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
REGISTRATION IS CLOSED FOR THIS EVENT
Event Snapshots
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Programme – Event Session(s)
| Date | Time | Topics |
|---|---|---|
| Day 1 30/09/2013 |
FIS WORKSHOPS – DAY 1 | |
| 09:00 – 09:30 | Registration | |
| 09:30 – 10:00 | Opening Session: Opening Remarks by the IFSB and the Central Bank of Oman | |
| 10:00 – 10:15 | Coffee Break | |
| 10:15 – 11:15 | Introduction to Islamic Finance Concept and Contracts in Islamic Finance Specificities of Islamic Finance Introduction to Islamic Banking Operations Products of Islamic Banking | |
| 11:15 – 11:30 | Coffee Break | |
| 11:30 – 13:00 | Guiding Principles of Risk Management for IIFS IFSB-1 – Focus on Market Risk IFSB-1 – Focus on Liquidity Risk IFSB-1 – Focus on Rate of Return Risk Case Studies and Group Discussions | |
| 13:00 – 14:00 | Lunch & Prayers | |
| 14:00 – 16:00 | IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) Credit Risk & Supervisory Perspective Equity Investment Risk & Supervisory Perspective Operational Risk & Supervisory Perspective Market Risk & Supervisory Perspective Liquidity Risk & Supervisory Perspective Rate of Return Risk & Supervisory Perspective | |
| 16:00 – 16:15 | Coffee Break | |
| Day 2 01/10/2013 |
FIS WORKSHOPS – DAY 2 | |
| 09:30 – 11:15 | Case Studies and Experience Sharing Case Studies on Risk Management Sharing Experiences on Risk Management Practices in the IFSB Member Countries | |
| 11:15 – 11:30 | Coffee Break | |
| 11:30 – 13:00 | Services (Excluding Islamic Insurance (Takaful) Institutions and Islamic Mutual Funds Overview of IFSB-3 Guiding Principle on Corporate Governance An Overview of IFSB-3: Guiding Principles on Corporate Governance for Institutions Offering Only Islamic Financial Scope of the IFSB-3 Approach of the IFSB-3 Recommended Best Practices on Corporate Governance for the IIFS General Governance Approach of IIFS | |
| 13:00 – 14:00 | Lunch and Prayers | |
| 14:00 – 16:00 | Recommended Best Practices on Corporate Governance for the IIFS (Cont’d). Rights of Investment Account Holders (IAH) Compliance with Shari’ah Rules and Principles Transparency and Financial Reporting in Respect of IAH Case Studies and Group Discussion | |
| 16:00 – 16:15 | Coffee Break | |
| Day 3 02/10/2013 |
FIS WORKSHOPS – DAY 3 | |
| 09:30 – 11:15 | An Overview of IFSB-10: Guiding Principles on Shari’ah Governance Systems for Institutions Offering Islamic Financial Services Overview of Shari’ah Governance Systems General Approach to Shari’ah Governance Systems | |
| 11:15 – 11:30 | Coffee Break | |
| 11:30 – 13:00 | Recommendations of IFSB-10: Criteria for Sound Shari’ah Governance Systems Case Studies and Group Discussion | |
| 13:00 – 13:30 | Closing ceremony | |
| 13:30 – 14:40 | Lunch and Prayers | |
| Day 4 03/10/2013 |
SUPERVISORS FORUM | |
| 08:00 – 08:30 | Registration | |
| 08:30 – 08:45 | Opening Session: Opening Remarks by the IFSB | |
| 08:45 – 10:15 | Overview of the IFSB Standard on Supervisory Review Process Infrastructure for Effective Supervision Regulatory Capital Requirements Treatment of IAH Capital adequacy, Risk Management and Corporate Governance | |
| 10:15 – 10:30 | Coffee Break | |
| 10:30 – 12:00 | Related Party Transactions Transparency and Market Discipline Consolidated and Home-host Supervision Window Operations Supervisory Issues in Real Estate Investments Supervisory Issues in Islamic Windows | |
| 12:00 – 12:30 | Coffee Break & Prayers | |
| 13:15 – 14:15 | Experience sharing session Experience sharing by the IFSB members Case study | |
Downloadable Document(s)
| 1.) | Event Session(s) – PDF Format |
