To enhance the awareness of the IFSB Standards, since 2007 the IFSB organises a series of initiatives called Facilitating Implementation of the IFSB Standards (FIS) Workshops.
These IFSB-FIS Workshops are designed specifically for the Banking sector and attended by 49 participants from 7 countries. Participants ranged from regulatory and supervisory authorities, to market players. The Workshops have successfully covered the following topics:
IFSB-1: Guiding Principles of Risk Management
IFSB-3: Corporate Governance
IFSB-10:Sharî’ah Governance System
Subsequent to these Workshops, the IFSB organised a Supervisors Forum, specifically for supervisors to discuss the IFSB Standard on Supervisory Review Process (IFSB-5) as well as share experiences on its implementation.
The Workshops and Forum addressed practical issues that participants are likely to encounter in implementing the IFSB Standards and Guiding Principles, these Workshops were hosted by the Central Bank of Oman
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