The SCF should assess the staff awareness in relation to knowledge and skills that they need to possess to adequately fulfil their job duties, as per the responsibilities specified in the employee’s job description, without violating the provisions of Islamic Shari’ah.
b.
Determination of the type of knowledge and skills each employee needs to possess should depend on the nature of the employee’s responsibilities. For example, personnel with responsibility to execute the exchange of currency should be equipped with knowledge and skills specifically related to:
1.
execution of all necessary steps or processes in currency exchange, which the employee is responsible for executing in line with parameters of Islamic Shari’ah.
2.
reasonable understanding of SNC risks that may arise from this type of transaction, their potential consequences and steps or actions required to adequately manage the risks in order to prevent potential incidents from occurring.
c.
The IFI should develop proper training and staff awareness programme.