November 23, 2011
@
1:30 PM
–
5:30 PM
Since the IFSB-11: Standard on Solvency Requirements for Takāful (Islamic Insurance) Undertakings was published in December 2010, the Standard has received various feedback from the public with regards to its applicability to the existing Takāful operators (TO). Many TOs have the impression that the IFSB did not address the pertinent issues with regards to the fungibility of the Shareholders’ Fund and the Participants’ Funds. The Global Takāful Group (GTG) has expressed its wish to be heard. This IFSB Roundtable Discussion is hoped to assist the GTG understand better the true intention of the document. This Roundtable Discussion is supported by Prudential HK Limited and Amana Takaful and participation is by Invitation Only. For more information, please email to Ms. Yazmin Aziz at
[email protected].
Programme – Event Session(s)
| Date |
Time |
Topics |
| Day 1
23/11/2011 |
13:30 – 15:00 |
Session 1 Overview of the 7 Key Features of IFSB-11 Issues to be discussed: -Takāful versus Insurance -Earmarked Qarḍ -Solvency by Funds |
| 15:00 – 15:30 |
Coffee Break & Networking |
| 15:30 – 17:30 |
Session 2 IFSB’s Viewpoint on Solvency Requirements for Takāful Issues to be discussed: -Imposition of Qarḍ -Artificial Deficit of Funds |
Downloadable Document(s)
