Events for May 21, 2015

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 [email protected] 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

The Summit started with a Keynote Address (via live video) by The Right Honourable Karim Massimov, the Prime Minister of the Republic of Kazakhstan at the Opening Session of the 12th IFSB Summit. The host, H.E. Kairat Kelimbetov, Governor of the National Bank of Kazakhstan has gracefully launched the Islamic Financial Services Industry Stability Report 2015. 21 chairmen and speakers who were governors, deputy governor, heads as well as senior financial sector supervisors and experts from international financial institutions participated as speakers who panelled the following sessions: • Global Overview of the Islamic Financial Services Industry (IFSI): Trends and Policy Developments • New Regulatory Developments and the Impact on the Islamic Financial Services Industry • Role of the Core Principles for Islamic Finance in Enhancing Regulatory Consistency and Resilience of the Industry • Enabling Framework for the Assessment of Regulatory and Supervisory Regimes, and • Panel Discussion on "The New Silk Road: The Importance of Regulatory Cooperation for Cross-Border Integration" The Gala Dinner Keynote was delivered by Dr. Hamed Hassan Merah, the Secretary-General of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) on the evening of 20 May 2015. The 12th IFSB Summit was attended by more than 118 delegates from 25 countries comprising of senior officials from supervisory and regulatory bodies as well as representatives from international institutions, market players, accreditation, law firms, IT providers, insurance and  Takāful, academia as well as other stakeholders of the Islamic financial services industry.  Event Snapshots Programme - Event Session(s) Date Time Topics Day 1 18/05/2015 09:30 - 17:30 Focus Group Meeting on the Strategic Performance Plan 2016 - 2018 (For IFSB Members Only) Day 2 19/05/2015 PRE-SUMMIT EVENTS 09:00 - 10:00 Pre-Summit Event-1 : Meet the Members and Industry Engagement Session 10:00 - 11:00 Pre-Summit Event-2 : Industry Development Session by The World Bank (Free of Charge) 11:00 - 11:30 Coffee and Networking Break 11:30 - 13:00 Pre-Summit Event-3 : INCIEF - MIFC Business Forum (Free of Charge) 13:00 - 14:00 Lunch 14:00 - 16:00 Pre-Summit Event-4 : IFSB-IRTI Session on Mid-Term Review of the IFSI Development: Ten-Year Framework and Strategies (Free of Charge) 14:00 - 14:15 Registration 14:15 - 14:25 Opening and Welcoming Address 14:25 - 16:00 Presentation and Discussion on Fostering Integration of the IFSI: Progress of Initiatives and Challenges Faced by the Islamic Finance Jurisdictions 16:00 - 17:30 Pre-Summit Event-5 : Kazakhstan Country Showcase (Free of Charge) 17:30 - 18:00 Coffee and Networking Break 20:00 - 22:00 12th IFSB Summit Welcome Dinner (Hosted by the National Bank of Kazakhstan) For Summit Registered Participants Only Day 3 20/05/2015 12TH ISLAMIC FINANCIAL SERVICES BOARD SUMMIT - DAY 1 12TH ISLAMIC FINANCIAL SERVICES BOARD SUMMIT - GALA DINNER 08:30 - 09:30 Registration 09:30 - 10:30 Opening & Keynote Session 10:30 - 11:00 Coffee and Networking Break 11:00 - 12:30 Session 1 : Global Overview of the Islamic Financial Services Industry (IFSI): Trends and Policy Developments This session aims to analyse the current level of development of the legal and regulatory frameworks in Islamic finance, with a focus on the performance and potential growth of the industry. 12:30 - 14:00 Lunch 14:00 - 15:30 Session 2 : New Regulatory Developments and the Impact on the Islamic Financial Services Industry The session aims to highlight the new regulatory developments in the global financial system that seek to promote financial stability, as well as the impact of these developments on and the challenges for regulatory and supervisory authorities and institutions offering Islamic financial services in implementing them. 15:30 - 16:00 Coffee and Networking Break 16:00 - 17:30 Session 3 : Role of the Core Principles for Islamic Finance in Enhancing Regulatory Consistency and Resilience of the Industry This session aims to explore measures to bring the IFSI to its next level of development by enhancing consistency in supervision and implementation of global standards across borders. This stresses the need for having a minimum international standard on sound regulatory and supervisory practices for the effective supervision of the IIFS, which would help enhance the resilience as well as protect the consumers and other stakeholders of the industry. 19:00 - 22:00 12th IFSB Summit - Gala Dinner 19:00 Welcome Reception 20:00 Gala Dinner Day 4 21/05/2015 12TH ISLAMIC FINANCIAL SERVICES BOARD SUMMIT - DAY 2 09:30 - 11:00 Session 4 : Enabling Framework for the Assessment of Regulatory and Supervisory Regimes This session focuses on the need to have an enabling framework that meets the pre-conditions of sound regulation and supervision in order to facilitate the development of a surveillance infrastructure for Islamic finance. 11:00 - 11:30 Coffee and Networking Break 11:30 - 13:00 Session 5 : Panel Discussion on "The New Silk Road: The Importance of Regulatory Cooperation for Cross-Border Integration" This session aims to explore the opportunities offered by the new Silk Road and emerging Islamic finance jurisdictions in Asia and Europe as well as the importance of regulatory cooperation to grow and develop the IFSI in a manner that encourages cross-border integration moving forward. 13:00 - 14:00 Lunch   Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) The Intercontinental Hotel : Hotel Reservation Form 3.) The Ritz Carlton Hotel : Hotel Reservation Form 4.) The Rixos Almaty Hotel : Hotel Reservation Form 5.) Visa Information Form to Almaty