IFSB organises two seminars in December 2010

IFSB organises two seminars in December 2010

Kuala Lumpur, 9 November 2010 – The Islamic Financial Services Board (IFSB), the international organisation that sets prudential standards for the Islamic financial services industry (IFSI), is organising two seminars in December 2010. The two seminars will attempt to enhance awareness on: 1) the legal issues in the Islamic financial services industry; and 2) the role of Islamic finance in the development of Africa.

The Seminars are open for participation by the IFSB member organisations, as well as the business, legal, and financial community at large. The IFSB membership currently stands at 195 organisations from 40 countries. The following programme agendas and registration forms are available on the IFSB website (www.ifsb.org).

1. 5th IFSB Seminar on Legal Issues in the Islamic Financial Services Industry

          2- 3 December 2010 | JW Marriott Hotel, Jakarta, Indonesia
          Website: www.ifsb.org/legal2010

Bank Indonesia is hosting this Seminar on Legal Aspects of Islamic Asset Securitisation and Insolvency Regimes. The Seminar, the fifth in the IFSB Legal Seminar series, attempts to discuss issues relating to the legal aspects of Islamic asset securitisation and insolvency regimes in the Islamic financial services industry. The Seminar is targeting legal practitioners, supervisory and regulatory authorities, market players and international inter-governmental institutions. It will address the following topics: 1) Sharī`ah Compliance and Legal Framework in Stable Islamic Financial Markets; 2) Sharī`ah Compliance and Legal Framework in Emerging Markets; 3) Effective Financial Market Regulation and Prudential Supervision of Sharī`ah-Compliant Securitisation; 4) Insolvency Regimes: Regulatory and Legal Challenges in Islamic Finance; and 5) Sharī`ah-Compliant Asset Securitisation: Moving Forward

Among the confirmed speakers are:

• Professor Datuk Rifaat Ahmed Abdel Karim, Secretary-General, Islamic Financial Services Board
• Dr. Halim Alamshah, Deputy Governor, Bank Indonesia
• Mr. Gopala Krishnan Sundaram, Assistant Governor, Bank Negara Malaysia
• Mr. Ashraf Mohammed, Assistant General Counsel, Asian Development Bank
• Dato’ Dr. Nik Ramlah Mahmood, Managing Director and Executive Director, Securities Commission of Malaysia
• Mr. Lotfi Zairi, Senior Officer, Islamic Corporation For The Insurance of Investment and Export Credit, Saudi Arabia, Saudi Arabia
• Mr. Hamid Yunis, Partner, Taylor Wessing, UK
• Mr. Ayman Khaleq, Partner, Vinson & Elkins LLP, United Arab Emirates
• Mr. Madzlan Mohd Hussain, Partner, Zaid Ibrahim and Co, Malaysia
• Dr. Andrew White, Associate Professor of Law & Director, International Islamic Law and Finance Centre, Singapore Management University, Singapore

2. Seminar on The Role of Islamic Finance in the Development of Africa

          21 December 2010 | Al Salam Rotana, Khartoum, Sudan
          Website: www.ifsb.org/islamicfinanceafrica2010

This Seminar will discuss the growth potential of Islamic financial services in Africa and how it can contribute in the development of the Continent. It is the first IFSB Seminar to be held catering specifically to the African nations, and aims to increase awareness on the Islamic financial services industry among African countries. The one day Seminar will bring together an experienced international group of chairpersons and speakers, with a projected audience of over 200 delegates from all sectors of the financial services across the Continent. Participation is also expected from organisations/countries with interest in exploring the ample business opportunities offered by Africa. The Seminar  will address the following topics: 1) Outlook for Islamic Financial Services in the Development of Africa; 2) The Building Blocks of Islamic Financial Services; 3) Exploring Islamic Financial Services and Product; and 4) Islamic Financial Services and the Development of Africa – Present Opportunities and Future Challenges.

Among the confirmed chairpersons and speakers are:

• H.E. Sanusi Lamido Aminu Sanusi, Governor, Central Bank of Nigeria
• H.E. Dr. Sabir Mohamed Hassan, Governor, Central Bank of Sudan
• Professor Datuk Rifaat Ahmed Abdel Karim, Secretary-General, Islamic Financial Services Board
• Mr. Abdullah Haron, Assistant Secretary-General, Islamic Financial Services Board
• Mr. Maher Hassan, Deputy Division Chief, International Monetary Fund
• Mr. Alwaleed F. Alatabani, Senior Financial Sector Specialist, Finance and Private Sector Development Group, The World Bank Group
• Dr. Abdel-Rahman Eltayeb Ali Taha, Chief Executive Officer, Islamic Corporation For The Insurance of Investment and Export Credit, Saudi Arabia
• Professor Voker Nienhaus, Former President, University of Marburg, Germany
• Mr. Osman Babiker Ahmed, Training Manager, IRTI-IDB, Saudi Arabia

The Seminar is preceded by a workshop on Introduction to Islamic Finance and the IFSB Standards on 20 December 2010. This Workshop is for those participants who wish to familiarise themselves with the Islamic financial services industry and the work of the IFSB.

For further enquiries on participation in these Seminars, please email the IFSB Secretariat at [email protected]. Online registration is also available at www.ifsb.org.