IFSB-FIS Workshops on IFSB Standards for Regulatory and Supervisory Authorities for the Islamic Capital Market and Takaful Sectors

The two separate 3-day Workshops intend to be Train the Trainer Programme and are tailored for the Regulatory and Supervisory Authorities for the Islamic Capital Market and Takāful sectors. The Workshop for Islamic Capital Market Sector will cover the following sessions and IFSB Standards:

• Introduction to Islamic Capital Market
• IFSB-6 : Governance for Islamic Collective Investment Schemes (ICIS)
• IFSB-10 : Sharī`ah Governance Systems
• IFSB-15 : Revised Capital Adequacy – Sukūk and Securitisation
• Rountable on Disclosure Requirements for Islamic Capital Market Products (ED-19)

Meanwhile, the Workshop for Takāful Sector will cover the following sessions and IFSB Standards:

• Introduction to Takāful, Models and Features
• IFSB-8 : Guiding Principles on Governance for Takāful Undertakings
• IFSB-11 : Standard on Solvency Requirements for Takāful Undertakings
• IFSB-14 : Risk Management for Takāful Undertakings
• IFSB-18 : Guiding Principles for Retakāful (Islamic Reinsurance)
• Experience Sharing on Regulating Takāful & Retakāful Sector in Various Jurisdictions

Overall, these Workshops aim to:

1. Enhance the participants’ understanding of the respective Standards and Guiding Principles thereby facilitating the implementation of these standards in their respective jurisdictions;
2. Assist the participants in practical application of issues addressed in the particular standards through case studies, hands-on exercises and other interactive tools; and
3. Promote the sharing of experiences among regulators and supervisors on the implementation of respective IFSB Standards and Guiding Principles.

Participation in these Workshops are by INVITATION only. For queries, please contact the IFSB Secretariat, Mr. Hamizi Hamzah at [email protected].