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IFSB-FIS Workshop for Regulatory and Supervisory Authorities (Takaful Sector)
October 10, 2017 @ 9:00 AM – 4:45 PM
This 3-day Workshop is tailored for the regulatory and supervisory authorities for the Takaful sector, thus intended to be a Train the Trainer Programme for the staff on the IFSB Standards.
In general, these Workshops aim 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.
Participation in these Workshops are 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 10/10/2017 | 09:00 – 09:30 | Registration |
| 09:30 – 09:45 | Opening & Welcoming Address Group Photo | |
| 09:45 – 11:15 | Session 1 – Introduction to Takāful (Islamic Insurance) Introduction to Takāful Takāful Models Issues Faced by Takāful Operators | |
| 11:15 – 11:30 | Coffee Break | |
| 11:30 – 13:00 | Session 2 – IFSB-8: Guiding Principles on Governance for Takāful Undertakings Definition of Takāful Undertaking Why Governance for Takāful Undertakings? Reinforcement of Relevant Good Governance Practices | |
| 13:00 – 14:00 | Lunch and Prayer | |
| 14:00 – 16:00 | Session 3 – IFSB-8: Guiding Principles on Governance for Takāful Undertakings – Cont’d Governance Structure for Participants Procedures for Proper Disclosure Case Study | |
| 16:00 – 16:15 | Coffee Break | |
| Day 2 11/10/2017 | 09:30 – 11:00 | Session 4 – 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 – 10:30 | Coffee Break | |
| 11:30 – 13:00 | Session 5 – IFSB-14: Guiding Principle on Risk Management for Takāful Undertakings Enterprise Risk Management Risk Governance Framework Transparency and Market Disclosure | |
| 13:00 – 14:00 | Lunch and Prayer | |
| 14:00 – 16:00 | Session 6 – 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 | Coffee Break | |
| Day 3 12/10/2017 | 09:30 – 11:00 | Session 7 – Experience Sharing on Regulating Takāful & Retakāful Sector |
| 11:00 – 11:30 | Coffee Break | |
| 11:30 – 13:00 | Session 8 – IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS Structure of the Sharī`ah Governance System Scope of Sharī`ah Governance System Disclosure of Compliance with IFSB-10 | |
| 13:00 – 14:00 | Lunch and Prayer | |
| 14:00 – 16:00 | Session 9 – IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS – Cont’d Guiding Principles – Competence and Independence Guiding Principles – Confidentiality and Consistency Case Study | |
| 16:00 – 16:15 | Closing & Certificate Giving Ceremony | |
| 16:15 – 16:45 | Coffee Break |
