Awareness Programme

The IFSB will be organising a Roundtable on Disclosure Requirements for Islamic Capital Market Products on 30 November 2016 in Kuala Lumpur, Malaysia. The Roundtable aims to discuss Exposure Draft 19 (ED-19) Guiding Principles on Disclosure Requirements for Islamic Capital Market Products (Sukūk and Islamic Collective Investment Schemes). ED-19 aims to provide guidance for regulatory and supervisory authorities (RSAs) on disclosure requirements for Islamic Capital Market (ICM) products, specifically for Sukūk and Islamic Collective Investment Schemes (ICIS). It identifies and sets forth a set of principles that are common to both Sukūk and ICIS, as well as principles that are specific to Sukūk and ICIS disclosures. The Roundtable will provide a platform for discussion and feedback on the areas of concern, bringing expert opinions, complemented with discussant comments, culminating in an open discussion among ICM industry players, regulatory and supervisory authorities and industry experts in Islamic finance. For participation enquiries, please contact the IFSB Secretariat; Ms. Yazmin Aziz at [email protected].   Event Snapshots   The Roundtable on Disclosure Requirements for Islamic Capital Market Products was organised by the IFSB on 30 November 2016 in Kuala Lumpur, Malaysia.The half-day Roundtable was held to discuss Exposure Draft 19: Guiding Principles on Disclosure Requirements for Islamic Capital Market Products (Sukuk and Islamic Collective Investment Schemes). ED-19 was prepared with the objective of providing guidance for regulatory and supervisory authorities (RSAs) on disclosure requirements for Islamic Capital Market (ICM) products, specifically for Sukuk and Islamic Collective Investment Schemes (ICIS). The following topics were discussed at the Roundtable: Introduction & General Principles Sukūk Disclosure Islamic Collective Investment Schemes (ICIS) Disclosure The Roundtable was chaired by Mr. Mohd Radzuan Ahmad Tajuddin, General Manager and Head of Islamic Capital Market & Market Development, Securities Commission Malaysia. The Project Manager for ED-19, Mrs. Dian Dannira Skymmer, Member of the Secretariat of the IFSB presented the ED-19, and was followed by discussion and comments by invited speakers; Mr. Sarjito, Deputy Commissioner, Capital Market Supervision I, Financial Services Authority, Indonesia, Mr. Moneer Osman Ahmed Elbeely, Administrative Affairs Manager, Administration Department, Sudan Financial Services Company Mr. Wan Rizaidy Wan Saufi, Assistant General Manager, Shariah Audit, Hong Leong Islamic Bank, Malaysia and Mr. Madzlan Hussain, Partner and Head, Islamic Financial Services Practice, Zaid Ibrahim & Co. The IFSB Consultants; Mr. Peter Casey and Mr. Hooman Sabeti-Rahmati also participated in this Roundtable to share their thoughts on ED-19 and summarised the Roundtable discussion. Almost 50 delegates from the RSAs, ICM industry players and academic institutions attended the Roundtable. Programme - Event Session(s) Date Time Topics Day 1 30/11/2016 09:00 - 09:30 Registration 09:30 - 09:40 Opening Remarks 09:40 - 10:15 Presentation on ED-19: Guiding Principles on Disclosure Requirements for Islamic Capital Market Products Presentation by: Mrs. Dian Dannira Skymmar, Member of the Secretariat, Technical and Research 10:15 - 10:45 Session 1: Introduction & General Principles Introduction General Principles - Principle G.1: Clear and Accurate Information - Principle G.2: Sufficient Information - Principle G.3: Timely Information 10:45 - 11:30 Session 2: Sukūk Disclosure Application Principle S.1: General Disclosure Principles Applicable to Sukūk Principle S.2: Sharī`ah-related Disclosures for Sukūk Principle S.3: Structure-related Disclosures for Sukūk Principle S.4: Entities about which Disclosures should be made 11:30 - 12:00 Session 3: Islamic Collective Investment Schemes (ICIS) Disclosure Application Principle C.1: Sharī`ah-related Disclosures for ICIS Principle C.2: Operations-related Disclosures for ICIS Principle C.3: Specialist ICIS Disclosure 12:00 - 12:30 Open Discussion 12:30 - 12:50 Consultant's Summary 12:50 - 14:00 Lunch End of Roundtable