أبريل 10, 2016
@
8:30 صباحًا
–
أبريل 12, 2016
@
5:30 مساءً
يستضيف البنك المركزي المصري فعاليات الاجتماعات السنوية لمجلس الخدمات المالية الإسلامية للعام 2016.
المشاركة في كل من الاجتماع الــ 28 للمجلس الأعلى، والاجتماع الــ 14 للجمعية العمومية، ومنتدى الاستقرار المالي الإسلامي الــ 13، وحفل العشاء الترحيبي، تتم من خلال الدعوة فقط. مزيد من المعلومات يمكنكم الاستفسار عن هذه الفعاليات من خلال التواصل مع أعضاء الأمانة العامة حسب الآتي:
1) اجتماع المجلس الأعلى، والجمعية العمومية، وحفل العشاء الترحيبي: السيدة/ نور خير النساء محمد زواوي (البريد الإلكتروني:
[email protected])
2) منتدى الاستقرار المالي الإسلامي: السيدة/ يزمين عزيز (
[email protected])
كما سوف تنعقد الفعاليات الأخرى المصاحبة للاجتماعات السنوية لعام 2016 كالآتي:
1) ندوة مجلس الخدمات المالية الإسلامية حول أسواق رأس المال الإسلامية : إيدا شافيناز عبد الملك (
[email protected])
2) المحاضرة العامة الثامنة حول السياسات المالية والاستقرار : إيدا شافيناز عبد الملك (
[email protected])
3) الملتقى الدوري لأعضاء المجلس والجهات الفاعلة في صناعة التمويل الإسلامي: السيد إفران ترمزي (البريد الإلكتروني:
[email protected])
لقطات من الحدث
The IFSB organised four Side Events in conjunction with the IFSB Annual Meetings 2016 on 10 – 12 April 2016 in Cairo, Egypt, hosted by Central Bank of Egypt.
The first event was a
Seminar on Islamic Capital Market, held on 10 April 2016. Themed
“Supporting Development through Sukūk: Prospects and Initiatives”, the Seminar aimed to provide an interactive environment enabling speakers and participants to explore the prospective role of
Sukūk in social and economic development through the aforementioned roles. The Seminar offered perspectives of
Sukūk that revolved around the key challenges.
Mr. Gamal Negm, Deputy Governor, Central Bank of Egypt and
Mr. Jaseem Ahmed, Secretary General of the IFSB delivered the opening and welcoming speeches respectively. The keynote address was delivered by
H.E. Sherif S. Samy, Chairman of the Egyptian Financial Supervisory Authority.
Fourteen chairpersons and speakers from among regulators and market players sector discussed the following issues at the Seminar:-
- Development of the Sukūk Sector: Legal and Regulatory Considerations
- Panel Discussion – Sukūk for Budgetary and Financial Sector Support: Structures and Country Examples
- Sukūk for Infrastructure Financing: Prospects and Case Studies
- Panel Discussion on Building Synergies for Sukūk Issuances
Over 100 delegates from 16 jurisdictions among the IFSB member and non-member organisations – representatives from market players, regulatory bodies, international agencies as well as academia and other interested parties from the public attended this Seminar.
On 11 April 2016, the IFSB organised its
8th Public Lecture on Financial Policy and Stability. The Lecture, delivered by
Dr. Sami Al Suwailem, Head, Financial Product Development Center, Islamic Development Bank carried the theme,
Morality, Rationality and Financial Stability.
Mr. Jaseem Ahmed and
Mr. Tarek Fayed, Sub Governor, Central Bank of Egypt delivered the opening and welcoming speeches. The Lecture saw the attendance of 100 participants from among the IFSB members, regulatory and supervisory bodies, as well as the government, private, legal and educational sectors in Egypt.
The Public Lecture was followed by a Members and Industry Engagement Session which aimed to provide a platform for the IFSB members and greater financial community an insight and update into the work of the IFSB, its relevance to the development of the global industry, and the role the stakeholders (members and non-members) can play in this development.
The session was attended by 50 participants consisting of the IFSB members and the Egyptian local financial community, where
Mr. Tarek Fayed delivered the Opening Remarks. The Opening Remarks was followed by a presentation titled,
Global Outlook of Islamic Finance, by
Mr. Jaseem Ahmed, Mr. Zahid Ur Rehman Khokher, Assistant Secretary-General of the IFSB also delivered a presentation titled,
Stakeholders Engagement in Supporting the Sound Development of Islamic Financial Services Industry.
The 13
th Islamic Financial Stability Forum was held on 12 April 2016, after the IFSB Council and General Assembly meetings. The topic of this year’s IFSF was
Consumer Protection in Islamic Finance.
Professor Volker Nienhaus, Former President, University of Marburg, Germany, and IFSB Consultant was the speaker of the 13
th IFSF and presented the topic,
Consumer Protection in Islamic Finance. His presentation, which is based on an IFSB Working Paper series, Financial Consumer Protection in Islamic Finance stated that most of the issues in consumer protection covers both conventional and Islamic segments of the financial system. The discussants were
Ms. Nariman Abdulla Kamber Al Awadhi, Chief Manager, Consumer Protection Unit, Central Bank of the United Arab Emirates and
Mr. Khairul Nizam, Chief Operating Officer, Finance Accreditation Agency, Malaysia.
Programme – Event Session(s)
| التاريخ |
الوقت |
موضوع الورشة |
| Day 1
10/04/2016 |
SEMINAR ON ISLAMIC CAPITAL MARKET (OPEN SESSION) |
| 08:30 – 09:30 |
Registration |
| 09:30 – 10:30 |
Welcoming Remarks and Keynote |
| 10:30 – 11:00 |
Coffee break |
| 11:00 – 12:15 |
Session 1: Development of the Sukūk Sector: Legal and Regulatory Considerations As one of the fastest growing segments of the Islamic financial services industry, the Sukūk market poses important legal and regulatory challenges. One of the most important legal issues of the Sukūk market is the different legal treatments for asset-based and asset-backed Sukūk structures and their effects on risks, particularly legal risk, that are endogenous to a particular Sukūk issuance. Furthermore, in view of the potential multi-national investor base and the global appeal of these instruments, the standardisation of the structures and processes along with the legal and tax treatment in different jurisdictions, the set-up of effective mechanisms for dispute resolution, and enforceability of the Sukūk contracts are also important issues that feature as determinants of the attractiveness of the instrument and jurisdiction. Apart from the legal issues, the provision of a sound regulatory and supervisory regime is critical in order to ensure that the Sukūk instruments comply with key consumer protection aspects as well as operate in an environment that limits the exposure to system-wide risks. |
| 12:15 – 13:30 |
Session 2: Sukūk for Budgetary and Financial Sector Support: Structures and Country Examples Since the GFC, the share of Sukūk issued by sovereigns, quasi-sovereigns (Ministries/Central Banks, etc.) and government-related entities (GREs) has risen noticeably from 2009 onwards, accounting for more than two-thirds of issuances in the primary market. These funds have been raised to support a variety of state budgetary needs including to fund development expenditures, as well as to support a smooth functioning of the country’s Islamic financial system. Moreover, a steady supply of Sovereign/GRE Sukūk has had the complementary advantage of providing much-needed Sharī`ah-compliant investment avenues to various Takāful and Islamic fund management institutions. Furthermore, sovereign or quasi-sovereign Sukūk are eligible as high-quality liquid assets for regulatory purposes related to capital-adequacy and liquidity management by Islamic banks. These Sukūk also provide a pricing benchmark for other potential Sukūk issuers (Corporates) in the country. Given the interrelated advantages for a regular state-sponsored Sukūk programme, it is important to understand the developmental aspects and financial infrastructure dimensions which are critical to support such initiatives by a jurisdiction. In this regard, lessons can be learned from the experience of countries that already have regular sovereign-linked Sukūk issuance programmes in place. |
| 13:30 – 14:30 |
Lunch and Prayers |
| 14:30 – 15:45 |
Session 3: Sukūk for Infrastructure Financing: Prospects and Case Studies The global decline in the supply of syndicated bank loans and project financing by the banking sector for the infrastructure projects in the post-crisis era, mostly due to deleveraging and additional capital requirements, has widened the infrastructure funding gap in the context of expanding socio-economic needs and goals. In such an environment, Sukūk, with its tangible asset base, and appeal to a wide set of investors, can be an attractive form of financing that complements traditional financing. Indeed, appropriately structured Sukūk, with its risk sharing characteristics, may help to address key impediments to financing of infrastructure in the form of construction risk and equity concentration risk. In this respect, Asia with its rapidly growing population, the MENA region with its drive for upgrading its infrastructure services and Africa as an untapped market with acute infrastructure investment needs are the principal regions in which the potential Sukūk market is expanding. |
| 15:45 – 16:15 |
Coffee break |
| 16:15 – 17:30 |
Session 4: Panel Discussion on Building Synergies for Sukūk Issuances The panel will address the challenge and opportunities for Islamic finance, and in particular for Sukuk, in an environment in which commodity prices have fallen, budgets are in need of alternative financing sources, and new regulatory requirements come into place for active and deep financial markets under Basel III. The panel will seek to develop insights and proposals for both policy makers and the private sector from the perspective of development of Sukūk markets, and meeting the increased demand for Sukūk issuances. In particular, the panel will examine the potential for public-private synergies in the development of a Sukūk-friendly legal and regulatory framework, and for a sound supportive institutional structure, as well as for knowledge sharing and capacity development goals. |
| Day 2
11/04/2016 |
8TH IFSB PUBLIC LECTURE ON FINANCIAL POLICY AND STABILITY (OPEN SESSION) |
| 08:30 – 09:30 |
Registration |
| 09:30 – 09:45 |
Opening Remarks |
| 09:45 – 11:00 |
Lecture – Morality, Rationality and Financial Stability |
| 11:00 – 11:30 |
Coffee Break and Networking |
| 12:30 – 14:30 |
Meet the Members and Industry Engagement Session – Lunch (Open Session – Industry and Market Players) |
| 20:00 – 22:00 |
Welcome Dinner (IFSB Members Organisation ONLY) |
| Day 3
12/04/2016 |
09:00 – 12:30 |
28th Meeting of the Council of the IFSB (Full and Council Members of the IFSB ONLY) |
| 12:30 – 13:30 |
14th General Assembly (IFSB Members Organisation ONLY) |
| 13:30 – 15:00 |
Lunch |
| 15:00 – 16:30 |
13th Islamic Financial Stability Forum (For IFSB Council and Full members, Regulatory Authorities and International Organisations ONLY) Theme: Consumer Protection in Islamic Finance The 13th Islamic Financial Stability Forum will seek to examine and draw on experiences in developing consumer protection frameworks for Islamic Financial Services Industry and identifying opportunities and direction for future work in this critical areas. Speaker: Professor Dr. Volker Nienhaus, Consultant, Islamic Financial Services Board (IFSB) |
Downloadable Document(s)
