markets.

The Manager bridges Islamic jurisprudence with structured finance engineering and capital technology infrastructure.

Key Responsibilities

Islamic Capital Structuring and Financial Engineering

Design and structure Shariah-compliant capital instruments including:

• Sukuk structures asset-backed and asset-based
• Wakalah investment pools
• Mudarabah and Musharaka investment vehicles
• Islamic securitization of receivables
• Green and climate-focused Islamic instruments

Ensure genuine asset linkage and risk-sharing principles are preserved.

Prepare detailed term sheets, structure diagrams, and transaction documentation frameworks.

Collaborate with legal advisors to ensure enforceability and compliance.

Sukuk Program Development

• Lead feasibility assessment and structuring of Sukuk issuance programs.
• Develop receivables-backed or asset-backed Sukuk models aligned with Kifiya’s financing portfolios.
• Coordinate with rating agencies, trustees, legal counsel, and regulators.
• Prepare investor documentation including information memoranda and risk disclosures.
• Support pricing strategy and yield structuring aligned with market benchmarks.

 Wakalah Liquidity and Investment Pool Management

• Design Wakalah-based liquidity pools to fund Shariah-compliant financing verticals.
• Establish profit allocation methodologies and reserve mechanisms.
• Align liquidity planning with financing growth forecasts.
• Monitor pool performance, capital utilization, and risk exposure.
• Ensure transparency in profit distribution and expense allocation.

Institutional Capital Mobilization

Engage with:

• Islamic banks
• Development finance institutions
• Impact investors
• Sovereign wealth funds
• Pension funds
• Islamic investment funds

Present structured Shariah-compliant investment propositions.

Lead due diligence processes and investor engagement sessions.

Negotiate investment terms and capital participation agreements.

Build a pipeline of institutional Islamic capital partners.

Blended and Impact Islamic Finance

Design Shariah-aligned blended finance models combining:

• Concessional capital
• Impact capital
• Zakat-aligned social funds
• Commercial institutional capital

Structure risk-sharing frameworks that preserve compliance and capital protection.

Enable catalytic capital deployment into underserved segments.

Integration with Financing Vertical Portfolios

Align capital structures with:

• MSME financing portfolios
• Agricultural Salam portfolios
• Asset-based Ijara financing
• Takaful-backed structures

Ensure capital deployment discipline and risk tier alignment.

Coordinate with Risk and Analytics to monitor portfolio performance against capital covenants.

Governance, Compliance, and Shariah Alignment

• Work closely with Contractual Shariah Advisor and future Shariah Board to secure certification of capital structures.
• Ensure documentation complies with AAOIFI and IFSB standards.
• Maintain governance logs and audit readiness.
• Engage regulators on Islamic capital market approvals where required.

Capital Performance Monitoring and Reporting

Track and report on:

• Capital mobilized
• Yield performance
• Capital utilization efficiency
• Covenant compliance
• Investor reporting obligations
• Portfolio risk metrics

Develop dashboards for executive visibility.

Ensure transparency and investor confidence through structured reporting.

Technology and Capital Infrastructure Integration

Coordinate with Capital Technology teams to:

• Digitize Sukuk documentation flows
• Automate profit distribution calculations
• Enable digital investor reporting
• Integrate asset tracking and compliance logs

Ensure Islamic capital instruments are digitally trackable and scalable.

Key Outputs

• Structured and launched Shariah-compliant capital vehicles
• Successful Sukuk feasibility and execution initiatives
• Operational Wakalah liquidity pool frameworks
• Institutional capital mobilization targets achieved
• Investor reporting compliance and transparency
• Portfolio-aligned capital deployment efficiency
• Shariah audit clearance of capital structures
• Scalable Islamic capital market infrastructure

Qualifications and Experience

Education

• Bachelor’s degree in Finance, Economics, Islamic Finance, Law, or related field.
• Master’s degree preferred.
• Professional certification in Islamic Finance highly desirable.

Experience

• Minimum 8 to 12 years of experience in capital markets, structured finance, Islamic banking, or investment management.
• Demonstrated experience in Sukuk structuring or Islamic investment vehicle design preferred.
• Strong knowledge of AAOIFI standards and Shariah governance frameworks.
• Experience engaging institutional investors and leading due diligence processes.
• Exposure to emerging market capital mobilization and blended finance advantageous.

Core Competencies

• Islamic Capital Markets Structuring
• Sukuk and Structured Finance Engineering
• Wakalah and Investment Pool Design
• Institutional Investor Engagement
• Blended Finance and Impact Structuring
• Shariah Governance Alignment
• Capital Risk and Covenant Management
• Financial Modeling and Analytical Rigor
• Digital Capital Infrastructure Integration