IFSB-FIS Workshop on IFSB Standards for Regulatory and Supervisory Authorities for the Islamic Capital Market and Takaful sectors

This Workshop is open to regulatory and supervisory authorities for the Islamic Capital Market and Takaful sectors of the IFSB member countries. It intends to be a Train The Trainer programme for the staff on the IFSB Standards, and aims to:

 

1. 1. enhance the participants’ understanding of the respective Standards and Guiding Principles thereby facilitating the implementation of these standards in their respective jurisdictions;

 

1. 1. assist the participants in practical application of issues addressed in the particular standards through case studies, hands-on exercises and other interactive tools; and

 

1. 1. promote the sharing of experiences among regulators and supervisors on the implementation of respective IFSB Standards and Guiding Principles.

 

Participation in this Workshop is by INVITATION only. For more information, please email to Mr. Hamizi Hamzah at [email protected].

Programme – Event Session(s)

Date	Time	Topics
Day 1 03/11/2014	09:00 – 09:30	Morning Coffee & Registration
	09:30 – 09:45	Opening & Welcoming Address
	09:45 – 11:15	Session 1: Introduction to Islamic Capital Markets Products of Islamic Capital Markets Development Trends in Islamic Capital Markets Contemporary Issues, Outlook and Challenges
	09:45 – 11:15	Session 1: Introduction to Islamic Finance and Takāful (Islamic Insurance) and IFSB-8: Guiding Principles on Governance for Takāful Undertakings Independence and Integrity of Governance Organs Protection of Rights and Interests of Takāful Participants Appropriate Disclosures to Material and Relevant Information
	11:15 – 11:30	Group Photo and Coffee Break
	11:30 – 13:00	Session 2: IFSB-6: Governance for Islamic Collective Investment Schemes (ICIS) Scope of ICIS Governance General Governance Approaches of ICIS Transparency and Disclosure
	11:30 – 13:00	Session 2: IFSB-14: Standard on Risk Management for Takāful Undertakings Specificities of Takāful Undertakings Relevant to Risk Management Risk Arising from Segregation of Funds Risk Relating to The Use of Retakāful
	13:00 – 14:00	Lunch and Prayer
	14:00 – 16:00	Session 3: IFSB-6: Governance for ICIS Compliance with Sharī’ah Rules and Principles Additional Protection for ICIS Investors Case Studies
	14:00 – 16:00	Session 3: IFSB-14: Standard on Risk Management for Takāful Undertakings Key Elements in the Supervisory Review Process of Risk Management for Takāful Undertakings Systemic Risk Considerations in Takāful Case Studies
	16:00 – 16:30	Coffee Break
Day 2 04/11/2014	09:00 – 09:30	Morning Coffee
	09:30 – 11:00	Session 4: IFSB-15: Revised Capital Adequacy Standard for IIFS Features of Sukūk and Securitisation Securitisation Process for Sukūk Structuring Parties in Securitisation Exposures Structure
	09:30 – 11:00	Session 4: IFSB-11: Standard on Solvency Requirements for Takāful Undertakings Specificities of Solvency Requirements for Takāful Valuation of Assets and Liabilities Total Balance Sheet Approach
	11:00 – 11:30	Coffee Break
	11:30 – 13:00	Session 5: IFSB-15: Revised Capital Adequacy Standard for IIFS Various Types of Sukūk Structuring Capital Requirements for Sukūk Case Studies
	11:30 – 13:00	Session 5: IFSB-11: Standard on Solvency Requirements for Takāful Undertakings Solvency Control Levels Criteria for Assessing the Quality and Suitability of Solvency Resources in the Takāful and Shareholders’ Funds Case Studies
	13:00 – 14:00	Lunch and Prayer
	14:00 – 16:00	Session 6: Strategies and Policies for Developing ICM: Sharing of Country Experiences Development Trends in Islamic Capital Markets Contemporary Issues, Outlook and Challenges Supervisory Challenges in Developing Islamic Capital Market
	14:00 – 16:00	Session 6: Special Session on Sharing of Country Experiences Development Trends in Takāful Operation Contemporary Issues, Outlook and Challenges Supervisory Challenges in Takāful Operation
	16:00 – 16:30	Coffee Break
Day 3 05/11/2014	09:00 – 09:30	Morning Coffee
	09:30 – 11:00	Session 7: IFSB-9: Conduct of Business Islamic Perspective on Conduct of Business Conduct of Business and Financial Stability IFSB Recommendations on Conduct of Business Case Studies
	11:00 – 11:30	Coffee Break
	11:30 – 13:00	Session 8: IFSB-10: Sharīah Governance System General Governance Approach to Sharīah Governance System Requirements on the Competence of Personnel Undertaking the Sharīah Governance System Independent Exercise of the Sharīah Board Members on Sharīah -related Matters
	13:00 – 14:00	Lunch and Prayer
	14:00 – 16:00	Session 9: IFSB-10: Sharīah Governance System Confidentiality of Sharīah Board Members on Internal Information Consistency of Opinions Across Different Institutions by Sharīah Board Members Case Studies
	16:00 – 16:15	Closing & Certificate Giving Ceremony
	16:15 – 16:30	Coffee Break

Downloadable Document(s)

1.)

Event Session(s) – PDF Format