Islamic-Treasury Liquidity Leader

The mandate

Subsidiaries maintain separate Islamic deposits, commodity placements, working-capital facilities and guarantees while the group borrows elsewhere. Cash is visible after close but not always transferable because legal, tax, operational and Shariah treatment differs. The board has created a fourteen-month executive seat to build group liquidity before major capital spending, while a permanent role and supervisory governance are established.

The interim leader will create a cash and funding model that identifies permissible instruments, ownership, use, transfer route and supporting transaction. Work includes daily liquidity, placement and facility economics, intercompany funding, commodity execution controls, bank concentration, cash forecasting and governance with the Shariah committee. Qualified scholars and counsel own compliance opinions; treasury ensures approved structures are executed and evidenced faithfully.

A permanent Islamic-treasury executive will be selected by month eight and lead the final group funding cycle plus one subsidiary transfer decision. Handover requires the successor to choose between placement and debt reduction, challenge an instrument’s operating evidence and explain liquidity to both finance and Shariah governance. The transfer includes approved structures, bank terms, cash restrictions, transaction controls, forecasts and unresolved entity barriers.

The seat can direct liquidity and approved instrument execution, consolidate bank views, set evidence standards, allocate facilities inside delegated limits and recommend subsidiary distributions. It cannot issue a Shariah ruling, interpret tax or law, sign facilities, trade unauthorised commodities, override entity boards, accept counterparty exposure beyond limits or use structures not approved by the supervisory committee.

The remit excludes serving as Shariah scholar, legal counsel, permanent finance chief or subsidiary controller. Success means available cash and funding are visible, approved transactions reconcile, idle liquidity and duplicate borrowing fall, committee and treasury roles are clear and permanent leadership can act. Structural form unsupported by genuine transaction steps and evidence will not qualify as compliant liquidity management.

Why this seat is open

The group has grown through decentralised businesses whose banking arrangements and Shariah practices are individually established but economically fragmented. Upcoming capital needs make waiting for permanent recruitment costly. A temporary executive can integrate liquidity now, establish respect for supervisory authority and define a permanent treasury seat through live entity and instrument decisions. Immediate discipline also reduces avoidable duplicate funding.

What you will own

• Map cash, placements, facilities, guarantees and intercompany positions by entity, currency, restriction, use and approved structure.
• Establish daily liquidity and forecast standards that distinguish book balance, available cash, committed use and transferability across regulated and joint-venture entities.
• Compare approved placements, debt reduction and funding instruments for return, cost, tenure, liquidity, counterparty exposure and documented Shariah treatment.
• Design transaction evidence for commodity purchase, ownership, sale, cash movement, fee and reconciliation where applicable.
• Govern bank concentration, facility readiness, dealing controls and segregation with Shariah committee review points.
• Chair subsidiary liquidity decisions while preserving entity-board, counsel and supervisory committee authority.
• Induct the successor through funding and transfer choices and deliver the structure register and remaining barriers.

Candidate qualifications

• Has led Islamic treasury for a diversified corporate, infrastructure group or financial institution across multiple entities.
• Understands Shariah-compliant deposits, commodity transactions, facilities, guarantees, intercompany funding and liquidity transfer.
• Has worked constructively with supervisory committees while keeping execution, evidence and economics accountable to treasury.
• Can reduce duplicate borrowing and idle cash without assuming legal or tax transferability between subsidiaries.
• Has governed genuine transaction steps and controls rather than relying on product labels or documentation form.
• Demonstrates permanent leadership transfer through live instrument, entity and bank concentration decisions.

Non-negotiables

• Will maintain the Kuala Lumpur hybrid cadence and attend subsidiary reviews and quarterly Shariah–treasury councils.
• Must disclose relationships with Islamic banks, commodity platforms, scholars, advisers, subsidiaries and counterparties.
• Brings group Islamic-treasury execution; conventional cash pooling with renamed instruments is insufficient.
• Will not issue religious or legal opinions or execute a structure lacking supervisory approval and transaction evidence.

1. 49 words maximum. Which transaction evidence would you inspect before recognising an Islamic commodity placement?
2. 49 words maximum. How would you compare idle subsidiary cash with group debt without assuming transferability?
3. 49 words maximum. What live instrument decision must the permanent executive own before handover?