Awareness Programme

In its 55th Technical Committee Meeting held on 28 October 2021, the Technical Committee of the Islamic Financial Services Board (IFSB) has approved the issuance of the of the following Exposure Draft (ED) :   Technical Note on Recovery and Resolution for Institutions Offering Islamic Financial Services (IIFS)   The Public Consultation will be for a period of 45 days, starting from 15 November 2021 until 29 December 2021.   In conjunction to the above, the IFSB will be organising a Webinar for the Public Hearing on the TN-4 on 14 December 2021 at 2.30 PM (GMT +8.00, Malaysia time). Therefore, the IFSB would like to invite all members, stakeholders and interested parties to attend the above programme.   Kindly register in advance for this webinar: https://zoom.us/webinar/register/WN_zTBfdtU_RpaKxW0NV3qKgA   An email confirmation containing about joining the webinar will be sent after registration.   Ms. Fadhila Izzati Mokhtar ([email protected]) is the person in charge of the Public Hearing and she would be pleased to respond to any enquiries relating to the Webinar.   We look forward to receiving your registration for Public Hearing session as well as feedback on TN-4

Title: Demystifying Crypto Currencies & Blockchain from a Shariah Perspective Date: Tuesday, 14th of December, 2021 Time: 11.00a.m. – 1.00p.m. (GMT +3)   Type: International Executive Webinar   Duration: 2 hours   Programme Overview: The interest towards crypto-currencies and the technology that enables it, blockchain, is continuously increasing. There have been many discourses that have discussed the feasibility and nature of cryptocurrencies and its enabler technology. The outcome has been either to support it due to its many features that are unique compared to traditional fiat money, or to go against it, as it still contains elements that are heavily unregulated and may lead to a multitude of issues in terms of loss, involvement of illegal activities, and high volatility. This webinar seeks to thoroughly explain and deliberate the cryptocurrency specifically and blockchain in general from the angle of Shari’ah and how it is affecting the Islamic finance industry. As a result of the ever-growing interest on this topic, regulators are also expected to have certain measures in place as a much-needed response. Programme Approach: The programme will rely on Interactive online discussions through the provision of direct engagement with the subject matter experts and sharing of country and organisational experiences. The subject experts will first present their specific areas of discourse and this will then be followed by a Q and A session involving the moderator and audience. Agenda: Bahrain Time Session 11.00a.m. – 11.10a.m. Moderator Opening Mr. Mujtaba Khalid (Head of Center for Islamic Finance – BIBF)   11.10a.m. – 11.20a.m. Opening remarks Dr. Bello Lawal Danbatta (Secretary-General – IFSB)   11.20a.m. – 12.20p.m. Main Discussion Examining cryptocurrency and blockchain from a Shariah perspective Subject Matter Expert 1: Dr. Ahmad Asad, Principal Lecturer, BIBF Subject Matter Expert 2: Dr. Shaban Burwari, Shariah Advisor, IFSB 12.20p.m. – 1.00p.m. Question & Answer session led by moderator