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IFSB programmes to facilitate the development of the Islamic financial services industry     
Events & Activities > Event Details

  Event Detail

Category:IFSB-FIS Workshop
Name:[EVE00327] IFSB-FIS Workshop Series - Takaful Sector (Kenya)
Description:

This 3-day Facilitating the Implementation of the IFSB Standards (FIS) Workshop is tailored for the regulatory and supervisory authorities and the market players for the Takaful sector in Kenya. It will be hosted by The National Treasury in Kenya and cover 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
  • IFSB-18: Guiding Principles for Retakāful 
Overall, this Workshop aims 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 the 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 the participants on the implementation of respective IFSB Standards and Guiding Principles.  
Participation in this event is by INVITATION only. For queries, please contact the IFSB Secretariat, Mr. Hamizi Hamzah at hamizi@ifsb.org. 
 
Start Date:14/05/2018End Date:16/05/2018
Venue Name:
City:Nairobi
Country:KENYA
Event Website: -
Registration:

  Event Snapshots


  Programme - Event Session(s)

Date Time Topics
Day 1
14/05/2018
08:30 - 09:00 Registration
09:00 - 09:30 Welcoming Remarks and Group Photo
09:30 - 11:00 Session 1- Introduction to Takāful (Islamic Insurance)
  • Development and Trends in Takāful Operations
  • Contemporary Issues, Outlook and Challenges
  • Supervisory Challenges in Takāful Operations
  • 11:00 - 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
  • 14:00 - 16:00 Session 3- IFSB-8: Guiding Principles on Governance for Takāful Undertakings (Continued)
  • Governance Structure for Participants
  • Procedures for Proper Disclosure
  • Case Study
  • Day 2
    15/05/2018
    09:30 - 11:00 Session 4- IFSB-14: Standard 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 5- IFSB-14: Standard on Risk Management for Takāful Undertakings (Continued)
  • Enterprise Risk Management
  • Key Elements in the Supervisory Review Process of Risk Management for Takāful Undertakings
  • Case Study
  • 13:00 - 14:00 Lunch and Prayer
    14:00 - 16:00 Session 6- IFSB-11: Standard on Solvency Requirements for Takāful Undertakings
  • Specificities of Solvency Requirements for Takāful
  • Adequate Solvency Resources
  • Establish Solvency Control Levels
  • Day 3
    16/05/2018
    09:30 - 11:00 Session 7- IFSB-11: Standard on Solvency Requirements for Takāful Undertakings (Continued)
  • Comprehensive Risk Management Framework
  • Public Disclosure of Solvency Information
  • Case Study
  • 11:00 - 11:30 Coffee Break
    11:30 - 13:00 Session 8- IFSB-18: Guiding Principles for Retakāful
  • The Concept of Retakāful
  • Regulatory Standards and practices Relevant to Retakāful
  • Governance of Retakāful Undertakings
  • 13:00 - 14:00 Lunch and Prayer
    14:00 - 16:00 Session 9- IFSB-18: Guiding Principles for Retakāful (Continued)
  • Compliance with Sharī`ah Principles
  • Supervisory Review of Retakāful Arrangements
  • Case Study
  • 16:00 - 16:30 Closing Remarks & Certificate Giving Ceremony
    Disclaimer: Please be advised that the above mentioned agenda points are tentative and that the IFSB reserves the right to make any necessary amendments/changes to the programme without prior notification.

      Downloadable Document(s)

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    1.)  Event Session(s) - PDF Format

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