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The Islamic Financial Services Board (IFSB) is organising the 4th Seminar on Legal Issues in the Islamic Financial Services Industry on 28 – 29 September 2009 at Lanai Kijang, Bank Negara Malaysia, Kuala Lumpur.
The Seminar will bring together expert contributions from among regulators, legal practitioners and consultants on pertinent issues and challenges faced in enhancing the legal framework of the evolving Islamic financial services industry.
The 4th Seminar on Legal Issues in the Islamic Financial Services Industry aims to achieve the following objectives:
- To collect and record data on the various legal environments in which IIFS operate, and draw from the experiences of different jurisdictions in order to better understand and analyse the effectiveness of appropriate legal and regulatory framework for Islamic finance;
- To review the legal requirements in specific areas which are developing but critical in driving the industry forward. In particular, to focus on areas such as Sharī`ah Board's functions, liquidity management and dispute resolutions; and
- To discuss in depth the interface between the Sharī`ah and modern legal frameworks, as such interaction is fundamental to every single Sharî`ah-compliant finance contract used by IIFS. This requires that the knowledge and understanding of Sharī`ah scholars and legal practitioners of these issues are both hands-on and up-to-date at all times.
The Seminar programme is designed to focus on the following areas:
- Duties and responsibilities of Sharī`ah Boards from a legal and regulatory perspective;
- IFSI insolvency and asset recovery framework - Gaps and challenges;
- Interlink/interface between civil law systems and Sharī`ah rules and principles and effective dispute resolution mechanism; and
- Challenges in managing legal risks in Islamic financial services
The Keynote and Opening Addresses will be delivered by The Hon. Sir William Blair, High Court Judge of the Queen's Bench Division, United Kingdom and Professor Rifaat Ahmed Abdel Karim, Secretary-General of the IFSB respectively.
Prior to the Seminar, Bank Negara Malaysia (BNM) will organise the SEACEN-BNM Banking and Financial Law School 2009 (BFLS) on 24 – 25 September 2009. Should you also wish to attend the BFLS, please call the below contact person for further details. Please take note that attending the BFLS entitles you for free entry to the IFSB Seminar.
For enquiries and registration, please contact:
4th Seminar on Legal Issues in the Islamic Financial Services Industry
Ms. Prudence Lee
Islamic Financial Services Board (IFSB)
Tel: +603 2698 4248 ext: 133
Email: prudence@ifsb.org
SEACEN-BNM Banking and Financial Law School 2009
Mr. Joseph Leong
Institute of Bankers Malaysia (Institut Bank-Bank Malaysia - IBBM)
Tel: +603 2095 6833 ext: 165
Fax: +603 2095 7822
Email: lead@ibbm.org.my
URL: www.ibbm.org.my
