February 23, 2016
@
9:30 AM
–
February 25, 2016
@
4:30 PM
This 3-day workshop is tailored for the Regulatory and Supervisory Authorities for the Takāful sector and will cover topics on introduction to Islamic finance and Takāful as well as the following IFSB Standards:
- IFSB-8: Guiding Principles on Governance for Takāful Undertakings
- IFSB-11: Standard on Solvency Requirements for Takāful Undertakings
- IFSB-14: Standard on Risk Management for Takāful Undertakings
Overall, this Workshop aims to:
- Enhance the participants’ understanding of the respective Standards and Guiding Principles thereby facilitating the implementation of these standards in their respective jurisdictions;
- Assist the participants in the practical application of issues addressed in the particular standards through case studies, hands-on exercises and other interactive tools; and
- Promote the sharing of experiences among the participants on the implementation of respective IFSB Standards and Guiding Principles.
This Workshop is hosted by the National Insurance Commission (NAICOM) and participation in this Workshop is by INVITATION only. For queries, please contact the IFSB Secretariat, Mr. Hamizi Hamzah at [email protected].
Programme – Event Session(s)
| Date |
Time |
Topics |
| Day 1
23/02/2016 |
09:30 – 09:30 |
Registration |
| 09:30 – 09:45 |
Welcoming Remarks |
| 09:45 – 11:00 |
Session 1: Introduction to Islamic Finance and Takāful (Islamic Insurance) Introduction to Takāful Takāful Models Issues Faced by Takāful Operators |
| 11:00 – 11:30 |
Group Photo and Coffee Break |
| 11:30 – 13:00 |
Session 2: IFSB-8: Guiding Principles on Governance for Takāful Undertakings Why Governance for Takāful Undertakings? Reinforcement of Relevant Good Governance Practices A Balanced Approach for Fair Treatment |
| 13:00 – 14:00 |
Lunch and Prayer |
| 14:00 – 16:00 |
Session 3: IFSB-8: Guiding Principles on Governance for Takāful Undertakings Governance Structure for Participants Procedures for Proper Disclosure Case Studies |
| 16:00 – 16:30 |
Coffee Break |
| Day 2
24/02/2016 |
09:00 – 09:30 |
Registration |
| 09:30 – 11:00 |
Session 4: IFSB-11: Standard on Solvency Requirements for Takāful Undertakings Specificities of Solvency Requirements for Takāful Total Balance Sheet Approach Adequate Solvency Resources |
| 11:00 – 11:30 |
Coffee Break |
| 11:30 – 13:00 |
Session 5: IFSB-11: Standard on Solvency Requirements for Takāful Undertakings Establish Solvency Control Levels Quality / Suitability of Solvency Resources Comprehensive Risk Management Framework |
| 13:00 – 14:00 |
Lunch and Prayer |
| 14:00 – 16:00 |
Session 6: IFSB-11: Standard on Solvency Requirements for Takāful Undertakings Supervisory Review of Risk Management Framework Public Disclosure of Solvency Information Case Studies |
| 16:00 – 16:30 |
Coffee Break |
| Day 3
25/02/2016 |
09:00 – 09:30 |
Registration |
| 09:30 – 11:00 |
Session 7: IFSB-14: Guiding Principle on Risk Management for Takāful Undertakings Specificities of Takāful Undertakings Relevant to Risk Management Ownership of Risk Fund Significant Risks of Particular Relevance to Takāful |
| 11:00 – 11:30 |
Coffee Break |
| 11:30 – 13:00 |
Session 8: IFSB-14: Guiding Principle on Risk Management for Takāful Undertakings Significant Risks of Particular Relevance to Takāful (Cont’d) Enterprise Risk Management Risk Governance Framework |
| 13:00 – 14:00 |
Lunch and Prayer |
| 14:00 – 16:00 |
Session 9: IFSB-14: Guiding Principle on Risk Management for Takāful Undertakings Key elements in the supervisory review process of risk management for Takāful undertakings Systemic Risk Considerations Case Study |
| 16:00 – 16:15 |
Closing & Certificate Giving Ceremony |
| 16:15 – 16:45 |
Coffee Break |
Downloadable Document(s)
