BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Islamic Financial Services Board - ECPv6.15.18//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-ORIGINAL-URL:https://www.ifsb.org
X-WR-CALDESC:Events for Islamic Financial Services Board
REFRESH-INTERVAL;VALUE=DURATION:PT1H
X-Robots-Tag:noindex
X-PUBLISHED-TTL:PT1H
BEGIN:VTIMEZONE
TZID:UTC
BEGIN:STANDARD
TZOFFSETFROM:+0000
TZOFFSETTO:+0000
TZNAME:UTC
DTSTART:20190101T000000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;VALUE=DATE:20220425
DTEND;VALUE=DATE:20220426
DTSTAMP:20260511T063658
CREATED:20220424T160004Z
LAST-MODIFIED:20231228T010056Z
UID:4182-1650844800-1650931199@www.ifsb.org
SUMMARY:Public Hearing on the ED-27 : Core Principles for Islamic Finance Regulation [Takaful Segment]
DESCRIPTION:In its IFSB 56th Technical Committee Meeting held on 24 March 2022\, the Technical Committee of the Islamic Financial Services Board has approved the issuance of the following Exposure Drafts (ED) for public consultation;\n\n 	Core Principles for Islamic Finance Regulation [Takaful Segement] – (ED-27)\n\n \n\nThe Public Consultation period will be from 25 March 2022 until 23 June 2022\n\nIn conjunction to the above\, the IFSB will be organising a Webinar for the Public Hearing on the ED-27 on Monday\, 25 April 2022 at 3.30 PM (GMT +8.00\, Malaysia time). Therefore\, the IFSB would like to invite all members\, stakeholders and interested parties to attend the above programme.\n\n \n\nKindly register in advance for this webinar:\n\nhttps://zoom.us/webinar/register/WN_x89h6buGQW-zbZZ9qJyX4g\n\nAn email confirmation containing about joining the webinar will be sent after registration.\n\n \n\nMs. Fadhila Izzati Mokhtar (fadhila@ifsb.org) is the person in charge of the Public Hearing and she would be pleased to respond to any enquiries relating to the Webinar.\n\n \n\nWe look forward to receiving your registration for Public Hearing session as well as feedback on ED-27.\n\n \n\nEvent Snapshots
URL:https://www.ifsb.org/event/eve00554-public-hearing-on-the-ed-27-core-principles-for-islamic-finance-regulation-takaful-segment/
LOCATION:Online
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/jpeg:https://www.ifsb.org/wp-content/uploads/2023/10/EVE00554-1.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20220421
DTEND;VALUE=DATE:20220422
DTSTAMP:20260511T063658
CREATED:20220420T160029Z
LAST-MODIFIED:20231227T085657Z
UID:4193-1650499200-1650585599@www.ifsb.org
SUMMARY:Public Hearing on the IFSB Guidance Note-8 : Deepening Islamic Capital Markets (ED-GN-8)
DESCRIPTION:In its IFSB 56th Technical Committee Meeting held on 24 March 2022\, the Technical Committee of the Islamic Financial Services Board has approved the issuance of the following Exposure Drafts (ED) for public consultation;\n\n 	Guidance Note-8 on Deepening the Islamic Capital Markets (ED-GN-8)\n\n \n\nThe Public Consultation period will be from 25 March 2022 until 26 May 2022\n\nIn conjunction to the above\, the IFSB will be organising a Webinar for the Public Hearing on the ED-GN-8 on Thursday\, 21 April 2022 at 3.30 PM (GMT +8.00\, Malaysia time). Therefore\, the IFSB would like to invite all members\, stakeholders and interested parties to attend the above programme.\n\n \n\nKindly register in advance for this webinar:\n\nhttps://zoom.us/webinar/register/WN_bvHjbNObTNmxM6EjOCz3RQ\n\nAn email confirmation containing about joining the webinar will be sent after registration.\n\n \n\nMs. Fadhila Izzati Mokhtar (fadhila@ifsb.org) is the person in charge of the Public Hearing and she would be pleased to respond to any enquiries relating to the Webinar.\n\n \n\nWe look forward to receiving your registration for Public Hearing session as well as feedback on ED-GN-8.\n\n \n\nEvent Snapshots
URL:https://www.ifsb.org/event/eve00553-public-hearing-on-the-ifsb-guidance-note-8-deepening-islamic-capital-markets-ed-gn-8/
LOCATION:Online
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/jpeg:https://www.ifsb.org/wp-content/uploads/2023/10/EVE00553-1.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20220316
DTEND;VALUE=DATE:20220317
DTSTAMP:20260511T063658
CREATED:20220315T160039Z
LAST-MODIFIED:20231227T085824Z
UID:4219-1647388800-1647475199@www.ifsb.org
SUMMARY:15th IFSB-INCEIF/ISRA Consulting Executive Programme: Integrating Islamic Finance into Sustainable Finance: The Role of Regulators and Market Players (Islamic Capital Market Sector)
DESCRIPTION:Theme: Integrating Islamic Finance into Sustainable Finance: The Role of Regulators and Market Players (Islamic Capital Market Sector)\n\nTransitioning to sustainable finance and economies including mitigating climate change are amongst major issues that are currently at the forefront of the global consciousness. In recent years\, there has been an increase in the efforts to promote more sustainable finance development\, both within the public and the private sectors\, including through Islamic finance sectors. Islamic finance should have strategic roles and contributions to take part in managing the impact of climate change and environmental\, governance or social risks. Accordingly\, Islamic finance activities designed to be\, or labelled as\, sustainable have increased particularly the ICM sector in recent years.\n\nSome jurisdictions are taking policy or regulatory steps to enhance the role of the Islamic financial system in the transition towards sustainable finance development. There has also been increasing recognition of climate-related risks as a source of financial risk that can affect not only specific firms or sectors but more broadly the stability of the financial system. This has increased the focus by prudential regulators on these issues within their mandate of ensuring the resiliency of the financial system to material risks.\n\n \n\nThis executive program intends to discuss and elaborate the roles of regulators and market players in supporting sustainable finance particularly through the Islamic capital market (i.e. Islamic green sukuk and social sukuk).
URL:https://www.ifsb.org/event/eve00541-15th-ifsb-inceif-isra-consulting-executive-programme-integrating-islamic-finance-into-sustainable-finance-the-role-of-regulators-and-market-players-islamic-capital-market-sector/
LOCATION:Executive Webinar
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20220203
DTEND;VALUE=DATE:20220204
DTSTAMP:20260511T063658
CREATED:20220202T160039Z
LAST-MODIFIED:20231227T090048Z
UID:4255-1643846400-1643932799@www.ifsb.org
SUMMARY:Public Hearing on the ED-28 : Revised Standard on Solvency Requirements for Takaful/Retakaful Undertakings
DESCRIPTION:In its IFSB 4th Extraordinary Technical Committee Meeting held on 22 November 2021\, the Technical Committee of the Islamic Financial Services Board (IFSB) has approved the issuance of the of the following Exposure Draft (ED) :\n\n· Revised Standard on Solvency Requirements for Takaful / Retakaful Undertakings\n\nThe Public Consultation period will be from 20 December 2021 until 10 February 2022.\n\nIn conjunction to the above\, the IFSB will be organising a Webinar for the Public Hearing on the ED-28 on 3 February 2022 at 3.30 PM (GMT +8.00\, Malaysia time). Therefore\, the IFSB would like to invite all members\, stakeholders and interested parties to attend the above programme.\n\nKindly register in advance for this webinar:\n\nhttps://zoom.us/webinar/register/WN_1v1BxVF2QT6AvJVvte_Ttg\n\nAn email confirmation containing about joining the webinar will be sent after registration.\n\nMs. Fadhila Izzati Mokhtar (fadhila@ifsb.org) is the person in charge of the Public Hearing and she would be pleased to respond to any enquiries relating to the Webinar.\n\nWe look forward to receiving your registration for Public Hearing session as well as feedback on ED-28.
URL:https://www.ifsb.org/event/eve00532-public-hearing-on-the-ed-28-revised-standard-on-solvency-requirements-for-takaful-retakaful-undertakings/
LOCATION:Online
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20211231T140000
DTEND;TZID=UTC:20211231T163000
DTSTAMP:20260511T063658
CREATED:20211230T160043Z
LAST-MODIFIED:20231228T010107Z
UID:4267-1640959200-1640968200@www.ifsb.org
SUMMARY:Digital Transformation in Islamic Banking; A Case Study
DESCRIPTION:
URL:https://www.ifsb.org/event/eve00530-digital-transformation-in-islamic-banking-a-case-study/
LOCATION:Online
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/jpeg:https://www.ifsb.org/wp-content/uploads/2023/10/EVE00530.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20211214T110000
DTEND;TZID=UTC:20211214T130000
DTSTAMP:20260511T063658
CREATED:20211213T160012Z
LAST-MODIFIED:20231228T010134Z
UID:4282-1639479600-1639486800@www.ifsb.org
SUMMARY:Demystifying Crypto Currencies & Blockchain from a Shariah Perspective
DESCRIPTION:Title: Demystifying Crypto Currencies & Blockchain from a Shariah Perspective \nDate: Tuesday\, 14th of December\, 2021 \nTime: 11.00a.m. – 1.00p.m. (GMT +3) \n  \nType: International Executive Webinar \n  \nDuration: 2 hours \n  \nProgramme Overview: \nThe 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. \nProgramme Approach: \nThe 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. \nAgenda: \n\n\n\n\nBahrain Time\nSession\n\n\n11.00a.m. – 11.10a.m.\nModerator Opening\n\nMr. Mujtaba Khalid (Head of Center for Islamic Finance – BIBF)\n\n \n\n\n11.10a.m. – 11.20a.m.\nOpening remarks\n\nDr. Bello Lawal Danbatta (Secretary-General – IFSB)\n\n \n\n\n11.20a.m. – 12.20p.m.\nMain Discussion\n\nExamining cryptocurrency and blockchain from a Shariah perspective\n\nSubject Matter Expert 1: Dr. Ahmad Asad\, Principal Lecturer\, BIBF\n\nSubject Matter Expert 2: Dr. Shaban Burwari\, Shariah Advisor\, IFSB\n\n\n12.20p.m. – 1.00p.m.\nQuestion & Answer session led by moderator\n\n\n\n 
URL:https://www.ifsb.org/event/eve00528-demystifying-crypto-currencies-blockchain-from-a-shariah-perspective/
LOCATION:Online
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20211214
DTEND;VALUE=DATE:20211215
DTSTAMP:20260511T063658
CREATED:20211213T160022Z
LAST-MODIFIED:20231228T010125Z
UID:4275-1639440000-1639526399@www.ifsb.org
SUMMARY:Webinar for the Public Hearing on TN-4 : Technical Note on Recovery and Resolution for Institutions Offering Islamic Financial Services (IIFS)
DESCRIPTION: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) :\n\n \n\n 	Technical Note on Recovery and Resolution for Institutions Offering Islamic Financial Services (IIFS)\n\n \n\nThe Public Consultation will be for a period of 45 days\, starting from 15 November 2021 until 29 December 2021.\n\n \n\nIn 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.\n\n \n\nKindly register in advance for this webinar:\n\nhttps://zoom.us/webinar/register/WN_zTBfdtU_RpaKxW0NV3qKgA\n\n \n\nAn email confirmation containing about joining the webinar will be sent after registration.\n\n \n\nMs. Fadhila Izzati Mokhtar (fadhila@ifsb.org) is the person in charge of the Public Hearing and she would be pleased to respond to any enquiries relating to the Webinar.\n\n \n\nWe look forward to receiving your registration for Public Hearing session as well as feedback on TN-4
URL:https://www.ifsb.org/event/eve00527-webinar-for-the-public-hearing-on-tn-4-technical-note-on-recovery-and-resolution-for-institutions-offering-islamic-financial-services-iifs/
LOCATION:Online
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/jpeg:https://www.ifsb.org/wp-content/uploads/2023/10/EVE00527-1.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20211208T160000
DTEND;TZID=UTC:20211208T210000
DTSTAMP:20260511T063658
CREATED:20211207T160052Z
LAST-MODIFIED:20231228T010141Z
UID:4284-1638979200-1638997200@www.ifsb.org
SUMMARY:13th Public Lecture on Sustainability and Cyber Resilience
DESCRIPTION:  Programme – Event Session(s)\n\n\nDate\nTime\nTopics\n\n\nDay 1\n08/12/2021\n16:00 – 16:30\n\nRegistration \n \n\n\n\n16:30 – 16:45\n\nOpening Remarks \nDr. Bello Lawal Danbatta\, Secretary-General\, IFSB \n\n\n\n16:45 – 17:00\n\nWelcoming Remarks \nH.E. Khaled Mohamed Balama\, Governor\, CBUAE \n\n\n\n17:00 – 17:10\n\nSpecial Address \n H.E. Abdul Aziz Al Ghurair\, Chairman\, UBF \n\n\n\n17:10 – 17:45\n\nPublic Lecture 1: Islamic Finance and Sustainability: Synergies\, Strategies and Risks \nAs the global economy gradually moves towards adopting a more sustainable development model\, the Islamic finance industry has tremendous opportunities to meet the expanding needs in this segment. The principles of Islamic finance naturally form substantial synergies with the global sustainability agenda. While there have been several national-led as well as market-driven initiatives for issuance of sustainable Islamic financial products\, a more substantial and wider transformation towards sustainable Islamic finance and related innovation requires collective action by policy-makers and regulators\, market players and international bodies to ensure alignment and effectiveness of policies and strategies. Further growth in the supply of sustainable Islamic finance products also requires addressing some of the current gaps including information gaps to ensure the alignment of incentives\, results measurement and effective risk management. The session aims to discuss the potential strategies and opportunities to harness the synergies between Islamic finance and sustainable development and important policy considerations. \n\n\n\n17:45 – 18:15\n\nBreak \n\n\n\n18:15 – 18:25\n\nKeynote \nH.E. Dr. Reza Baqir\, Governor\, SBP \n\n\n\n18:25 – 19:00\n\nPublic Lecture 2: Cybersecurity in the Era of Digitalisation: Regulatory Perspective \nDigitalisation of financial services has emerged as a powerful disruptor that is rapidly reshaping the real economy and the financial sector on a global scale. While digitalisation of Islamic finance also has the potential to deliver environmental outcomes and support a transformation in financing for sustainable development\, the impact of digital finance will depend on policy and regulatory measures that\, among other things\, minimise any potential negative and unintended consequences such as cyber security risks. Hence\, cyber security threats have captured prominent regulatory attention\, especially financial stability implications and increased systemic risks due to financial interlinkages. While cyber risk is not unique to Islamic finance\, it is an equally significant concern that presents new regulatory and supervisory challenges. The session aims to discuss critical considerations and gaps from a regulatory perspective\, to improve cybersecurity as more Islamic financial institutions embrace digitalisation of their products and services. \n\n\n\n19:00 – 21:00\nDinner
URL:https://www.ifsb.org/event/eve00525-13th-public-lecture-on-sustainability-and-cyber-resilience/
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20211109
DTEND;VALUE=DATE:20211112
DTSTAMP:20260511T063658
CREATED:20211108T160004Z
LAST-MODIFIED:20231228T010226Z
UID:4312-1636416000-1636675199@www.ifsb.org
SUMMARY:15th IFSB Summit 2021
DESCRIPTION:The 15th IFSB Summit aims to bring together financial industry leaders\, experts\, policymakers and other stakeholders to share knowledge\, experience and expertise under the theme of “Islamic Finance and Digital Transformation: Balancing Innovation and Resilience”. The Summit will provide a forum to discuss policy priorities and strategies to foster renewed growth momentum in the Islamic financial services industry (IFSI)\, focusing particularly on digital transformation of Islamic financial services. \n\nThe Summit will provide an opportunity to share ideas and deepen the understanding of emerging developments and advances in financial technology and digital finance across the various sectors of the IFSI\, the different regulatory approaches and practices that have been applied by jurisdictions and their effectiveness\, as well as the challenges and trade-offs\, and the policy actions that are needed going forward to further promote innovation whilst ensuring resilience and financial stability. The sessions will also include discussions that renew the focus on harnessing the inherent values and principles of Islamic finance to provide value-based solutions to strengthen the link between innovation in Islamic finance and the real economy\, while also supporting long term sustainable development and ESG objectives. Further\, it will look at potential strategies to facilitate use of digital finance and financial technologies by Islamic financial institutions to target underserved populations and SMEs to foster more inclusive growth of Islamic finance. It will also provide opportunities to discuss relevant issues around structural changes in the Islamic finance industry as a result of technological developments\, including management of cyber risk\, issues around crypto-assets and the effective use of regulatory and supervisory technology.\n\nAcross the various sessions during the two-day Summit\, industry leaders will be able to discuss the most prominent and current issues in the industry and identify the key policy objectives going forward for standard setters as well as for national authorities.\n\n\n\nENQUIRIES\n\nIf you have any inquiries regarding registration or participation in the 15th IFSB Summit\, please direct your queries to:\n\n\n\nRegistration\n\nSponsorship & Press\n\n\nMr. Iswaran A/L Shamugam\nTel.: +603 9195 1426 or +603 9195 1400\niswaran@ifsb.orgMs. Noor Azmah Mohd Yusoff\nTel: +603-9195 1434\nnoor.azmah@ifsb.org\n\nMs. Natejah Ahmad\nTel.: +603 9195 1426 or +603 9195 1400\nnatejah@ifsb.orgMs. Rosmawatie Abdul Halim\nTel: +603-9195 1425\nrosmawatie@ifsb.org\n\n\n\n\n\n\nTRAVELLING REQUIREMENTS\n\nParticipants that physically attending the event shall make their own arrangement. However\, should you require a letter from the IFSB to facilitate your visa application\, please contact the IFSB Secretariat.\n\nPlease see below travelling requirements requested by health authorities in Saudi Arabia with regard to Covid-19 precautions:\n\n 	Summit participants must obtain and show a proof of vaccination (vaccine certificates for COVID 19) with one of the flowing vaccines:\n\n 	2 doses of Pfizer BioNTech\n 	2 doses of Oxford AstraZeneca\n 	2 doses of Moderna\n 	1 dose of Johnson&Johnson’s Janssen\n\n\n 	Vaccine certificates are required to be certified by official health authorities from the country that provided the vaccination.\n 	The second dose of a two-dose vaccine or the first dose of a single dose vaccine should be taken at least (14) days before arrival to the Kingdom of Saudi Arabia.\n 	Summit participants must carry their vaccine certificates at all times during their stay in the kingdom (Or prove of health status through applications and accredited programs in the kingdom)\n 	Summit participants must provide a negative result of (PCR) test certificate not exceeding (72) hours before departure to the Kingdom of Saudi Arabia.\n\nSummit participants must provide a negative result of (PCR) test certificate not exceeding (72) hours before departure to the Kingdom of Saudi Arabia.\n\nFor more information\, please visit https://wwwnc.cdc.gov/travel/notices/covid-4/coronavirus-saudi-arabia\n\n 	Entry Status to KSA\n#    Country                           Status\n1.      Egypt                            Banned\n2.      Lebanon                      Banned\n3.      Indonesia                    Banned\n4.      Turkey                          Banned\n5.      Pakistan                      Banned\n6.      Japan                          Quarantine required\n7.      Switzerland                Quarantine required\n8.      UK                                Quarantine required\n9.      USA                              Quarantine required\n10.    Germany                     Quarantine required\n11.     All remaining countries    No entry restrictions\n\nBefore coming to Saudi Arabia\, participants from allowed countries should not pass by the below countries for the 14 days before entering KSA:\n\n1.      Ireland\n2.      Germany\n3.      Indonesia\n4.      Italy\n5.      Pakistan\n6.      Brazil\n7.      Portugal\n8.      UK\n9.      USA\n10.     Turkey\n11.     Sweden\n12.     Switzerland\n13.     France\n14.     Lebanon\n15.     Egypt\n16.     India\n17.     Japan\n\n\n\nACCOMMODATION INFORMATION \n\nParticipants that physically attending the event shall make their own arrangement for accomodation. However\, the Secretariat has secured preferential rates are the following hotels. You are required to make your reservations directly with the hotel. The reservation forms are available for download.\n\nhttps://www.ritzcarlton.com/en/hotels/saudi-arabia/jeddah\n\n \n\nABOUT THE IFSB\n\nThe Islamic Financial Services Board (IFSB) is an international standard-setting ‎organisation that promotes and enhances the soundness and stability of the Islamic ‎financial services industry by issuing global prudential standards and guiding principles ‎for the industry\, broadly defined to include banking\, capital markets and insurance ‎sectors.‎\n\nAs at June 2021\, the 187 members of the IFSB comprise 81 regulatory and supervisory authorities\, 10 international inter-governmental organisations\, and 96 market players (financial institutions\, professional firms\, industry associations and stock exchanges) operating in 57 jurisdictions.\n\nTowards this end\, the IFSB works closely with relevant international\, regional and ‎national organisations\, research/educational institutions and market players.\n\nFor more information about the IFSB\, please visit www.ifsb.org\n\nLatest IFSB Press Releases\nList of IFSB Members\nList of IFSB Publications\nList of IFSB upcoming events\n\n\n\nABOUT CENTRAL BANK OF SAUDI ARABIA\n\nSaudi Central Bank\, the central bank of the Kingdom of Saudi Arabia\, was established in 1372H  (1952).  It has been entrusted with performing many functions pursuant to several laws and regulations. The most important functions are the following:\n\n 	\n\n 	\n\n 	To deal with the banking affairs of the Government;\n 	Minting and printing the national currency (the Saudi Riyal)\, strengthening the Saudi currency and stabilizing its external and internal value\, in addition to strengthening the currency’s cover;\n 	Managing the Kingdom’s foreign exchange reserves;\n 	Managing the monetary policy for maintaining the stability of prices and exchange rate;\n 	Promoting the growth of the financial system and ensuring its soundness;\n 	Supervising commercial banks and exchange dealers;\n 	Supervising cooperative insurance companies and the self-employment professions relating to the insurance activity;\n 	Supervising finance companies;\n 	Supervising credit information companies.\n\n\n\n\n\nSource: https://www.sama.gov.sa/en-US/About/Pages/SAMAFunction.aspx\n\n\n\nABOUT KINGDOM OF SAUDI ARABIA\n\nThe Kingdom of Saudi Arabia occupies most of the Arabian Peninsula\, the original homeland of the Arabs\, the place of origin of the Arabian language\, and the historic center of Islam. Saudi Arabia is bounded by the Red Sea in the west and the Persian Gulf in the east. The country borders Iraq\, Jordan\, Kuwait\, Oman\, Qatar\, United Arab Emirates\, and Yemen. The country shares maritime borders with Bahrain\, Egypt\, Eritrea\, Iran\, and Sudan.\n\nSaudi Arabia is the largest state in Western Asia with an area of more than 2 million km²; it is almost four times the size of Metropolitan France or somewhat larger than Mexico.\n\nThe sparsely inhabited country has a population of 34.8 million inhabitants (in 2020)\, the capital and largest city is Riyadh\, the spoken language is Arabic. Saudi Arabia is a country with a predominantly Muslim population. The country is home to Mecca\, Islam’s holiest city and the birthplace of the Prophet Muhammad. The kingdom is ruled by the house of Saud along traditional Islamic lines.\n\nSaudi Arabia is the largest oil producer in the Middle East. The proven oil reserves in Saudi Arabia are the second largest in the world\, estimated to be 266 billion barrels.\n\nSource: https://www.nationsonline.org/oneworld/saudi_arabia.htm\n\n\n\n\nREGISTRATION\n\n\nThe 15th Islamic Financial Services Board Summit is open to all IFSB members and interested parties.\n\nParticipants are required to submit the registration form either online or by fax/email. Confirmation of participation will be given upon payment of the Summit fees and on a first-come-first-served basis.\n\nThe IFSB will issue a confirmation letter upon receipt of payment and participants are required to bring this letter during registration on the event day.\n\nTo ensure your seat\, please submit your registration to the IFSB Secretariat by 8 October 2021. Priority of confirmation will be given to members of the IFSB.\n\n\n\n\nDOWNLOADABLE DOCUMENTS\n15th Summit Registration Form\n\n15th IFSB Summit Programme
URL:https://www.ifsb.org/event/eve00499-15th-ifsb-summit-2021/
LOCATION:Jeddah\, Jeddah\, Saudi Arabia\, Saudi Arabia
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20211028T130000
DTEND;TZID=UTC:20211028T161500
DTSTAMP:20260511T063658
CREATED:20211027T160057Z
LAST-MODIFIED:20231228T010338Z
UID:4397-1635426000-1635437700@www.ifsb.org
SUMMARY:IFSB Conference 2021: Financial Stability in the Digital Era and its Implications for Islamic Economics and Finance
DESCRIPTION:Target Audience:\n\nIFSB members and non-members (RSA\, market players\, scholars and academics)\nLearning Objectives:\nThe progress of digital transformation has accelerated in the midst of pandemic due to rising digitalization trend. Some central banks have conducted assessments and exercises on pros and cons of digital transformation in the regulators policies and initiatives particularly to maintain the financial system stability\, economic transaction and increase the policy impacts to the real sectors including the Islamic finance. The focuses are mainly on: (i) can the central bank digital transformation perform a better economic policy transformation mechanism in the digital era? (ii) how can the economic policies (fiscal\, monetary\, finance\, etc) be relied on and applied in the digital era? (iii) how is the financial stability framework and mechanism be maintained by adopting the central bank digital transformation? (iv) how is Sharia view and thought on some digital initiatives applied by the regulators? (v) and other central bank strategic policies and digital transformation issues can also be deliberated and shared in the event.\n\nProgramme Outcome:\n\nThe conference intends to elaborate and possibly gains consensus among policy makers\, experts and sharia scholars on the issues and ideas of the digital transformation in the policy\, market practices and Sharia initiative. Representatives from the central banks\, international standard setting bodies\, industry players and sharia scholars among resource persons in the event. The expected outcomes of the event are: (a) comprehensive understanding and thought on digital transformation from regulatory perspectives (central bank\, financial regulators) mainly its financial and economic impacts\, policy responses and financial (b) discussions from the market and industry players on some applications of digital transformation in financial transactions (crypto asset trading\, bitcoin\, etc) (c) knowing the Sharia views and thoughts on digital initiatives in the payment system\, financial market transactions\, banking system\, etc mainly with the issues of Riba\, gharar and maysir (speculation) in the digital transaction.\n\nProgramme Approach:\n\nFollowing are the overall programme approaches:\n\n 	Explanation and elaboration of the issue\, policy\, market experiences and Sharia thoughts from the speakers (policy makers\, market players and sharia scholars).\n 	Interactive discussion\, debate\, pros and cons opinions on the topic among speakers and limited (by invitation) audience.\n 	Conclusions or pre-requisite consensus on the issues being discussed.\n 	Suggestions on policy responses or market responses on the issues.\n\nEvent Snapshots:\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\nProgramme – Event Session(s):\n\n\n\nDay 1\n00/00/0000\n00:00 – 00:00\n\n\n\n13:00 – 13:30\nRegistration and Opening by Master of Ceremony\n\n\n13:30 – 14:00\n\nOpening Remarks and Keynote Address \nOpening Remarks       : Dr. Bello Danbatta\, Secretary-General\, IFSB \nKeynote Speech          : Dr. Wimboh Santoso\, Chairman\, Otoritas Jasa Keuangan (OJK) \n\n\n\n14:00 – 15:00\n\nSession 1: Central Bank Digital Transformation: Policy Responses and Financial System Stability \n\n\n 	Central bank views\, assessments and thought on central bank digital transformation particularly in relation to financial system stability\, economic transaction and impacts on the real sectors\n 	Policy responses on central bank digital transformation: policy transformation\, financial market and payment system policies.\n 	Central bank strategic policies in shaping financial industry and payment system in the digital era.\n 	Possible adoption with adjustments and modification with respect to the jurisdiction’s economic condition and policy measures.\n\n\n\n\n15:00 – 16:00\n\nSession 2: Financial Market and Industry Views\, Assessments\, and Shari’ah Thoughts on Digital Transformation in the Islamic Business and Economic Transactions \n\n\n 	Financial market dan banking responses on the current cases of the digital transactions such as digital payment\, digital financial market transactions\, digital financing\, etc.\n 	Possible impacts of digital transformation in the Islamic economic and financial transactions: contract\, trading\, investor and customer protection\, risk assessment\, etc.\n 	Changing in the financial market and banking treatments and rules on digital transaction in the digital era.\n\n\n\n\n16:00 – 16:15\nQ & A Session
URL:https://www.ifsb.org/event/eve00520-ifsb-conference-2021-financial-stability-in-the-digital-era-and-its-implications-for-islamic-economics-and-finance/
LOCATION:Online
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20211015
DTEND;VALUE=DATE:20211016
DTSTAMP:20260511T063658
CREATED:20211014T160001Z
LAST-MODIFIED:20231228T010546Z
UID:4426-1634256000-1634342399@www.ifsb.org
SUMMARY:Webinar for the Public Hearing on ED-26 : Core Principles for Islamic Finance Regulation (Financial Market Infrastructure)
DESCRIPTION:In its 3rd Extraordinary Technical Committee Meeting held on 9 September 2021\, the Technical Committee of the Islamic Financial Services Board (IFSB) has approved the issuance of the of the following Exposure Draft (ED) : \n\n\n 	Core Principles for Islamic Finance Regulation (Financial Market Infrastructure) – ED-26\n\nThe Public Consultation will be for a period of 45 days\, starting from 10 September 2021 until 25 October 2021. \n \nIn conjunction to the above\, the IFSB will be organising a Webinar for the Public Hearing on the ED-26 on 15 October 2021 at 4.00 PM (GMT +8.00\, Malaysia time). Therefore\, the IFSB would like to invite all members\, stakeholders and interested parties to attend the above programme. \n \nKindly register in advance for this webinar: \nhttps://zoom.us/webinar/register/WN_4XUyFdM6RsqgkP4xT9pNgw   \n \nAn email confirmation containing about joining the webinar will be sent after registration. \nWe look forward to receiving your registration for Public Hearing session as well as feedback on ED-26. \n \n\nEvent Snapshots:\n\n 
URL:https://www.ifsb.org/event/eve00517-webinar-for-the-public-hearing-on-ed-26-core-principles-for-islamic-finance-regulation-financial-market-infrastructure/
LOCATION:Online
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/jpeg:https://www.ifsb.org/wp-content/uploads/2023/10/EVE00517-1.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20210930
DTEND;VALUE=DATE:20211001
DTSTAMP:20260511T063658
CREATED:20210929T160029Z
LAST-MODIFIED:20231228T014617Z
UID:4448-1632960000-1633046399@www.ifsb.org
SUMMARY:IFSB Executive Programme: Managing Digital Transformation Risks for Islamic Finance Institutions (IFIs)
DESCRIPTION:Online IFSB Executive Programme \nManaging Digital Transformation Risks for Islamic Finance Institutions (IFIs) \nThe Covid-19 pandemic has given a very important lessons to global financial services industry unexceptionally which the Islamic finance industry shall face post the pandemic. One of them is the necessity of accelerated digital business transformation which includes amongst others\, changes in the business model\, operations\, technical mechanism\, supervision and monitoring into the digital ones including larger and comprehensive risk assessment and mitigation. Physical business interactions\, dealing\, negotiation\, financial transactions and execution may not be feasible nowadays and are changed into digital and virtual Islamic financial transactions. Currently\, Islamic finance players have started to transform their products and services into digital ones for examples\, e-deposit\, e-sukuk\, insurTech\, e-payment\, etc offered and operated via new business and digital based systems in the integrated financial market. Even\, Islamic finance is now giving the greater attention on Islamic social finance\, funds\, products and instruments including the Environmental\, Social and Governance (ESG). Sukuk awqf\, digital zakah and awqf payment and distribution mechanisms are amongst the recent innovations in Islamic finance most of which IFSB Standards had provided clear guidance for both regulators and market players. \n\n\n 	 To enhance participants understanding of operational risks and regulatory concerns associated with accelerated digital transformation for the Islamic banking\, Islamic capital market and takaful institutions.\n 	To elevate key skills and competencies of participants on regulation\, supervision and monitoring including comprehensive risk assessment and mitigation of digital transformation associated risks for IFIs.\n 	To equip participants with understanding and acceleration of Islamic social finance including new and innovative instruments\, mechanism and programs.\n\nInteractive online discussion\, providing direct engagement with subject matter experts and sharing of country and organisational experiences as well as using IFSB standards and technical notes as reference. \n \n\nEvent Snapshots:
URL:https://www.ifsb.org/event/eve00511-ifsb-executive-programme-managing-digital-transformation-risks-for-islamic-finance-institutions-ifis/
LOCATION:Online
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20210818
DTEND;VALUE=DATE:20210819
DTSTAMP:20260511T063658
CREATED:20210817T160055Z
LAST-MODIFIED:20231227T090519Z
UID:4510-1629244800-1629331199@www.ifsb.org
SUMMARY:2nd IFSB CEO’s FORUM & Launch of the Islamic Financial Services Industry Stability Report 2021
DESCRIPTION:COVID-19 has shifted the dynamics in the global Islamic financial services industry (IFSI). The necessary public health measures have created the need for businesses to change their course of action and overall outlook for the future. Beyond the immediate economic implications\, COVID-19 is creating new opportunities by forcing the IFSI to adapt to rapidly evolving market conditions and speeding up the pace of emerging trends in socially responsible investing\, sustainability\, and digitalization to mitigate the impact of the outbreak.\n\nThe Covid-19 outbreak has led to growth in the IFSI in some areas by accelerating trends such as socially responsible investing and a stronger focus on social sustainability. The impact of Covid-19 presented a window of opportunity for the Islamic capital market sector\, particularly regarding the issuance of sovereign sukuk as a part of the government’s strategy to diversify its funding for financing fiscal deficit and to meet the fiscal requirements for combating Covid-19.\n\nIn the business sectors\, some IFSI have started to convert their ongoing business models into a more digital and virtual based businesses. Digital payment\, monitoring\, recording\, reporting and even the Islamic financial institution and instrument themselves have become fully digital (virtual) which are now commonly called as digital banking\, e-Sukuk\, etc. in line with the issue of digital currency.\n\nObjectives:\n\n 	To discuss the recovery initiatives within the Global Islamic Financial Services Industry\n 	To discuss the limitation for IFSI and identify specific risk factors that might arise in relation to specificities of Islamic Finance\n 	To provide a better understanding on the challenges faced by the industry\, particularly related to Cybersecurity Risk due to accelerated digitalisation and liquidity risk management.\n\nRegister Now\n\n \n\nEvent Snapshots: 
URL:https://www.ifsb.org/event/eve00503-2nd-ifsb-ceos-forum-launch-of-the-islamic-financial-services-industry-stability-report-2021/
LOCATION:Online
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20210803
DTEND;VALUE=DATE:20210804
DTSTAMP:20260511T063658
CREATED:20210802T160036Z
LAST-MODIFIED:20231227T090526Z
UID:4531-1627948800-1628035199@www.ifsb.org
SUMMARY:Joint IFSB-CMA Saudi Arabia Seminar On Islamic Capital Market
DESCRIPTION:Type: Seminar\n\nTarget Audience: Senior Management from Regulatory and Supervisory Authorities and Market Players\n\nDuration: 4 hours\n\nProgram Overview:\n\nThe pandemic has unexceptionally affected all economic and financial sectors globally\, including the Islamic financial services sector. Given the ongoing uncertainty created by the pandemic and the potential risks it poses for economic growth and financial stability\, protecting investors against possible market failures\, as well as enhancing transparency and information available to investors are essential in regaining investor trust and confidence in the Islamic capital markets\, which is in turn\, crucial to prevent any deterioration of market conditions.\n\nMany market failures directly impact investors\, including asymmetry of information\, agency problems or detrimental conflicts of interest. They may affect the functioning of the market and contribute to the perception that capital markets are an unsafe environment. Thus\, it is imperative for policy makers and regulators to address these issues through regulatory intervention\, in order to rebuild investor confidence during volatile market conditions and to effectively address possible market failures that could impact the level of protection of investors. Better protected investors are also likely to make more informed investment decisions and be less prone to react irrationally to market events or follow “herd behavior” which are disruptive for financial markets and the economy as a whole. Thus\, transparency and investor protection can be seen as factors that ultimately contribute to the stability of financial markets.\n\nThe seminar therefore aims to increase awareness of the importance of investor protection and transparency in fostering investor confidence and ultimately the sustainability and stability of the Islamic capital markets and to provide a platform to discuss critical policy issues arising in the context of the current global financial environment.\n\nObjectives\n\nThe seminars’ main objectives are to:\n\n 	Address Islamic finance-specific issues in relation to investor protection.\n 	Discuss best practices for investor protection in the ICM and the elements of a robust investor protection framework.\n 	Highlight best practices and guidelines on disclosure requirements for ICM products\, specifically for ṣukūk and Islamic collective investment schemes (ICIS).\n 	Identify issues arising from the current global environment\, and share policy actions taken by various regulators and policy makers to address emerging challenges and issues.\n\nProgramme Outcome\n\nAt the end of the seminar\, participants will have a comprehensive understanding on investor protection and disclosure requirements to strengthen investor confidence and improve financial market performance. The seminar will be structured around guidance from IFSB standards\, as well as experiences from the industry. Participants will be able to takeaway insights on the various policy approaches and best practices in different jurisdictions to address new and emerging issues related to investor protection and transparency in light of the new global realities.\n\nProgramme Approach\n\nDiscussion on the best market practices and regulatory challenges\nInteractive discussions on a wide array of issues on investor protection and transparency in the ICM\n\nEvent Snapshots:
URL:https://www.ifsb.org/event/eve00502-joint-ifsb-cma-saudi-arabia-seminar-on-islamic-capital-market/
LOCATION:Kuala Lumpur\, Kuala Lumpur\, Malaysia\, Malaysia
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20210701
DTEND;VALUE=DATE:20210702
DTSTAMP:20260511T063658
CREATED:20210630T160022Z
LAST-MODIFIED:20231227T090619Z
UID:4569-1625097600-1625183999@www.ifsb.org
SUMMARY:Joint IFSB-AIFC Seminar on Islamic Capital Market
DESCRIPTION:Programme Overview \nThe pandemic has unexceptionally affected all economic and financial sectors globally\, including the Islamic financial services sector.  Given the ongoing uncertainty created by the pandemic and the potential risks it poses for economic growth and financial stability\, protecting investors against possible market failures\, as well as enhancing transparency and information available to investors are essential in regaining investor trust and confidence in the Islamic capital markets\, which is in turn\, crucial to prevent any deterioration of market conditions. \nMany market failures directly impact investors\, including asymmetry of information\, agency problems or detrimental conflicts of interest. They may affect the functioning of the market and contribute to the perception that capital markets are an unsafe environment. Thus\, it is imperative for policy makers and regulators to address these issues through regulatory intervention\, in order to rebuild investor confidence during volatile market conditions and to effectively address possible market failures that could impact the level of protection of investors. Better protected investors are also likely to make more informed investment decisions and be less prone to react irrationally to market events or follow “herd behavior” which are disruptive for financial markets and the economy as a whole. Thus\, transparency and investor protection can be seen as factors that ultimately contribute to the stability of financial markets. \nThe seminars’ main objectives are to: \n\n\n 	 Address Islamic finance-specific issues in relation to investor protection.\n 	Discuss best practices for investor protection in the ICM and the elements of a robust investor protection framework.\n 	Highlight best practices and guidelines on disclosure requirements for ICM products\, specifically for ṣukūk and Islamic collective investment schemes (ICIS).\n 	Identify issues arising from the current global environment\, and share policy actions taken by various regulators and policy makers to address emerging challenges and issues.The seminar therefore aims to increase awareness of the importance of investor protection and transparency in fostering investor confidence and ultimately the sustainability and stability of the Islamic capital markets and to provide a platform to discuss critical policy issues arising in the context of the current global financial environment\n\nProgramme Outcome \nAt the end of the seminar\, participants will have a comprehensive understanding on investor protection and disclosure requirements to strengthen investor confidence and improve financial market performance. The seminar will be structured around guidance from IFSB standards\, as well as experiences from the industry.  Participants will be able to takeaway insights on the various policy approaches and best practices in different jurisdictions to address new and emerging issues related to investor protection and transparency in light of the new global realities. \nProgramme Approach \n\n\n 	Interactive discussions on a wide array of issues on investor protection and transparency in the ICM.\n 	Discussion on the best market practices and regulatory challenges.\n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n01/07/2021\n12:00 – 12:50\n\nSession 1: Strengthening Investor Protection in the Islamic Capital Markets \n\n\n 	Overview of the global Islamic capital markets and trends\n 	Overview of regulatory issues and the key principles of investor protection;\n 	The role of product governance\, conduct of business requirements (including client assets\, best execution\, and conflicts of interest etc.)\, and good practices in relation to investor redress and investor education\, and;\n 	Emerging investor protection issues in the Islamic capital markets in the context of the current global environment\n\nPresenter:  Aminath Amany Ahmed\, Member of the Secretariat\, Islamic Financial Services Board (IFSB) \n\n\n\n13:00 – 13:50\n\nSession 2: Enhancing Transparency in the Sukuk Market \n\n\n 	Overview of key regulatory considerations and specificities of Sukuk\n 	Principles of transparency and disclosure for Sukuk practices\n 	Role of transparency and disclosure in protecting Sukuk\n 	Addressing emerging issues and challenges for Sukuk through better informed investors\n\n Presenter:  Peter Casey\, IFSB Consultant  \n\n\n\n14:00 – 14:50\n\nSession 3: Enhancing Transparency in the Islamic Capital Market (ICIS) \n\n\n 	Overview of key regulatory considerations and specificities of ICIS\n 	Principles of transparency and disclosure for ICIS and regulatory best practices\n 	Role of transparency and disclosure in protecting ICIS investors\n 	Addressing emerging issues and challenges for ICIS through better informed investors\n\nPresenter: Peter Casey\, IFSB Consultant \n\n\n\n15:00 – 15:50\n\nQ&A – Safeguarding investors in a challenging global environment \n\n\n 	Implications of the COVID-19 pandemic for the Islamic capital markets\n 	Policy actions taken by regulators to mitigate the impact of the pandemic\n 	Key investor protection issues arising from the unprecedented economic and financial market conditions and addressing these issues;\n 	Promoting investors’ confidence in an uncertain environment through greater market transparency\, assessment and information.\n 	Q&A on specific considerations and policy issues unique to the Islamic capital market and the way forward.\n\nPanelists: \n\n\n 	Dr. Rifki Ismal\, Assistant Secretary-General of the IFSB\n 	Peter Casey\, IFSB Consultant\n 	Mr. Noraizat Shik Ahmad\, General Manager\, ICM Product Development\, Securities Commission Malaysia\n 	Mr. Akber Khan Senior Director\, Asset Management Group\, Al Rayan Investment\n\n\n\n\n\n 
URL:https://www.ifsb.org/event/eve00496-joint-ifsb-aifc-seminar-on-islamic-capital-market/
LOCATION:Online
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20210630T133000
DTEND;TZID=UTC:20210630T180000
DTSTAMP:20260511T063658
CREATED:20210629T160040Z
LAST-MODIFIED:20231227T090627Z
UID:4581-1625059800-1625076000@www.ifsb.org
SUMMARY:Joint IFSB-CMA Kenya Seminar on Islamic Capital Market
DESCRIPTION:COVID 19: INVESTOR PROTECTION AND TRANSPARENCY IN ISLAMIC CAPITAL MARKET\n\nThe pandemic has unexceptionally affected all economic and financial sectors globally\, including the Islamic financial services sector.  Given the ongoing uncertainty created by the pandemic and the potential risks it poses for economic growth and financial stability\, protecting investors against possible market failures\, as well as enhancing transparency and information available to investors are essential in regaining investor trust and confidence in the Islamic capital markets\, which is in turn\, crucial to prevent any deterioration of market conditions.\n\nMany market failures directly impact investors\, including asymmetry of information\, agency problems or detrimental conflicts of interest. They may affect the functioning of the market and contribute to the perception that capital markets are an unsafe environment. Thus\, it is imperative for policy makers and regulators to address these issues through regulatory intervention\, in order to rebuild investor confidence during volatile market conditions and to effectively address possible market failures that could impact the level of protection of investors. Better protected investors are also likely to make more informed investment decisions and be less prone to react irrationally to market events or follow “herd behavior” which are disruptive for financial markets and the economy as a whole. Thus\, transparency and investor protection can be seen as factors that ultimately contribute to the stability of financial markets.\n\nThe seminar therefore aims to increase awareness of the importance of investor protection and transparency in fostering investor confidence and ultimately the sustainability and stability of the Islamic capital markets and to provide a platform to discuss critical policy issues arising in the context of the current global financial environment.\n\nObjectives\n\nThe seminars’ main objectives are to:\n\n 	Address Islamic finance-specific issues in relation to investor protection.\n 	Discuss best practices for investor protection in the ICM and the elements of a robust investor protection framework.\n 	Highlight best practices and guidelines on disclosure requirements for ICM products\, specifically for ṣukūk and Islamic collective investment schemes (ICIS).\n 	Identify issues arising from the current global environment\, and share policy actions taken by various regulators and policy makers to address emerging challenges and issues.\n\nProgramme Outcome\n\nAt the end of the seminar\, participants will have a comprehensive understanding on investor protection and disclosure requirements to strengthen investor confidence and improve financial market performance. The seminar will be structured around guidance from IFSB standards\, as well as experiences from the industry.  Participants will be able to takeaway insights on the various policy approaches and best practices in different jurisdictions to address new and emerging issues related to investor protection and transparency in light of the new global realities.\n\nProgramme Approach\n\n 	Interactive discussions on a wide array of issues on investor protection and transparency in the ICM\n 	Discussion on the best market practices and regulatory challenges\n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n30/06/2021\n13:30 – 13:45\nWelcoming Remarks (IFSB)\nDr. Bello Lawal Danbatta\, Secretary-General\, Islamic Financial Services Board \n\n\n\n13:45 – 14:00\nOpening Remarks (CMA Kenya)\nMr. Wycliffe Shamiah\, Chief Executive Officer\, Capital Market Authority \n\n\n\n14:00 – 15:00\nSession 1: Introduction to the Islamic Capital Markets\n\n 	Development and growth of the Islamic capital markets in Nigeria\n 	Islamic finance development\, products and issuances in Nigeria\n 	Regulatory developments and challenges\n 	COVID-19 and impact on the market\n\nPresenter: Mr. Saad Rahman\, Deputy Chief Executive Officer\, Salaam Investment Bank Kenya (SIBK) \n\n\n\n15:00 – 15:15\nShort Break\n\n\n15:15 – 16:15\nSession 2: Strengthening Investor Protection in the Islamic Capital Markets\n\n 	Overview of the global Islamic capital markets and trends\n 	Overview of regulatory issues and the key principles of investor protection;\n 	The role of product governance\, conduct of business requirements (including client assets\, best execution\, and conflicts of interest etc.)\, and good practices in relation to investor redress and investor education\, and;\n 	Emerging investor protection issues in the Islamic capital markets in the context of the current global environment\n\n Presenter: Ms. Aminath Amany Ahmed\, Member of the Secretariat\, Islamic Financial Services Board \n \n\n\n\n16:15 – 16:30\nShort Break\n\n\n16:30 – 17:00\nSession 3: Enhancing Transparency in the Islamic Capital Market (Sukuk)\n\n 	Overview of key regulatory considerations and specificities of Sukuk\n 	Principles of transparency and disclosure for Sukuk and regulatory best practices\n 	Role of transparency and disclosure in protecting Sukuk investors\n 	Addressing emerging issues and challenges for Sukuk through better informed investors\n\nPresenter:  Peter Casey\, Consultant\, Islamic Financial Services Board \n \n\n\n17:00 – 17:15\nShort Break\n\n\n17:15 – 18:00\nSession 4: Panel: Safeguarding investors in a challenging global environment\n\n 	Implications of the COVID-19 pandemic for the Islamic capital markets\n 	Policy actions taken by regulators to mitigate the impact of the pandemic\n 	Key investor protection issues arising from the unprecedented economic and financial market conditions and addressing these issues;\n 	Promoting investors’ confidence in an uncertain environment through greater market transparency\, assessment and information.\n 	Q&A on specific considerations and policy issues unique to the Islamic capital market and the way forward.\n\nPanelists: \nPeter Casey\, IFSB Consultant (Lead Panelist) \nMr. Luke Ombara\, Policy and Market Development\, CMA Kenya \nMr. Saad Rahman\, Deputy Chief Executive Officer\, Salaam Investment Bank Kenya (SIBK)
URL:https://www.ifsb.org/event/eve00491-joint-ifsb-cma-kenya-seminar-on-islamic-capital-market/
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20210624T163000
DTEND;TZID=UTC:20210624T220000
DTSTAMP:20260511T063658
CREATED:20210623T160012Z
LAST-MODIFIED:20231227T090636Z
UID:4584-1624552200-1624572000@www.ifsb.org
SUMMARY:Joint IFSB-SEC Nigeria Seminar on Islamic Capital Market
DESCRIPTION:COVID 19: INVESTOR PROTECTION AND TRANSPARENCY IN ISLAMIC CAPITAL MARKET \nThe pandemic has unexceptionally affected all economic and financial sectors globally\, including the Islamic financial services sector.  Given the ongoing uncertainty created by the pandemic and the potential risks it poses for economic growth and financial stability\, protecting investors against possible market failures\, as well as enhancing transparency and information available to investors are essential in regaining investor trust and confidence in the Islamic capital markets\, which is in turn\, crucial to prevent any deterioration of market conditions. \nMany market failures directly impact investors\, including asymmetry of information\, agency problems or detrimental conflicts of interest. They may affect the functioning of the market and contribute to the perception that capital markets are an unsafe environment. Thus\, it is imperative for policy makers and regulators to address these issues through regulatory intervention\, in order to rebuild investor confidence during volatile market conditions and to effectively address possible market failures that could impact the level of protection of investors. Better protected investors are also likely to make more informed investment decisions and be less prone to react irrationally to market events or follow “herd behavior” which are disruptive for financial markets and the economy as a whole. Thus\, transparency and investor protection can be seen as factors that ultimately contribute to the stability of financial markets. \nThe seminar therefore aims to increase awareness of the importance of investor protection and transparency in fostering investor confidence and ultimately the sustainability and stability of the Islamic capital markets and to provide a platform to discuss critical policy issues arising in the context of the current global financial environment. \nObjectives \nThe seminars’ main objectives are to: \n\n\n 	Address Islamic finance-specific issues in relation to investor protection.\n 	Discuss best practices for investor protection in the ICM and the elements of a robust investor protection framework.\n 	Highlight best practices and guidelines on disclosure requirements for ICM products\, specifically for ṣukūk and Islamic collective investment schemes (ICIS).\n 	Identify issues arising from the current global environment\, and share policy actions taken by various regulators and policy makers to address emerging challenges and issues.\n\nProgramme Outcome \nAt the end of the seminar\, participants will have a comprehensive understanding on investor protection and disclosure requirements to strengthen investor confidence and improve financial market performance. The seminar will be structured around guidance from IFSB standards\, as well as experiences from the industry.  Participants will be able to takeaway insights on the various policy approaches and best practices in different jurisdictions to address new and emerging issues related to investor protection and transparency in light of the new global realities. \nProgramme Approach \n\n\n 	Interactive discussions on a wide array of issues on investor protection and transparency in the ICM\n 	Discussion on the best market practices and regulatory challenges\n\nEvent Snapshots\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n24/06/2021\n16:30 – 16:45\nWelcoming Remarks (IFSB)\nDr. Bello Lawal Danbatta\, Secretary-General\, Islamic Financial Services Board \n\n\n\n16:45 – 17:00\nOpening Remarks (SEC Nigeria)\nMr. Lamido Yugaga\, Director General\, SEC Nigeria \n\n\n\n17:00 – 17:45\nSession 1: Overview of the Islamic Capital Markets in Nigeria\n\n 	Development and growth of the Islamic capital markets in Nigeria\n 	Islamic finance development\, products and issuances in Nigeria\n 	Regulatory developments and challenges\n 	COVID-19 and impact on the market\n\nPresenter: Mr. Abdulkadir Abbas\, Head of Department – Securities and Investment Services\, SEC Nigeria \n\n\n\n17:45 – 17:50\nShort Break\n\n\n17:50 – 18:30\nSession 2: Strengthening Investor Protection in the Islamic Capital Markets\n\n 	Overview of regulatory issues and the key principles of investor protection;\n 	Overview of the global Islamic capital markets and trends\n 	The role of product governance\, conduct of business requirements (including client assets\, best execution\, and conflicts of interest etc.)\, and good practices in relation to investor redress and investor education\, and;\n 	Emerging investor protection issues in the Islamic capital markets in the context of the current global environment\n\nPresenter: Ms. Aminath Amany Ahmed\, Member of the Secretariat\, Islamic Financial Services Board \n \n\n\n18:30 – 19:30\nAfternoon Break\n\n\n19:30 – 20:15\nSession 3: Enhancing Transparency in the Islamic Capital Market (Sukuk)\n\n 	Principles of transparency and disclosure for Sukuk and regulatory best practices\n 	Overview of key regulatory considerations and specificities of Sukuk\n 	Role of transparency and disclosure in protecting Sukuk investors\n 	Addressing emerging issues and challenges for Sukuk through better informed investors\n\nPresenter: Peter Casey\, Consultant\, Islamic Financial Services Board \n\n\n\n20:15 – 20:20\nShort Break\n\n\n20:20 – 21:05\nSession 4: Enhancing Transparency in the Islamic Capital Market (ICIS)\n\n 	Overview of key regulatory considerations and specificities of ICIS\n 	Principles of transparency and disclosure for ICIS and regulatory best practices\n 	Role of transparency and disclosure in protecting ICIS investors\n 	Addressing emerging issues and challenges for ICIS through better informed investors\n\nPresenter: Peter Casey\, Consultant\, Islamic Financial Services Board \n \n\n\n21:05 – 21:15\nShort Break\n\n\n21:15 – 22:00\nSession 5: Panel: Safeguarding investors in a challenging global environment\n\n 	Implications of the COVID-19 pandemic for the Islamic capital markets\n 	Policy actions taken by regulators to mitigate the impact of the pandemic\n 	Key investor protection issues arising from the unprecedented economic and financial market conditions and addressing these issues;\n 	Promoting investors’ confidence in an uncertain environment through greater market transparency\, assessment and information.\n 	Q&A on specific considerations and policy issues unique to the Islamic capital market and the way forward.\n\nPanelists: \nPeter Casey\, IFSB Consultant (Lead Panelist) \nMr. Abdulkadir Abbas\, Head of Department – Securities and Investment Services\, SEC Nigeria \nMrs. Hajara Adeola\, Managing Director\, Lotus Capital Limited \nMr. Hichem Bouqniss\, Execuitve Director\, International Islamic Liquidity Management Corporation
URL:https://www.ifsb.org/event/eve00494-joint-ifsb-sec-nigeria-seminar-on-islamic-capital-market/
LOCATION:Online
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/jpeg:https://www.ifsb.org/wp-content/uploads/2023/10/EVE00494-1.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20210525T093000
DTEND;TZID=UTC:20210525T234500
DTSTAMP:20260511T063658
CREATED:20210524T160006Z
LAST-MODIFIED:20231227T090716Z
UID:4619-1621935000-1621986300@www.ifsb.org
SUMMARY:12th IFSB Public Lecture on Financial Policy and Stability
DESCRIPTION:Programme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n25/05/2021\n09:30 – 09:45\nWelcoming and Opening Remarks\n Dr. Bello Lawal Danbatta\, Secretary-General\, IFSB \n\n\n\n09:45 – 10:30\nPublic Lecture 1: Current and Post-Pandemic Financial System Stability Challenges: The Way Ahead\nSpeaker: Dr. Tobias Adrian\, Financial Counsellor and Director of the Monetary and Capital Markets Department – International Monetary Fund \n\n\n\nThe COVID-19 pandemic has resulted in economic and financial downturns and market turmoil affecting almost every country around the globe in 2020. To alleviate economic pressures\, governments adopted various economic and financial policy measures such as tax relief\, postponing loan/financing interest/profit payments\, special liquidity to labour-intensive sectors (SMEs\, etc) and easing macroprudential and microprudential indicators to maintain financial system stability. The effects of the pandemic seem to continue into 2021\, as some countries struggle while others show slight indications of economic recovery. Overall\, the majority of countries are continuing their efforts to stimulate the economy and contain the pandemic\, through the rollout of vaccination programmes\, strict health protocols and increasing health facilities. Fortunately\, financial system stability as shown by the improved financial market activities\, banking and nonbank performance and investors’ investment activities indicates positive recovery. Amongst the lessons learnt from the pandemic are integrated and coordinated economic and financial policies among authorities; digital transformation and financial technology; more social\, health and welfare-oriented economic and financial activities. Banks and financial systems as a whole are witnessing transformation to become more agile and adaptive towards sustainable practices. Some issues to be stressed and elaborated on are:\n\n(1) How much has the pandemic transformed the current economic and financial system?\n(2) How to maintain economic and financial system stability and what policies are more likely to remain in the post-pandemic era and beyond?\n(3) What are shifting paradigms occurred or need to occur to maintain economic and financial stability?\n(4) What will be the roles of authorities in post-pandemic era and beyond?\n\n\n\n\n10:30 – 11:00\nBreak\n\n\n11:00 – 11:45\nPublic Lecture 2: Islamic Financial System Stability: Post Pandemic Impacts and Way Ahead\n\nSpeakers:\nDr. Zamir Iqbal\, Vice President\, Finance\, Islamic Development Bank\nProfessor Dr. Asad Zaman\, Director General International\, Institute of Islamic Economics. International Islamic University Islamabad\n\n\nEconomic and financial pressures and instability resulting from the pandemic have transformed economic and financial transactions. Electronic contracts and financial agreements\, electronic transactions (e-banking\, e-sukuk\, e-money\, etc)\, financial technology (less physical interactions) and digital currencies have seen wider use in the business and financial markets.    \n \n\nDue to massive development of start-up companies\, various social media and digital-based transactions have created new ways of collecting\, investing and managing both commercial and social funds. Securities crowdfunding\, e-payment of zakah\, waqf\, including their distribution via virtual platforms\, may lead to potential Sharīʻah risks. These phenomena vividly impact the global Islamic financial system stability and can lead to the transformation of Islamic finance system to face post pandemic challenges and be more agile\, adaptive and innovative.  \n\n\nLately\, Islamic finance industry (banks\, capital market\, takaful) has changed its business model as well as technological adoption in which there are techno-based Islamic finance applications\, more social responsive Islamic finance transactions and including eco-friendly Islamic investment applied during and possibly post pandemic condition.    \n\n\nSome areas to be discussed:\n(1) How is the global Islamic financial (IF) system stability during and post pandemic? Is the policy flexibility in the pandemic caused the resilience of IF or \n(2) What are exit policies currently applied in most of jurisdictions to sustain the IF stability?  \n(3) What are lessons learnt from the pandemic to be responded and incorporated in the current IF practices?\n(4) What kinds of transformation required by IF to cope with the future economic and finance challenges?    \n\n\n11:45 – 11:45\nEnd of the Public Lecture
URL:https://www.ifsb.org/event/eve00489-12th-ifsb-public-lecture-on-financial-policy-and-stability/
LOCATION:Virtual
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20201216
DTEND;VALUE=DATE:20201217
DTSTAMP:20260511T063658
CREATED:20201215T160042Z
LAST-MODIFIED:20231228T020812Z
UID:4725-1608076800-1608163199@www.ifsb.org
SUMMARY:21st Islamic Financial Stability Forum - The Implications of COVID-19 on the Stability of Islamic Financial Services Industry
DESCRIPTION:The IFSF provides opportunity to renowned IFSI leaders\, decision markers and regulators to offer diverse perspectives as well as exchange ideas with industry stakeholders across different segments of the IFSI on related regulatory and policy initiatives and issues. This 21st IFSF involves a session of panel discussion that focuses on the COVID-19 related issues and their implication for the stability and resilience of the IFSI. Further\, it also attempts to have forward looking policy to prevent the potential and unprecedented crisis and industry responses facing the current and future crisis.\n\nThe COVID-19 pandemic no doubt exerts significant pressures on both the regulatory and supervisory authorities (RSAs) as well as supervised firms including the institutions offering Islamic financial services (IIFS). This is especially in terms of coping with the dynamics of the consequences of the pandemic depending on its effects and duration\, as well as adapting supervisory approaches and working practice respectively toward the apparent\, anticipated\, and obscure risks that may result due to contraction in the real economy to which the IFSI is highly exposed.\n\nIn addition\, it is likely that the need to urgently address the matters arising from the outbreak of COVID-19 may have subsumed attention to other wider issues relating to how the IFSI complements the achievement of the sustainable development goals including the social development. These developments will obviously put both the stability and resilience of the IFSI to test in the later part of 2020 and perhaps beyond. The specific issues relating to these broad concerns are amongst the focus of the panel discussion session of this 21st IFSF besides the prospect of Islamic finance taken into account the lesson learnt from the pandemic.\n\n \n\nEvent Snapshots\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n16/12/2020\n14:30 – 14:40\nOpening Remarks\n\n\n14:40 – 16:00\nPanel Discussion on Assessing the effectiveness of regulatory and supervisory response to maintain financial stability upon the impact of COVID-19 and way ahead\n\nIn many jurisdictions\, recommendations have been offered on the use of regulatory buffers\, the need to preserve compliance with international standards\, and promote international and inter-organisational coordination. A few have also looked at these issues with focus on the specificities of Islamic financial services such as balance sheet components\, relatively smaller size of the IFSI in many jurisdictions\, and the state of the economy of countries where Islamic finance is practiced.\n\nWhile the effect of the first wave of the pandemic is starting to manifest\, especially as various fiscal\, monetary and other stimulus introduced by the various governments are being relaxed\, the impact of the second wave of COVID-19 is also likely to take effect in the coming months. Not only might there be a significant increase in credit risk due to financing delinquencies\, market liquidity might also be strained\, and asset markets might be disrupted. Moreover\, the indispensability of digitalising financial services due to social distancing as a new normal to flatten the curve of the pandemic also presents technology-related risks that might result from staff remote access to financial network as well as outsourcing of cloud services for instance to third-parties.\n\nAlso\, the abruptness and pervasiveness of the COVID-19 pandemic and the responses it elicited might also have impacted on the requisite attention needed on other wider issues including for instance\, climate change and financial inclusion which are also considered important to the IFSI. While these challenges affect the entire financial system in a jurisdiction\, their implications for the IFSI might also present peculiar effects given the specificities of Islamic finance.\n\n \nDiscussion Points:\n\n 	What is the effect of the prudential regulatory and supervisory policy response to COVID-19to maintain financial stability of IFSI in general?\n 	Are various stimulus packages introduced stimulating new spending and preventing job losses quickly enough as desired especially to the households and SMEs to which the Islamic banks are highly exposed?\n 	Are there any unexpected prudential consequences peculiar to the specificities of the IFSI that have emerged from the crisis and what are their implications?\n 	How can the Islamic banks deal with regulatory capital treatment of ECLs given that IFRS-9 did not specify such treatment for profit and loss sharing contract\, for instance?\n 	What are the peculiar impediments and risks to the digital transformation of the IFSI as necessitated by COVID-19? Are there legacy infrastructure\, human capital or capital budgeting constraints\, for instance?\n 	How effective is the coordination and communication among various regulators and supervisors of Islamic finance segments in response to COVID-19?\n 	What factors should the regulatory and supervisory authorities consider to be of utmost importance\, as countries where Islamic finance is practiced gradually ease the lockdown?\n 	What are the forward looking policy to be pursued taken into account the lesson learnt from pandemic?\n 	To what extent has the focus on the effect of the pandemic subsumed attention on other wider issues and initiatives that are pertinent to Islamic finance such as financial inclusion\, climate change\, etc?\n\n·\n\n\n16:00 – 16:15\nQ&A Session
URL:https://www.ifsb.org/event/eve00473-21st-islamic-financial-stability-forum-the-implications-of-covid-19-on-the-stability-of-islamic-financial-services-industry/
LOCATION:Kuala Lumpur\, Kuala Lumpur\, Malaysia\, Malaysia
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20201214
DTEND;VALUE=DATE:20201215
DTSTAMP:20260511T063658
CREATED:20201213T160002Z
LAST-MODIFIED:20231228T020819Z
UID:4753-1607904000-1607990399@www.ifsb.org
SUMMARY:Roundtable on Takaful
DESCRIPTION:Event Snapshots
URL:https://www.ifsb.org/event/eve00474-roundtable-on-takaful/
LOCATION:Online
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20201130
DTEND;VALUE=DATE:20201201
DTSTAMP:20260511T063658
CREATED:20201129T160042Z
LAST-MODIFIED:20231228T010914Z
UID:4801-1606694400-1606780799@www.ifsb.org
SUMMARY:2nd Innovation Forum - Digital Transformation of Islamic Finance and other Innovative Solutions for Post-COVID-19 Recovery
DESCRIPTION:The 2nd IFSB innovation forum sets the stage to enable the most creative minds in the Islamic financial services industry to showcase their pre-developed or conceptualised products\, instruments\, services\, mobile applications\, digital platforms and other offerings which exhibit an element of innovation and forward-looking creativity to deal with and respond to the new global reality\, particularly focusing on digital and business transformation and other innovative initiatives that will improve the resilience of the Islamic finance industry and accelerate its growth during the post-COVID-19 recovery.\n\nThis Forum\, which is conducted as a regular biennial series\, is an effort by the IFSB to bring together the Islamic finance stakeholders to focus on the promotion and development of innovative Islamic finance solutions\, vital to create the competitive edge needed to sustain the Islamic financial services industry going forward. This is in-line with the IFSB’s Articles of Agreement 4(d) which puts one of the objective of the IFSB as ‘”to enhance and coordinate initiatives to develop instruments and procedures for efficient operations and risk management”.\n\nThe Forum targets regulators\, policy makers\, Islamic financial institutions\, start-ups and FinTechs\, academic and research institutions\, financial services providers\, legal practitioners\, Sharīʿah advisors and other interested stakeholders to enable an enriched discussion on enhancing the culture of innovative thinking and development in the Islamic financial services industry. The audience will be able to interact with the presenters showcasing their innovative solutions and also discuss strategies for the widespread adoption and implementation of such solutions in different jurisdictional settings for the greater benefit of the industry.\n\nThe 2nd Innovation Forum will feature invited organisations to showcase their products.The presentations and product showcasing will be followed by expert discussions by selected regulators and academics on how these innovative solutions can improve efficiency and risk management in the Islamic financial services industry.\n\nThis Forum is open for All. For registration and enquiries\, please email Ms. Noor Azmah Mohd Yusof at noor.azmah@ifsb.org\n\nEvent Snapshots\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nProgramme – Event Session(s)\n\n\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n30/11/2020\n15:30 – 15:45\nOpening Remarks\n\n\n15:45 – 18:30\nDigital Transformation of Islamic Finance and other Innovative Solutions for Post-Covid-19 Recovery\n\n\n\n\n \n\nDownloadable Documents\n\n 	Event Session(s) – PDF Format
URL:https://www.ifsb.org/event/eve00471-2nd-innovation-forum-digital-transformation-of-islamic-finance-and-other-innovative-solutions-for-post-covid-19-recovery/
LOCATION:Kuala Lumpur\, Kuala Lumpur\, Malaysia\, Malaysia
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/jpeg:https://www.ifsb.org/wp-content/uploads/2023/10/EVE00471-6-1-e1697611390968.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20201030T143000
DTEND;TZID=UTC:20201030T183000
DTSTAMP:20260511T063658
CREATED:20201029T160052Z
LAST-MODIFIED:20231227T091047Z
UID:4859-1604068200-1604082600@www.ifsb.org
SUMMARY:IFSB & IIFM High-Level Seminar in conjunction with Indonesia Shariah Economic Festival 2020 - Accelerating Islamic Capital Market Development and Digitalization
DESCRIPTION:The COVID-19 pandemic and the measures taken to prevent its spread have had an increasingly significant impact on the global economy and the global financial markets. As part of policy responses to the pandemic\, regulators have cut interest rates significantly that have created further incentives for investors to search for higher yield\, leading to stretched valuations in some asset markets. Although accommodative conditions have helped contain near-term downside risks to the global growth\, they have also fuelled a further build-up of financial vulnerabilities.\n\nMany IFSB and IIFM members have had to take a range of extraordinary regulatory and supervisory measures to alleviate the impact of COVID-19 on financial stability in their jurisdictions and preserve the orderly functioning of financial markets. Capital market development becomes important in preserving the financial markets with the robust governance. In line with that development\, Islamic Capital Market (ICM) space is also considered by the regulators in the Islamic finance jurisdictions to function orderly in the financial market. Besides\, ICM is ensured to function as a good intermediary for the real sector development that can help to fuel the economic growth.\n\nAgainst that backdrop\, due to the pandemic\, the rapid technological development in ICM space is taking place to develop a more inclusive\, innovative and efficient capital market. Some government authorities have streamlined the ICM in their national agenda to deepen the Islamic financial market through innovative ICM product development by embracing technology particularly fintech throughdigitalization. Additionally\, while governments\, central banks\, regulators\, and international organizations have moved rapidly to address the immediate effects of COVID-19\, questions remain on how policies on ICM governance and digitalisation should continue to evolve to preserve well-functioned financial market. Hence\, this high level international seminar will be a timely platform for the stakeholders to discuss productively on how to address ICM development appropriately due to COVID-19 pandemic event and also rapid technological development.\n\nFor registration\, please click here.\n\n \n\nEvent Snapshots\n\n\n\n\n\n\n\n\n\n\n\n\n \n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n30/10/2020\n14:30 – 15:00\nOpening Remarks\n\n\n15:00 – 15:30\nKeynote Address\n\n\n15:30 – 17:00\nSession 1 – Panel Discussion: ICM Advancement as a Catalyst for Islamic Financial Market and Real Sector Development to increase the roles of ICM in the midst of pandemic\n\n 	Key highlights of the global macroeconomic environments and Islamic financial market current conditions as the ecosystem for ICM.\n 	Exploring the new benchmark rate for pricing the Islamic securities.\n 	Unlocking opportunities for ICM to advance with innovative products and regulations that supports Islamic financial market and real sector development with a robust governance.\n\n\n\n\n17:15 – 18:30\nSession 2 – Digitalisation of ICM and Market Code of Conducts\n\n 	Current state of the art technology of the ICM.\n 	The importance of embracing digitalization to spur the growth of ICM.\n 	Smart contract in advancing the Islamic capital market development. \n\n\n\n\n\n \n\nDownloadable Document(s)\n\n 	Event Session(s) – PDF Format
URL:https://www.ifsb.org/event/eve00464-ifsb-iifm-high-level-seminar-in-conjunction-with-indonesia-shariah-economic-festival-2020-accelerating-islamic-capital-market-development-and-digitalization/
LOCATION:Online
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/jpeg:https://www.ifsb.org/wp-content/uploads/2023/10/EVE00464-1-1-e1697613591511.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20201022
DTEND;VALUE=DATE:20201023
DTSTAMP:20260511T063658
CREATED:20201021T160029Z
LAST-MODIFIED:20231227T091109Z
UID:4876-1603324800-1603411199@www.ifsb.org
SUMMARY:14th IFSB-INCEIF Executive Programme - Measures to Create Resilience for the Islamic Finance Industry During and Post-Crisis: Regulator’s Perspectives
DESCRIPTION:The COVID-19-induced global recession has been an unprecedented and unique crisis for the financial system\, as a completely exogenous crisis originating from outside of the financial system. The unique crisis also presented the need for unique policy responses which makes it pertinent to examine how the financial system has responded during the crisis to manage it\, and how it might move forward after the crisis to ensure economic and financial system recovery\, stability\, resilience and growth. It is also imperative to look at the gaps in the current regulatory system that become apparent during the crisis and which requires attention by standard-setters and regulators going forward.\n\n 	To identify the common gaps and shortcomings of the financial regulatory frameworks and approaches in preventing the financial industry from a crisis\n 	To discuss and elaborate policy measures and actions that need to be taken by regulators in order to maintain the financial system stability and create resilience of the financial industry during a crisis.\n 	To understand steps to be taken in sustaining both financial institutions and the economic development of the country post-crisis\n\n \n\nEvent Snapshots\n\n\n\n \n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n22/10/2020\n14:30 – 14:40\nOpening Remarks\n\n\n14:40 – 15:25\nMeasures to Create Resilience for the Islamic Finance Industry During and Post-Crisis: Regulator’s PerspectivesAt the end of the session\, participants will be able to identify best practices and steps that need to be taken in enhancing regulatory frameworksfor crisis management in protecting the financial industry amid crisis.\n\n 	What enhancements in the regulatory frameworks may be considered for financial regulation to effectively address crises?\n 	Are the current regulatory regimes for crisis management adequately equipped to handle severe stress scenarios and non-economic sources of crisis?\n 	How adaptable is the regulatory framework to new or unique crises?\n 	Are there appropriate coordination and integrative mechanisms among regulators for crisis management?\n\n\n\n\n15:25 – 15:30\nBreak\n\n\n15:30 – 16:15\nSession 2: Regulators’ Responses to CrisisAt the end of the session\, the participants would be able to understand what policy measures and actions need to be taken by regulators in order to ensure economic and financial system stability and create resilience of the financial industry during a crisis.\n\n 	What are the regulatory policy measures and programs/actions adopted by the regulatory authorities to address Covid-19 impacts on the Islamic financial  sector?\n 	How have regulators dealt with crisis preparedness to ensure the safety-net of Islamic financial institutions?\n 	What are the priorities for regulatory authorities in managing the soundness of Islamic financial institutions during the crisis?\n 	Are there material differences between the Islamic banking sector and its conventional counterparts in dealing with and recovering from the crisis?\n\n\n\n\n16:15 – 16:20\nBreak\n\n\n16:20 – 17:05\nSession 3: Sustainability of Financial Institutions Post Crisis At the end of the session\, the participants would be able to understand steps to be taken in sustaining both financial institutions and the economic development of the country post crisis.\n\n 	What are the strategies for ensuring continued sustainability of Islamic financial institutions post crisis?\n 	What is the way forward for Islamic financial institutions post crisis in the midst of Banking 4.0?\n 	What are the required actions for Islamic financial institutions to channel back their liquidity to the real sector as part of the economic recovery measures of the country?\n 	What are the roles of Islamic social finance to sustain economic recovery in line with the Sustainable Development Goals (SDGs)?\n\n\n\n\n\n \n\nDownloadable Document(s)\n\n 	Event Session(s) – PDF Format
URL:https://www.ifsb.org/event/eve00457-14th-ifsb-inceif-executive-programme-measures-to-create-resilience-for-the-islamic-finance-industry-during-and-post-crisis-regulators-perspectives/
LOCATION:Online
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/jpeg:https://www.ifsb.org/wp-content/uploads/2023/10/EVE00457-1.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20201020
DTEND;VALUE=DATE:20201021
DTSTAMP:20260511T063658
CREATED:20201019T160058Z
LAST-MODIFIED:20231227T091120Z
UID:4886-1603152000-1603238399@www.ifsb.org
SUMMARY:IFSB Executive Programme on ICM & Takaful - COVID-19 and Implications for the Islamic Capital Markets and Takaful Sectors
DESCRIPTION:The COVID-19 crisis has resulted in an extraordinary supply and demand shock to the global economy with far reaching consequences\, including implications for the financial markets and insurance sectors. The uncertainties resulting from COVID-19 are also likely to remain for the foreseeable future.\n\nThe initial impact of the COVID-19 outbreak on the capital markets was acute. It resulted in sharp price adjustments across both the fixed-income and equity markets\, capital outflows and a liquidity crunch across global financial markets. As the pandemic continues to evolve\, it also presents both immediate and future challenges for the rest of the financial system\, including takaful and retakaful institutions\, among others.\n\nWhile the policy responses to address the immediate effects of COVID-19 on the financial system has been swift\, further assessment is needed on how policies should continue to evolve to preserve financial stability and address the potential medium- and longer-term effects of COVID-19\, and in particular\, whether there are any Islamic finance specific risks\, challenges or opportunities for players in the Islamic capital markets and the takaful sector. This executive programme aims to try and answer some of these crucial questions and to encourage discussion\, debate and sharing of country challenges\, experiences and policy approaches\, focusing particularly on the Islamic capital market and takaful sectors.\n\nThe objectives of this programme are:\n\n 	to discuss the impact of COVID-19 on the Islamic capital markets and its implications for the stability and resilience of the financial system\n 	to discuss the implications of COVID-19 for takaful institutions and identify specific risk factors that might arise in relation to specificities of Islamic finance\n 	to discuss the areas where regulatory responses may be needed to address the impact of COVID-19 to ensure the resilience and stability of takaful institutions and Islamic capital markets.\n\n \n*****This Executive Programme is free for all categories of IFSB members. For Non-Members a participation fee of USD100 will be applicable***** \n \n\nEvent Snapshots\n\n\n\n\n\n \n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n20/10/2020\n14:30 – 14:40\nOpening Remarks\n\n\n14:40 – 16:05\nSession 1: Implications of COVID-19 on Islamic Capital Markets\n\n 	What has been the global impact of COVID-19 on Islamic capital markets?\n 	How might it affect sovereign and corporate sukuk issuances?\n 	What are the implications for stability and resilience of Islamic capital markets?\n 	What are the implications for liquidity management for the Shar??ah-compliant asset management industry?\n 	What has been the impact of volatility in equity markets for Shar??ah screening\, particularly on financial screening ratios?\n 	What are the various policy actions and regulatory measures that have been taken by regulators to mitigate the impact of COVID-19 on Islamic capital market stability and to protect investors?\n\n\n\n\n16:05 – 17:30\nSession 2: Covid-19 and Impact on Takaful and Retakaful Institutions\n\n 	What has been the implications of COVID-19 on the performance of takaful and retakaful Institutions?\n 	What are the operational\, market and credit risk exposures for takaful and retakaful Institutions due to COVID-19?\n 	What are the appropriate risk management measures for takaful and retakaful Institutions in responding to COVID-19 implications?\n 	What are the regulatory treatments that have been undertaken by regulatory and supervisory authorities to ensure takafulsector stability in the short-term?\n 	What are potential vulnerabilities that might arise in the medium or long-term for takaful and retakaful institutions as a result of COVID-19 and how might regulatory policies address these?\n\n\n\n\n\n \n\nDownloadable Document(s)\n\n 	Event Session(s) – PDF Format
URL:https://www.ifsb.org/event/eve00462-ifsb-executive-programme-on-icm-takaful-covid-19-and-implications-for-the-islamic-capital-markets-and-takaful-sectors/
LOCATION:Online
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20201007T090000
DTEND;TZID=UTC:20201007T233000
DTSTAMP:20260511T063658
CREATED:20201006T160000Z
LAST-MODIFIED:20231227T091201Z
UID:4926-1602061200-1602113400@www.ifsb.org
SUMMARY:WB - IFSB Seminar on Financial Inclusion
DESCRIPTION:Maximising Islamic Finance for Financial Inclusion\n\nIt is estimated that about 1.7 billion people\, accounting for one-third of the world’s adult population\, have no access to formal financial services and most of them live in developing countries. According to Findex\, 72% of Organization of Islamic Cooperation (OIC) countries’ population is unbanked\, which is considerably higher than the global average.\n\nConsidering that financial inclusion is necessary to rebuild economies after COVID-19\, it is crucial that there is greater access and liquidity support to financial services. Although the industry has experienced substantial growth over the past two decades\, there is a new potential to substantially expand access to Islamic financial services through the use of innovative\, FinTech-based solutions and even including the Islamic social finance.\n\nAgainst this background\, the session of the Sustainable and Inclusive Finance Forum will explore the use of Islamic finance schemes\, instruments and regulations to support financial inclusion\, thereby contributing to the fight against poverty and fostering shared prosperity including the impacts of Covid-19 to the less developed economies. It will explore policy\, regulatory and institutional elements required for the sustainable use of Islamic finance to expand access to financial services.\n\nThe Webinar will be delivered in collaboration with the World Bank.\n\nClick here to register.\n\n \n\nEvent Snapshots\n\n\n\n\n\n\n\n\n\n\n\n \n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n07/10/2020\n09:00 – 09:25\nOpening Remarks\n\n\n09:25 – 09:35\nKeynote Address and Launching of the World Bank Reports on Islamic Finance: Islamic Finance and Financial Inclusion in Malaysia\n\n\n09:35 – 11:00\nLeveraging Islamic Fintech to Improve Financial Inclusion\n\n 	Islamic finance: A catalyst for Financial Inclusion\n 	Maximising Islamic Fintech for Financial Inclusion\n 	The Role of Regulators in Strengthening Financial Inclusion\n\n\n\n\n11:25 – 11:30\nQ&A Session\n\n\n\n \n\nDownloadable Document(s)\n\n 	Event Session(s) – PDF Format
URL:https://www.ifsb.org/event/eve00461-wb-ifsb-seminar-on-financial-inclusion/
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20200826
DTEND;VALUE=DATE:20200827
DTSTAMP:20260511T063658
CREATED:20231016T225950Z
LAST-MODIFIED:20231227T085235Z
UID:3831-1598400000-1598486399@www.ifsb.org
SUMMARY:IFSB CEO’s Forum
DESCRIPTION:The unprecedented contractions experienced by economies due to measures implemented to contain the COVID-19 pandemic are likely to also have implications for the Islamic financial services industry (IFSI). Many Islamic financial institutions have had to make significant adjustments to adapt to the new environment. The growth rate of the financial sector is also likely to be affected because of the significant shock to the economy. It is essential in this circumstances\, for institutions offering Islamic financial services (IIFS) to effectively address the financial and operational challenges posed by the COVID-19 pandemic\, ensure resilience and support the recovery of the economy.\n\nThere are also many new opportunities for IIFS in the post-COVID-19 environment\, including digitalisation as well as a greater role for Islamic social finance instruments among other things\, providing an opportunity to unlock the long-term potential of the IFSI.\nThe forum aims to bring together industry leaders across the globe to discuss the challenges as well as the opportunities created by the COVID-19 pandemic\, strengthening the resilience of the IFSI and the way forward post-COVID-19.\n\nMr. Ahmed Barakat (tel: +603 9195 1441\, email: ahmed.barakat@ifsb.org) is the person in charge of the membership affairs at the IFSB\, and he would be pleased to respond to any further enquiries.\n\n\n***REGISTRATION OPEN FOR MEMBERS ONLY***
URL:https://www.ifsb.org/event/eve00452-ifsb-ceos-forum/
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20200826
DTEND;VALUE=DATE:20200827
DTSTAMP:20260511T063658
CREATED:20200825T160041Z
LAST-MODIFIED:20231227T091300Z
UID:4960-1598400000-1598486399@www.ifsb.org
SUMMARY:IFSB CEO’s Forum
DESCRIPTION:The unprecedented contractions experienced by economies due to measures implemented to contain the COVID-19 pandemic are likely to also have implications for the Islamic financial services industry (IFSI). Many Islamic financial institutions have had to make significant adjustments to adapt to the new environment. The growth rate of the financial sector is also likely to be affected because of the significant shock to the economy. It is essential in this circumstances\, for institutions offering Islamic financial services (IIFS) to effectively address the financial and operational challenges posed by the COVID-19 pandemic\, ensure resilience and support the recovery of the economy.\n\nThere are also many new opportunities for IIFS in the post-COVID-19 environment\, including digitalisation as well as a greater role for Islamic social finance instruments among other things\, providing an opportunity to unlock the long-term potential of the IFSI.\n\nThe forum aims to bring together industry leaders across the globe to discuss the challenges as well as the opportunities created by the COVID-19 pandemic\, strengthening the resilience of the IFSI and the way forward post-COVID-19.\n\nMr. Ahmed Barakat (tel: +603 9195 1441\, email: ahmed.barakat@ifsb.org) is the person in charge of the membership affairs at the IFSB\, and he would be pleased to respond to any further enquiries.\n\n \n***REGISTRATION OPEN FOR MEMBERS ONLY*** \n \n\nEvent Snapshots\n\n\n\n\n\n\n \n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n26/08/2020\n15:30 – 15:40\nOpening Remarks – Dr Bello Lawal Danbatta\, Secretary-General of the IFSB\nHighlights on the IFSB initiatives in response of COVID-19 developments \n\n\n\n15:40 – 16:40\nPanel Discussion: COVID-19 and Implications for IIFS\n\n 	What has been the economic implications of the COVID-19 pandemic on the performance of the IIFS?\n 	What are the specific issues and risk exposures of IIFS due to COVID-19?\n 	What are the major challenges and risks taht need to be addressed to strengthen the resilience of IIFS?\n 	What are the opportunities and way forward for IIFS in the post COVID-19 environment?\n\n\n\n\n16:40 – 17:40\nSession 1: Implications on COVID-19 on IIFS\n\n\n17:40 – 18:00\nSession 2: Post COVID-19 Opportunities for IIFS\n\n\n\n \n\nDownloadable Document(s)\n\n 	Event Session(s) – PDF Format
URL:https://www.ifsb.org/event/eve00452-ifsb-ceos-forum-2/
LOCATION:Online
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/jpeg:https://www.ifsb.org/wp-content/uploads/2023/10/EVE00452-1.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20200806T153000
DTEND;TZID=UTC:20200806T173000
DTSTAMP:20260511T063658
CREATED:20200805T160039Z
LAST-MODIFIED:20231227T091344Z
UID:3854-1596727800-1596735000@www.ifsb.org
SUMMARY:Launching of The Islamic Financial Services Industry Stability Report 2020 & IFSB Members and Industry Engagement Session (MIES) Via Online Platform
DESCRIPTION:The Islamic Financial Services Board (IFSB) will release the eighth edition of its annual Islamic Financial Services Industry Stability Report 2020 highlighting important developments in the growth\, stability and other aspects of the Islamic financial services industry (IFSI).\n\nThe IFSB’s IFSI Stability Report series\, which was first launched in 2013\, has become an important benchmark publication\, providing an assessment of the growth\, development and stability of the IFSI. The objectives of this flagship Report is anchored on the IFSB’s mandate to promote the development of a prudent and transparent Islamic financial services industry.\n\nThe launching will be also followed by the IFSB’s Members and Industry Engagement Session\, which provides an interactive platform for communication between the IFSB member organisations\, the bigger Islamic financial services industry stakeholders\, and the IFSB Secretariat.\n\nIn this session\, the IFSB will provide an expectation for the implications of COVID-19 on the global Islamic financial services industry to the audience\, and followed by a panel discussion to allow greater interaction and exchange of views among the industry’s stakeholders – regulators and market players.\n\n \n\nDate        : 06 August 2020\n\nTime       : 15:30 – 17:30 (MYT)\n\nVenue     : ONLINE\n\nAttendees: Open to IFSB Members & Selected Invitees only\n\n \n\nFor more details\, please contact Mr Ahmed Barakat : ahmed.barakat@ifsb.org
URL:https://www.ifsb.org/event/eve00450-launching-of-the-islamic-financial-services-industry-stability-report-2020-ifsb-members-and-industry-engagement-session-mies-via-online-platform/
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20200806T153000
DTEND;TZID=UTC:20200806T173000
DTSTAMP:20260511T063658
CREATED:20200805T160032Z
LAST-MODIFIED:20231227T091354Z
UID:4976-1596727800-1596735000@www.ifsb.org
SUMMARY:Launching of The Islamic Financial Services Industry Stability Report 2020 & IFSB Members and Industry Engagement Session (MIES) Via Online Platform
DESCRIPTION:The Islamic Financial Services Board (IFSB) will release the eighth edition of its annual Islamic Financial Services Industry Stability Report 2020 highlighting important developments in the growth\, stability and other aspects of the Islamic financial services industry (IFSI).\n\nThe IFSB’s IFSI Stability Report series\, which was first launched in 2013\, has become an important benchmark publication\, providing an assessment of the growth\, development and stability of the IFSI. The objectives of this flagship Report is anchored on the IFSB’s mandate to promote the development of a prudent and transparent Islamic financial services industry.\n\nThe launching will be also followed by the IFSB’s Members and Industry Engagement Session\, which provides an interactive platform for communication between the IFSB member organisations\, the bigger Islamic financial services industry stakeholders\, and the IFSB Secretariat.\n\nIn this session\, the IFSB will provide an expectation for the implications of COVID-19 on the global Islamic financial services industry to the audience\, and followed by a panel discussion to allow greater interaction and exchange of views among the industry’s stakeholders – regulators and market players.\n\n \n\nDate : 06 August 2020\n\nTime : 15:30 – 17:30 (MYT)\n\nVenue : ONLINE\n\nAttendees: Open to IFSB Members & Selected Invitees only\n\n \n\nFor more details\, please contact Mr Ahmed Barakat : ahmed.barakat@ifsb.org\n\n \n\nEvent Snapshots\n\n\n\n\n\n\n\n\n\n\n \n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n06/08/2020\n15:30 – 15:35\nOpening Remarks\n\n\n15:35 – 15:50\nKeynote Address\n Launching of Stability Report \n\n\n\n15:50 – 16:05\nPresentation of Highlights of the Islamic Financial Services Industry Stability Report 2020\n\n\n16:05 – 16:10\nLaunching of the IFSI Stability Report\nVideo Presentation \n\n\n\n16:10 – 16:50\nIslamic Finance Stability and Covid-19 Implications Moving Forward (Moderated Session)\n\n\n16:50 – 17:25\nMembers – IFSB Q&A (Engagement) Session\n\n\n\n \n\nDownloadable Document(s)\n\n 	Event Session(s) – PDF Format
URL:https://www.ifsb.org/event/eve00450-launching-of-the-islamic-financial-services-industry-stability-report-2020-ifsb-members-and-industry-engagement-session-mies-via-online-platform-2/
LOCATION:Online
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20200728T150000
DTEND;TZID=UTC:20200728T173000
DTSTAMP:20260511T063658
CREATED:20200727T160006Z
LAST-MODIFIED:20231228T011019Z
UID:4991-1595948400-1595957400@www.ifsb.org
SUMMARY:IFSB Regulatory and Supervisory Authorities Forum on Covid-19
DESCRIPTION:IFSB REGULATORY AND SUPERVISORY AUTHORITIES FORUM ON COVID-19 \n28 July 2020 \n\n\n\n\nTITLE\n:\nCOVID-19 AND THE ISLAMIC FINANCIAL SERVICES INDUSTRY: POLICY IMPLICATIONS AND REGULATORY CHALLENGES\n\n\nType\n:\nOnline Forum\n\n\nTarget Audience\n:\nMember Regulatory and Supervisory Authorities (RSAs) of the IFSB\n\n\nDuration\n:\n15:00 – 17:30 (MYT)\n\n\nProgram Overview\n:\n\nThe outbreak of Covid-19 and the ensuing geographical lockdowns and movement restrictions in several jurisdictions have led governments and regulatory and supervisory authorities (RSAs) to introduce measures\, conventional and non-conventional\, to alleviate the resulting financial and economic impact on consumers as well as financial institutions. Policy responses targeted to the financial sector varied with the type of stress\, structure of the financial system and resilience of its significant players. \nThe IFSB\, through this forum and as the global prudential standard-setter for Islamic finance\, aims to provide a platform for IFSB RSA members to explore and discuss the effectiveness of various policy interventions introduced to counter the (Islamic) financial-sector implications of COVID-19. The forum also aims to facilitate sharing of policy implementation experiences across jurisdictions\, discuss their potential long-term impact on financial markets and institutions offering Islamic financial services (IIFS) and identify areas that may require further concern and coordination by the IFSB. \nThe IFSB Secretariat aims to utilise the outcomes of the forum in: \n\n\n 	providing guidance to the global Islamic financial services industry through public statements\,\n 	ensuring ongoing standards address identified challenges and potential consequences of policy responses; and\n 	setting the IFSB’s 2021 standard development and research agenda.\n\n\n\n\nObjectives\n:\n\nThe forum aims to: \n\n\n 	Explore the effectiveness\, implementation and challenges of international prudential and other financial policy measures (both conventional and Islamic) in response to COVID-19.\n 	Deliberate on the potential medium-term and long-term consequences for IIFS\, financial markets and consumers.\n 	Identify any Islamic finance specific-issues that have emerged or are likely to emerge in the future due to the direct impact of the pandemic or as a consequence of policy actions taken to mitigate the impact of the crisis.\n 	Share of policy implementation experiences across jurisdictions and identify policy areas that require further coordination and provision of guidance for the global Islamic financial services industry with regard to the impact of the pandemic\n 	Identify potential areas for future IFSB standards and research\n\n\n\n\nProgramme Approach\n:\n\n\n 	The IFSB Secretary-General to chair the forum and direct the flow of discussion\n 	Presentation/thoughts/issues from lead discussants representing Islamic banking\, Islamic capital markets and Takaful\, followed with presentations or discussions by experts representing RSAs and Rating Agencies.\n\n\n\n\nProgramme Outcomes\n:\n\n\n 	Results of the assessment of ongoing international policies and actions (both Islamic and conventional) in responding to the economic impacts of the pandemic.\n 	Coordinated polices and guidance for the global Islamic financial services industry\n 	Potential IFSB standards and research papers\n\n\n\n\nParticipation\n:\nMember RSAs of the IFSB and Rating Agencies\n\n\n\n \n\nEvent Snapshots\n\n\n\n\n\n\n \n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n28/07/2020\n15:00 – 15:15\nOpening Remarks\n\n\n15:15 – 15:30\nOverview of the Impact of Covid-19 on the Global Economy\, Islamic Banking and Sukuk\n\n\n15:30 – 15:45\nThe Impact of Covid-19 on Insurance and Takaful Sectors\n\n\n15:45 – 17:15\nDiscussion: Covid-19 and the Islamic Financial Services Industry- Policy Implications and Regulatory Challenges\n\n\n\n \n\nDownloadable Document(s)\n\n 	Event Session(s) – PDF Format\n 	Brochure\n\n 
URL:https://www.ifsb.org/event/eve00451-ifsb-regulatory-and-supervisory-authorities-forum-on-covid-19-2/
LOCATION:Online
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
END:VCALENDAR