6th Islamic Financial Services Board Summit: The Future of Islamic Financial Services

The Monetary Authority of Singapore is hosting this Summit. For more information on sponsorship and participation opportunities, please email [email protected] / [email protected] Programme – Event Session(s)

Date	Time	Topics
Day 1 05/05/2009	09:30 – 11:00	Public Hearing on IFSB Exposure Draft 8 Guiding Principles on Governance for Islamic Insurance (Takaful) Operations
	11:00 – 11:30	Coffee Break
	11:30 – 13:00	Public Hearing on IFSB Exposure Draft 9 Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services
	13:00 – 14:00	Lunch
	14:00 – 15:30	Public Hearing on IFSB Exposure Draft 10 Guiding Principles on Shari’ah Governance System
Day 2 06/05/2009	11:00 – 11:30	Registration for MALAYSIA Showcase
	11:30 – 13:30	Malaysia Showcase & Networking Session
	14:00 – 14:30	Registration for KOREA Showcase
	14:30 – 16:30	Korea Showcase and Networking Session
	20:00 – 22:00	Summit Welcome Dinner Hosted by Monetary Authority of Singapore
Day 3 07/05/2009	08:30 – 09:30	Registration for 6th IFSB Summit
	09:30 – 10:30	Opening and Keynote Session
	10:30 – 11:00	Networking Session and Coffee Break
	11:00 – 12:30	Session 1: The Islamic Financial Services Landscape Where is the Islamic financial services industry (IFSI) in terms of its current level of development and soundness vis-à-vis conventional finance? What is the potential growth of the Islamic financial services industry? Is consolidation among market players and realignment of business structure imminent in view of the nature of the Islamic financial services industry and the need to compete with conventional institutions?
	12:30 – 14:00	Lunch & Keynote Address
	14:00 – 15:30	Session 2: Competitive Strategies of IFSI Are the current strategies adopted by IFSI market players effective to compete at the global level in the long run? What are the key issues that must be addressed to further raise competitive elements of IIFS? Should there be convergence with conventional financial market to raise the competitiveness of the Islamic financial services industry? What are the roles of the relevant stakeholders in raising the competitiveness of domestic IFSI environment?
	15:30 – 16:00	Networking Session and Coffee Break
	16:00 – 17:30	Session 3: Role of Non-Banks Financial Institutions (NBFI) in The Future of Islamic Finance Should there be segregation between Islamic capital markets, takaful industry and other non-bank financial institutions and Islamic banking business? Will non-banks financial agencies (insurance firms, securities firms, securities brokers and dealers, finance companies, micro finance institutions, leasing companies, asset management companies etc) have more roles in the future of IFSI? Should there be a convergence and cross sector consolidation of banking and non banking activities in order to enhance IIFS competitiveness? Are there adequate structures, policies and support from the relevant agencies including multilateral agencies to realise the potential of these sectors? What are the challenges and obstacles facing the Islamic capital market and NBFI?
	20:00 – 22:00	Summit Gala Dinner & Keynote Address For Registered Summit Participants only
Day 4 08/05/2009	09:30 – 11:30	Session 4: Direction of Regulatory Policies What would be the potential policy issues in view of the convergence of banking and commercial activities of IIFS? What is the effective supervisory structure for Islamic financial services industry in view of the global and cross sectoral nature of the industry? What will be the issues and challenges facing regulatory authorities? What are the key factors to effective government regulation? Should there be harmonisation and minimum standards for regulatory policies? What would be the impact to the IFSI brought about by the changing corporate governance environment and framework?
	11:00 – 11:30	Networking Session and Coffee Break
	11:30 – 13:00	Session 5: Direction of Development Policies What infrastructures are required to support the future growth of the industry? Who should lead the development initiatives of the industry going forward, regulators or market players? What are the roles of multilateral agencies in the development of IFSI? Can the IFSI develop competitive and sustainable revenue models in the future? What are the impediments in achieving this?
	13:00 – 14:00	Lunch and End of Summit

Downloadable Document(s)

1.)		Event Session(s) – PDF Format
2.)		6th IFSB Summit Brochure
3.)		6th IFSB Summit Initial Announcement
4.)		6th IFSB Summit Registration Form (pdf format)
5.)		6th Summit Registration Form (word format)