IFSB-FIS Workshop on IFSB Standards for Regulatory and Supervisory Authorities for the Islamic Capital Market and Takaful sectors
2014-11-03 09:00 - 2014-11-05 16:30 UTC | Training Room 2.1 & 2.2, Sasana Kijang, Bank Negara Malaysia, Kuala Lumpur, Malaysia
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:

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 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 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 hamizi@ifsb.org.
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

IFSB-INCEIF Executive Forum on Sound Governance Practices: Promoting Stability in Islamic Finance
2014-12-09 08:30 - 2014-12-10 17:30 | Sasana Kijang, Bank Negara Malaysia, Kuala Lumpur, Malaysia
This IFSB-INCEIF Executive Forum on Sound Governance Practices: Promoting Stability in Islamic Finance offers a platform for high level deliberations and exchanges of views among participants – global leaders from among practitioners, regulators and academics – on a holistic overview on the key trends and momentum of corporate governance initiatives in the global and Islamic finance industry.
Among others, the two-day Executive Forum will see the sharing of experiences and discussions of specific issues facilitated by experienced speakers from among regulators, industry leaders and academics. The participants will benefit from delivering views of counterparts and peers of different backgrounds and geographical locations.
To date, the following speakers are confirmed to speak at this Executive Forum:

Dr. Bashir Aliyu Umar, Secretary of the Financial Regulation Advisory Council of Experts of the Central Bank of Nigeria
Mr. Ramesh Pillai, Chairman, Board of Governors, Institute of Enterprise Risk Practitioners, Malaysia
Prof. Dr. Mohamad Akram Laldin, Executive Director of International Sharī`ah Research Academy for Islamic Finance (ISRA)
Dr. Hatim El Tahir, Director, Islamic Finance Group, Deloitte Middle East
Ustaz Mohd Nazri Chik, General Manager, Sharī`ah Division, Bank Islam Malaysia Berhad
Prof. Dr. Syed Abdul Hamid Aljunid, Professor of Corporate Governance and Ethics, INCEIF
Assoc. Prof. Dr. Younes Soualhi, Chairman, Sharī`ah Board, HSBC Amanah Malaysia Berhad
Assoc. Prof. Dr. Azman Mohd Noor, Deputy Chairman, Sharī`ah Board, Al-Rajhi Bank Malaysia
Dr. Abdelgadir Warsama Ghalib, Senior Legal Adviser, Bank of Bahrain and Kuwait (BBK), Bahrain

For more information on the Executive Forum, please email Mr. Hamizi Hamzah at hamizi@ifsb.org
Programme – Event Session(s)

Date
Time
Topics

Day 1
09/12/2014
08:30 – 09:30
Morning Coffee and Registration

09:30 – 09:45
Opening & Welcoming Address

09:45 – 11:00
Session 1: Building Momentum for Effective Corporate Governance Recent Key Developments in the Global and Islamic Finance Industry Recent Initiatives and Impact on the Behaviour of Market Participants and Industry Players Gap Analysis and Ongoing Challenges on Corporate Governance

11:00 – 11:30
Group Photo and Coffee Break

11:30 – 13:00
Session 2: Risk Governance and Internal Controls: The Initiative from Within Top Management and BOD Functions as Providing Overall Direction over Enterprise-Wide Risk Management Initiatives Internal Control Structures, Tools and Mechanisms Exclusive for IIFS Challenges of Risk Governance

13:00 – 14:00
Lunch and Prayers

14:00 – 15:30
Session 3: Board Roles and Structure: Sound Governance Starts From the Top Present and Evolving Roles and Structure of the BOD and its Committees Recent Developments in Local and International Legislations as well as Supervisory Initiatives Tools and Mechanisms Available to the BOD in Discharging their Duties in Institutions Offering Islamic Financial Services (IIFS)

15:30 – 16:00
Coffee Break

16:00 – 17:30
Session 4: Sharī`ah Governance Framework: Achieving Greater Credibility Across Borders Sharī`ah Governance Practices Across Different Jurisdictions Infrastructural and Other Factors Contributing to Differences in Sharī`ah Governance Practices Adoption of Best Practices by IIFS Operating Across Jurisdictions

Day 2
10/12/2014
08:30 – 09:30
Morning Coffee

09:30 – 11:00
Session 5: Aligning Corporate and Sharī`ah Governance: Understanding the Common Objectives Alignment of Corporate and Sharī`ah Governance Objectives Identifying and Addressing Potential Overlap between Corporate and Sharī`ah Governance Can Maqāsid al-Sharī`ah Contribute to Formulating Rules, Policies and Procedures on Corporate Governance in IIFS?

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 6: Towards Greater Market Discipline: Enhancing Disclosure Requirements for Islamic Financial Institutions Cost-benefit Analysis on the Need for Greater Market Discipline and Enhanced Disclosure Existing Disclosure Practices Amongst IIFS The Role of Supervisors in Enforcing Market Discipline and Enhanced Disclosure

13:00 – 14:00
Lunch and Prayers

14:00 – 16:00
Session 7: Panel Discussion – Evolving Issues and Challenges in Corporate and Sharī`ah Governance Giving Voice to Investment Account Holders (and Takāful Participants) – The Role of Governance Committee and Trust Structures Board of Directors and Sharī`ah Board Accountability – Practices and Challenges Achieving the Right Balance Between Conformance and Performance – The Way Forward for the Islamic Financial Services Industry

16:00 – 16:30
Closing & Certificate Giving Ceremony

16:30 – 17:00
Coffee Break

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Brochure – EF6

3.)

Lanai Kijang Reservation Form
