Awareness Programme

The IFSB Annual Meetings and Side Events 2017 is jointly hosted by the Central Bank of the Islamic Republic of Iran and Bank Negara Malaysia. The 30th Meeting of the Council, 15th General Assembly of the IFSB, 15th Islamic Financial Stability Forum and Welcome Dinner is by INVITATION ONLY. For more information on the meetings and dinner, please email the following Secretariat in-charge: 1) Council Meeting, General Assembly and Welcome Dinner: Ms. Nur Khairun Nissa Md Zawawi (email: [email protected]) 2) 15th Islamic Financial Stability Forum: Ms. Yazmin Aziz (email: [email protected]) The following Side Events will also be held in conjuction with the IFSB Annual Meetings 2017. 1) Seminar on Islamic Finance and Global Regulation - Moving Targets and New Horizons: Mrs. Ida Shafinaz Ab. Malek (email: [email protected]) 2) 9th IFSB Public Lecture on Financial Policy and Stability: Mrs. Ida Shafinaz Ab. Malek (email: [email protected]) 3) Members and Industry Engagement Session: Mr. Ifran Tarmizi (email: [email protected]) Programme - Event Session(s) Date Time Topics Day 1 04/04/2017   IFSB SEMINAR ON ISLAMIC FINANCE AND GLOBAL REGULATION: MOVING TARGETS AND NEW HORIZONS (OPEN FOR PUBLIC) 08:30 - 09:30 Registration 09:30 - 09:45 Welcoming Remarks 09:45 - 10:00 Keynote Address 10:00 - 10:30 Coffee Break and Networking 10:30 - 11:45 Session 1: The Roll Out of Regulatory Reforms – Progress so Far and What is Left to Do? The Session aims to discuss how regulatory and supervisory authorities (RSAs) have achieved implementation and compliance with key prudential regulatory standards. It will look at what have been the main challenges, including the capacity building dimension. What is still to be accomplished e.g. on macroprudential supervision, cross-sector and consolidated supervision, stress testing and dealing with systemically important banks? 11:45 - 13:00 Session 2: Developing Liquid Islamic Money Markets: Challenges in Harmonisation and Local and International Issuances  This session aims to discuss the current state of the sukuk market against the backdrop of the existing economic conditions and market dynamics. What more needs to be done to spur sukuk issuances for liquid and vibrant Islamic money markets? What are specific legal, regulatory and disclosure reforms needed to resolve the impediments? Do sukuk structures and absence of trading platforms pose major hindrances to develop an active secondary sukuk market? 13:00 - 14:00 Lunch and Prayers 14:00 - 15:15 Session 3: New Horizons – Wider Outreach for the IFSI and Structural Challenges  This session aims to discuss the potential for Islamic finance to become more active across the start-up/SME financing space. What are the associated challenges from the regulatory and risk perspectives, and how can Islamic finance better manage these challenges? Discussion will also consider the rise of FinTech (i.e. crowdfunding/digital currencies) and how far Islamic finance can benefit it from its growth. 15:15 - 15:45 Coffee Break and Networking 15:45 - 17:00 Session 4: What does a Future State Islamic Finance Industry Look Like? The panel discussion will address the opportunities for Islamic finance going forward. Discussions will aim to examine whether the current state and shape of the industry are optimal given structural and regulatory challenges. The panel may look at where it sees the industry in the next 5 years; what does a future state Islamic financial services industry look like, and how do we get there? What are the pre-conditions in terms of capacity building and human resources? Day 2 05/04/2017 9TH PUBLIC LECTURE ON FINANCIAL POLICY AND STABILITY MEMBERS & INDUSTRY ENGAGEMENT SESSION WELCOME DINNER 08:30 - 12:30 9th PUBLIC LECTURE ON FINANCIAL POLICY AND STABILITY Open for Public 08:35 - 09:30 Registration 09:30 - 09:45 Opening Remarks 09:45 - 10:45 Lecture 1 Speaker: Mr. William Coen, Secretary-General, Basel Committee on Banking Supervision, Bank for International Settlements Topic: Global Adoption of the Basel Framework: Enhancing Financial Stability Across Countries 10:45 - 12:00 Lecture 2  Speaker: Dr. Mohd Daud Bakar, Founder and Group Chairman, Amanie Group Topic: Capital Raising for Sovereigns in an Era of Deficits: Realising Aspirations through Sukūk 12:00 - 12:30 Coffee Break and Networking 12:30 - 14:30 MEMBERS AND INDUSTRY ENGAGEMENT SESSION (Lunch) Open to all IFSB Members and Financial Institutions 19:30 - 22:30 WELCOME DINNER hosted by Bank Negara Malaysia  Open to IFSB Council, Full, Associate and Observer members only Day 3 06/04/2017 30TH MEETING OF THE IFSB COUNCIL 15TH GENERAL ASSEMBLY 15TH ISLAMIC FINANCIAL STABILITY FORUM 09:00 - 13:00 30th MEETING OF THE IFSB COUNCIL IFSB Council and Full Members (and accompanying persons) only 13:00 - 14:05 15th GENERAL ASSEMBLY  IFSB Council, Full, Associate and Observer members (and accompanying persons) only 14:05 - 15:10 Lunch IFSB Council, Full, Associate and Observer members (and accompanying persons) only 15:15 - 17:00 15th ISLAMIC FINANCIAL STABILITY FORUM  Theme: Global Regulatory Reforms: What More Needs to be Done and the Challenges for EMEs and Islamic Finance Open to IFSB Council, Full, Associate and Observer Members, and selected invitees 17:00 - 17:30 Coffee break

The IFSB organised its 15th Islamic Financial Stability Forum (15th IFSF) on 6 April 2017, in Kuala Lumpur, Malaysia. The 15th IFSF was held in conjunction with the 30th Council Meeting of the IFSB, jointly organised by the Central Bank of the Islamic Republic of Iran and Bank Negara Malaysia. Programme - Event Session(s) Date Time Topics Day 1 06/04/2017 15:15 - 15:40 Chairman’s Remarks H.E. Fazle Kabir, Deputy Chairman of the Council of the IFSB and Governor, Bangladesh Bank 15:40 - 16:00 Presentation on: Global Regulatory Reforms: What More Needs to be Done and the Challenges for EMEs and Islamic Finance Speaker: Mr. William Coen, Secretary-General, Basel Committee for Banking Supervision, Bank for International Settlements 16:00 - 16:30 Commentaries by Discussants Discussants: 1. H.E. Dr. Ahmed Abdulkarim Alkholifey, Governor, Saudi Arabian Monetary Authority 2. Professor Dr. Mohamed Azmi Omar, Director General, Islamic Research and Training Institute, Islamic Development Bank Group 16:30 - 16:45 Discussion and Q&A Session 16:45 - 17:00 Coffee and Networking Break

The half-day Seminar is designed to encourage broad interaction among the delegates to explore Shariah-compliant Islamic capital market instruments, in particular Sukuk and Securitisation of Assets, to generate liquidity in the global Islamic financial services industry. At a time of implementation of tightened financial regulations, this Seminar seeks to raise awareness on the readiness of Islamic financial institutions to meet the new requirements, particularly on liquidity, while also highlighting opportunities available to various bodies (e.g. regulatory authorities, capital market players, legal firms) to support the industry’s liquidity management needs. The opening remarks will be delivered by Mr. Ian Johnston, Chief Executive, Dubai Financial Services Authority and Mr. Zahid ur Rehman Khokher, Acting Secretary-General, IFSB The confirmed panelists are: Basheer Ahmad, Dubai Financial Services Authority, UAE Ismail Dadabhoy, Islamic International Financial Market (IIFM), Bahrain Dr. Mohamed Damak, S&P Global Ratings, UAE Debashis Dey, White & Case LLP, UAE Khalid Howladar, Acreditus, UAE Moosa Tariq Khoory, Dubai islamic Bank, UAE Gregory Man, Norton Rose Fulbright (Middle East) LLP, UAE Prof. Volker Nienhaus, University of Bochum Programme - Event Session(s) Date Time Topics Day 1 30/04/2017 08:30 - 09:30 Registration 09:30 - 09:45 Welcoming Remarks 09:45 - 10:50 Session 1: Panel Discussion: The Role of Shariah-Compliant Instruments in the Islamic Capital Market Liquidity risk management remains one of the most challenging issues within the IFSI as Shariah principles render most of the conventional capital and money market instruments and borrowing windows/facilities as not compliant. This is at a time when revised Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) liquidity requirements under both Basel III & IFSB GN-6 are gradually being put into effect. There is a significant lack of Shariah-compliant high-quality-liquid-assets (HQLA) that meet LCR requirements and, in the past, many Islamic banks are known to have relied primarily on cash and central bank placements as their main liquidity management tools. Shariah-compliant profit-generating tradable instruments are also widely in demand for liquidity management purposes by other Islamic financial institutions, for instance, in the Takaful and the Islamic asset management industries. Given this, how can existing instruments in the Islamic capital market support liquidity management in the IFSI? What are the issues involving the use of commodity murabaha for managing liquidity? Is there a need to develop new ICM instruments based on other commodities such as crude oil? What efforts can be made by various bodies (e.g. regulatory authorities, multilateral organisations, capital market players, exchanges/bourses) to support liquidity management in the IFSI? What are the opportunities available in the ICM to address this gap in the market? 10:50 - 11:10 Networking Break 11:10 - 12:15 Session 2: Panel Discussion: Securitisation of Islamic Assets Amid a period of liquidity pressures in key IFSI jurisdictions, influenced by prolonged low energy prices and fiscal tightening, an option for Islamic financial institutions with long-term non-tradable assets is to explore securitisation. The global financial crisis tarnished the image of securitisation, to some extent, but building on the lessons learned from the crisis, Shariah-compliant structures could enable Islamic banks to more easily meet revised capital and liquidity regulations. For instance, structures could enable an efficient offloading of non-tradable assets from their balance sheets to improve capital ratios; monetise previously illiquid assets to enhance liquidity; and facilitate raising of cheaper funding at an asset level as opposed to the bank level. The key challenge is in structuring an Islamic financial securitised instrument that meets Shariah requirements and avoids the problems that contributed towards the crisis. 12:30 - 13:30 Networking Lunch

The 11th edition of the IFSB-INCEIF Executive Forum, themed Creativity and Innovation in Islamic financial products: Standardisation and Competitiveness, aims to push the current boundaries and explore the capabilities of the Islamic finance industry to innovate and develop an array of products to satisfy different customer demand segments. This Executive Forum also aims to delve into and draw upon the market player's perspectives on product development and innovation in Islamic finance. Innovation and creativity will be the buzz words of this Executive Forum. It aims to provide a platform for presenting diverse sets of product innovations, where participants are expected to enrich the discussions with suggestions for enhancements towards reaching greater heights for the industry. This Executive Forum will also highlight the challenges facing market players as well as banking supervisors in ensuring that robust Shari’ah governance structures are in place during product design and execution. It is expected that the participants, from among industry players and supervisors, will brainstorm and participate in in-depth discussions on a wide range of Islamic finance instruments. Among them equity/risk-sharing structures, consumer finance, structured trade finance and other instruments serving niche markets. These sessions will aim at illuminating issues related to promoting both standardisation with healthy competition in Islamic banking, Takaful, ICM while at the same time exploring the potential use of, and contribution to, Fintech and Financial inclusion, respectively. Confirmed expert speakers in the Executive Forum include: Dr. Salman Syed Ali (IRTI-IDB Group), Professor Dr. Younes Soualhi (ISRA), Professor Dr. Syed Abdul Hamid Al-Junid (INCEIF), Owais Ansari (FWU Group, Germany), Wan Norhaziki Wan Abdul Halim (Asian Finance Bank), Roslan Abdul Razak (Perbadanan Waqf Nasional Berhad) and Assoc. Prof. Ahcene Lahsasna (Malaysian Financial Planning Council), Umar Munshi (Ethis Ventures), Abdul Rahman Mohd Yusoff (OCBC Al Amin), Hizamuddin Jamalluddin (Bank Islam Malaysia). The Executive Forum is a paying event. Special rates are offered to all member of the IFSB. Enjoy group discount of 10% when you register 3 or more participants from the same organisation. (Not applicable to subsidiaries and affiliated companies) For further enquiries, please email to Mr. Ifran Tarmizi at [email protected] . Programme - Event Session(s) Date Time Topics Day 1 16/08/2017 08:30 - 09:30 Morning Coffee and Registration 09:30 - 09:45 Opening Address MR. ZAHID UR REHMAN KHOKHER, Acting Secretary General, IFSB 09:45 - 11:15 Session 1: Overview of Islamic Banking Products – Principles and Parameters Innovative structures and delivering impactful services Legal and taxation frameworks and products innovations in IFSI Product Innovations in the IFSI – Market-driven vs Regulators requirements SPEAKER: DR. SALMAN SYED ALI, Senior Research Economist, IRTI-IDB Group 11:15 - 11:45 Group Photo and Coffee Break 11:45 - 13:15 Session 2: Consumer Financing Products – Strategies for Innovation Consumer Needs: The starting point for Islamic finance products Marketing Islamic Products: Efficiency, Demand and Supply Transparency in innovation of Islamic finance products SPEAKER: TUAN HJ. ABDUL RAHMAN MOHD. YUSOFF, Head of Shariah, OCBC Al Amin Bank Berhad 13:15 - 14:30 Lunch 14:30 - 16:30 Session 3: Shari’ah Rules in Products Development: Branding , Ethics and Innovation Shari’ah Parameters in Designing New Products: An industry perspective Ijtihad in the development of Islamic finance products MODERATOR: MR. ROSLAN ABDUL RAZAK, Head of Project Development and Structuring, Perbadanan Waqf Nasional Berhad, Malaysia SPEAKERS: MR. WAN NORHAZIKI WAN ABDUL HALIM, Vice President and Head of Shariah, Asian Finance Bank, DR. YOUNES SOUALHI, Head of the Islamic Banking Unit, ISRA 16:30 - 17:00 Coffee Break Day 2 17/08/2017 08:30 - 09:30 Morning Coffee 09:30 - 11:00 Session 4: Innovation in Takaful Avenue for the Industry’s Growth Strategies to expand the Takaful industry Increasing consumer satisfaction in Takaful products Takaful Operators: Achieving commercial targets and beyond SPEAKER: MR. OWAIS ANSARI, Member of the Board of FWU Group, Germany 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5: Fintech and Leveraging on the Industry’s Technological Advancements Fintech avenues in enhancing consumer satisfaction Innovation in financial services, the role of Islamic social finance Fintech for Financial inclusion in the Islamic financial services industry (IFSI) sphere SPEAKER: MR. MOHAMMAD RIDZUAN ABDUL AZIZ, Chief Executive Officer, Sedania As Salam Capital, Malaysia 13:00 - 14:00 Lunch and Prayers 14:00 - 16:00 Session 6: Panel Discussion: Innovation in Finance Products: Towards Standardisation and Competitiveness Islamic finance products as tools for financial integration The uniqueness of equity finance and risk for Islamic financial institutions Islamic finance to support international trade MODERATOR: PROFESSOR DR. SYED ABDUL HAMID AL-JUNID, INCEIF PANELIST: MR. UMAR MUNSHI, Founder/ CEO, Ethis Ventures, Singapore PANELIST: ASSOC. PROF. AHCENE LAHSASNA, Vice President, Research and Publication, Malaysian Financial Planning Council PANELIST: MR HIZAMUDDIN JAMALLUDDIN, Group Chief Strategy Officer, Bank Islam Malaysia 16:00 - 16:30 Closing & Certificate Giving Ceremony MR. DZALIN AYUB, Acting President and Chief Executive Officer 16:30 - 17:00 Coffee Break

The IFSB Members and Industry Engagement Session is an initiative by the Secretariat to provide an interactive platform for communication between the key players of the Islamic financial services industry (IFSI), from among the IFSB member and non-member organisations, and the IFSB Secretariat. This Session is held under the auspicious hosting of Bank Indonesia, in collaboration with Otoritas Jasa Keuangan. Mr. M. Anwar Bashori, Head, Department of Islamic Economic and Finance, Bank Indonesia will deliver the Welcome Remarks for the IFSB MIE Session, followed by a presentation by the Acting Secretary-General of the IFSB, Mr. Zahid ur Rehman Khokher on the The Global Islamic Finance Industry and the IFSB. Confirmed panelists in the Interactive Session include: Mr. Ahmad Buchori, Advisor of Strategic Committee and Research Center, Otoritas Jasa Keuangan, Dr. Rifki Ismal, Assistant Director, Islamic Economic and Finance Department, Bank Indonesia, Dr. Nagwa Sheikh Eldin, Assistant Secretary – General, IFSB, Mr. Achmad K. Permana, Secretary General, ASBISINDO (Asosiasi Perbankan Syariah Indonesia). For any queries, please contact Mr. Ifran Tarmizi at [email protected] Programme - Event Session(s) Date Time Topics Day 1 02/10/2017 08:00 - 08:30 Registration 08:30 - 09:00 Coffee Break 09:00 - 09:05 Opening by MC 09:10 - 09:25 WELCOMING REMARKS Mr. M. Anwar Bashori, Head, Department of Islamic Economic and Finance, Bank Indonesia 09:25 - 09:50 THE GLOBAL ISLAMIC FINANCE INDUSTRY AND THE IFSB Mr. Zahid ur Rehman Khokher, Acting Secretary-General, IFSB 09:50 - 11:50 INTERACTIVE SESSION Moderator: Mr. Zahid Ur Rehman Khokher, Acting Secretary - General, IFSB Panelist: Mr. Ahmad Buchori, Advisor of Strategic Committee and Research Center, Otoritas Jasa Keuangan Dr. Rifki Ismal, Assistant Director, Islamic Economic and Finance Department, Bank Indonesia Dr. Nagwa Sheikh Eldin, Assistant Secretary – General, IFSB Mr. Achmad K. Permana, Secretary General, ASBISINDO (Asosiasi Perbankan Syariah Indonesia)

The IFSB will be organising its IFSB Summit 2017 on 22 - 24 October 2017 in Abu Dhabi, United Arab Emirates. The IFSB Summit 2017 themed, “Reinvigorating the Momentum of Islamic Finance: Solidifying Resilience and Sustaining Growth” will be hosted by the Central Bank of the United Arab Emirates (CBUAE). The IFSB Summit 2017 will take place against the backdrop of a world economy that is undergoing a paradigm shift resulting from the new uncertainties emerging from a changing global geopolitical landscape, evolving monetary policy tightening in the US, sluggish recovery in oil prices and a general uncertainty in economic outlook. These factors, combined with lagged precedents from the earlier years, have contributed towards a general slowdown in the global economy, the impact of which has also been felt across the Islamic financial services industry (IFSI) where some sectors of the industry have been experiencing a slowdown in recent times. The IFSB Summit 2017 seeks to discuss the issues and challenges facing the IFSI in the present conditions with a view to finding opportunities to reinvigorate the growth momentum across the various sectors while solidifying resilience of the institutions offering Islamic financial services. These efforts need to be considered in conjunction with supportive policy reforms by the regulatory and supervisory authorities, particularly at this time of on-going implementation of post-financial crisis strengthened regulatory requirements. Prominent speakers from among regulatory and supervisory authorities, heads as well as senior financial sector supervisors and experts from international financial institutions will be invited to discuss the following sessions: 1.Islamic Finance: From Niche to Mainstream” The FinTech 2.Innovative Progression: Boon or Bane for Traditional Financial Institutions? 3.Implementing New Regulatory Reforms: Balancing between the Soundness and Competitiveness of IIFS”, 4.Islamic Capital Markets: Towards Greater Harmonisation in Cross Border Activities” 5.The Way Forward for Islamic Finance: Strengthening Value Proposition, Sustaining Resilience The Summit welcomes high-level participants from regulatory and supervisory authorities, institutions offering Islamic financial services, international organisations, multilateral development banks, academics, and think tanks among others. The main Summit will be preceded by Pre-Summit events on the 22 October 2017. The full agenda of the Summit and Pre-Summit events are available on the website – www.ifsbsummit2017.com. For more information, please contact the following Secretariats: Pre-Summit and Summit : Ms. Yazmin Aziz ([email protected]) Media : Mrs. Siham Ismail ([email protected]) and Ms. Rosmawatie Abd Halim ([email protected]) Sponsorship Opportunities : Ms. Rosmawatie Abd Halim ([email protected]) Event Snapshots   The IFSB Summit 2017 was held on 23 and 24 October 2017 in St. Regis Hotel, Abu Dhabi, United Arab Emirates, hosted by the Central Bank of the United Arab Emirates (CBUAE). It was themed, “Reinvigorating the Momentum of Islamic Finance: Solidifying Resilience and Sustaining Growth”. H.E. Mubarak Rashed Khamis Al Mansoori, the Governor of the CBUAE and host of the IFSB Summit 2017 welcomed the delegates in his welcoming speech and followed by the Acting Secretary-General of the IFSB, Mr. Zahid ur Rehman Khokher who delivered the Opening Remarks. H.E. Abdullah bin Ahmed Al Saleh, the Under-Secretary of the Ministry of Economy for Foreign Trade and Industry, UAE and Mr. Iqbal Ahmad Khan, the Chief Executive Officer of Fajr Capital Limited, UAE were invited to the Summit to deliver the keynote address at the Opening Session of the IFSB Summit 2017. While at the Gala Dinner which was held in the evening of 23 October 2017, the Keynote Address was delivered by Professor Dr. Volker Neinhaus, Professor of Economics, University of Bochum, Germany and Visiting Professor at the ICMA Centre, Henley Business School, University of Reading, United Kingdom. 21 chairpersons and speakers who were deputy and asisstant governors, heads as well as senior financial sector supervisors and experts from international financial institutions participated and panelled the following sessions: Islamic Finance: From Niche to Mainstream The FinTech Innovative Progression: Boon or Bane for Traditional Financial Institutions? Implementing New Regulatory Reforms: Balancing between the Soundness and Competitiveness of IIFS Islamic Capital Markets: Towards Greater Harmonisation in Cross Border Activities The Way Forward for Islamic Finance: Strengthening Value Proposition, Sustaining Resilience The IFSB Summit 2017 saw the participation of key Islamic financial services industry leaders, from among regulatory and supervisory authorities, international and regional multilateral organisations, financial institutions from over 25 countries as well as the local UAE financial community.   Programme - Event Session(s) Date Time Topics Day 1 22/10/2017 PRE-SUMMIT EVENTS 08:30 - 17:00 Exhibition 08:30 - 09:45 Pre-Summit Event 1: IFSB Members and Industry Engagement Session 09:45 - 10:30 Pre-Summit Event 2 : Industry Development Session by International the Islamic Liquidity Management Corporation Theme : Regulators’ Response Towards Specific Market Enhancement – The IILM Case Study Speaker: Abdoul Aziz Ba, Acting Chief Executive Officer, International Islamic Liquidity Management Corporation 10:30 - 11:00 Coffee Break 11:00 - 12:30 Pre-Summit Event 3 : Country Showcase by Dubai Islamic Economy Development Centre  Theme : "Development Overview Of Islamic Finance In the United Arab Emirates" Speaker: Saeed Mubarak Kharbash, (designation)Dubai Islamic Economy Development Centre 12:30 - 13:30 Lunch 13:30 - 16:00 Pre-Summit Event 4 : Malaysia Country Showcase by the Malaysia International Islamic Financial Centre and Finance Accreditation Agency Welcoming Remarks: Marzunisham Omar, Assistant Governor, Bank Negara Malaysia Panel Discussion 1: Build to Last: Roles of Professional Ancillary Services Moderator: Rafe Haneef, Chief Executive Officer, CIMB Islamic Bank Panelists: Dr. Mohd Daud Bakar, Chairman of the Shariah Advisory Councils of Malaysia / Founder and Group Chairman of Amanie Group, Dr. Nik Norzrul Thani, Senior Partner. Zaid & Ibrahim Co., and Professor Dr. Mohammad Azmi Omar Launch of Finance Accreditation Agency’s Islamic Finance Professional Qualification Structure by Marzunisham Omar, Assistant Governor, Bank Negara Malaysia Panel Discussion 2: Raising the Bar of Islamic Finance Professionals Moderator: Khairul Nizam, Chief Executive Officer, Finance Accreditation Agency Panelists: Wan Abdul Rahim Kamil, ICM Consultant, Finance Accreditation Agency 16:00 - 16:30 Coffee Break 20:00 - 22:00 Summit Welcome Dinner Hosted by the Central Bank of the UAE Emirates Palace Abu Dhabi Day 2 23/10/2017 IFSB SUMMIT 2017 (DAY 1) 08:30 - 17:30 Exhibition 08:30 - 09:30 Registration and Welcome Coffee 09:30 - 10:30 Opening & Keynote Session 10:30 - 11:00 Coffee Break & Networking

The 16th IFSF will be held on 11 December 2017, in conjunction with 31st Meeting of the Council of the IFSB, in  Kuala Lumpur, Malaysia, jointly hosted by the Central Bank of the Islamic Republic of Iran and Bank Negara Malaysia. The 16th IFSF aims to provide a forum to facilitate discussion and better understanding of the emerging issues related to resolution, recovery and insolvency, particularly with respect to the IFSI and to identify opportunities and directions for future work in this critical area. For more information, please contact Ms Yazmin Aziz ([email protected])   Programme - Event Session(s) Date Time Topics Day 1 11/12/2017 15:00 - 15:15 Arrival of the IFSB Full and Council Members and Forum Participants 15:15 - 15:30 Chairman’s Remarks 15:30 - 16:30 Presentation on Recovery, Resolution and Insolvency for Institutions Offering Islamic Financial Services (IIFS) Speaker : Dr. Michael McMillen, Partner, Curtis, Mallet-Prevost, Colt & Mosle LLP and IFSB Consultant Discussants: 1. Mr. Rafiz Azuan Abdullah, Chief Executive Officer, Malaysia Deposit Insurance Corporation 2. Mr. Madzlan Mohamad Hussain, Partner, ZICO Law, Malaysia 16:30 - 17:00 Discussion and Q&A Session 17:00 - 17:30 Coffee and Networking Break End of Forum

The 3rd edition IFSB-BIBF Islamic Finance Executive Programme with the theme “Fintech, Regtech and Islamic Finance” will focus on the role of Fintech in the Islamic finance industry, the threats and regulatory challenges that Fintech impose on the industry. This Islamic Finance Executive Programme aims to address the rise of Fintech in the Islamic finance industry, highlighting both the opportunities and challenges of new Fintech products in the market. The programme will shed light on the new innovative digital products in Islamic finance, the application of Blockchain technology and Shariah opinion in Cryptocurrencies. It will also discusses the role of Regulatory and Supervisory Authorities (RSAs) in regulating Fintech and the need for a wide-ranging reconceptualization of financial regulation in an era of technology-enabled finance, Cybersecurity threats, Consumer Protection measures along with risk management practices by Fintech providers are among the topics that will deliberated by panellists on this programme. For more information on this Islamic Finance Executive Programme, please email Mrs. Ida Shafinaz Ab. Malek at [email protected]   Programme - Event Session(s) Date Time Topics Day 1 17/10/2018 08:30 - 09:30 Morning Coffee and Registration 09:30 - 09:45 Opening & Welcoming Address 09:45 - 11:00 Session 1: Digital Products and Islamic Finance Innovation and products in the financial industry Product Case Study ? Digital wallets and payment solutions 11:00 - 11:30 Group Photo and Coffee Break 11:30 - 13:00 Session 2: Application of Blockchain in Islamic Finance Use cases of BlockChain for the financial sector Product Case Study Shariah opinion in Cryptocurrency 13:00 - 14:00 Lunch and Prayers 14:00 - 15:30 Session 3: Moderated Session: Regulatory and Legal Framework for Fintech Role of Regulatory and Supervisory Authorities (RSAs) Challenges in regulating Fintech Providers and stakeholders involved Specific country experience in regulating Fintech Sufficient resources to supervise Fintech companies 15:30 - 16:00 Coffee Break and Networking Day 2 18/10/2018 08:30 - 09:30 Morning Coffee 09:30 - 11:00 Session 4: Fintech and Risk Management  Impact of Fintech strategies on the management of risks by financial institutions 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5: Cybersecurity Threats and Protection of Financial Assets and Consumer Protection in Fintech Cybersecurity and key threats to financial stability Mechanisms used by Fintech providers to deal with cyber incidents Role of regulators to deal with cyber incidents Protection of Consumer Data and Privacy Financial Education and Awareness Disclosure and Transparency Protection of Consumer Assets against Fraud and Misuse 13:00 - 14:00 Lunch and Prayers 14:00 - 16:00 Session 6: Panel Discussion on Digitization of the insurance industry and learnings for the Takaful industry  Innovation and new products in the insurance industry Creating a seamless experience for customers Learnings for the Takaful sector 16:00 - 16:30 Closing & Certificate Giving Ceremony 16:30 - 17:00 Coffee Break   Downloadable Document(s) Event Session(s) - PDF Format

The Pakistan Islamic Finance Industry Engagement Session is an initiative by the IFSB Secretariat to provide an interactive platform for communication between the various Islamic financial services industry stakeholders and the IFSB Secretariat. In this one-day session, the IFSB will provide an update on the progress and developments of the global Islamic financial services industry, and enable the participants to interact and exchange views on the prospects and challenges of Islamic finance in Pakistan, in-line with the workstream and mandate of the IFSB. Participants will also benefit from a thematic technical workshop which will feature discussions on recent innovations in Sukuk structures and its utilisation by the Islamic financial services industry.   Programme - Event Session(s) Date Time Topics Day 1 22/10/2018 09:00 - 09:30 Registration 09:30 - 09:45 Welcoming Address SPEAKER: H.E. Tariq Bajwa, Governor - State Bank of Pakistan 09:45 - 10:10 Presentation on Global Islamic Finance and the IFSB SPEAKER: Dr. Bello Lawal Danbatta, Secretary-General, IFSB 10:10 - 11:00 Interactive Session on Islamic Finance in Pakistan: Issues, Challenges and the Way Forward  SPEAKERS Dr. Bello Lawal Danbatta, Secretary-General, IFSB Mr. Zahid ur Rehman Khokher, Assistant Secretary-General, IFSB Mr. Ghulam Muhammad Abbasi, Director - Islamic Banking Department, State Bank of Pakistan 11:00 - 11:30 Coffee Break 11:30 - 13:00 Thematic Workshop - Session 1: Introduction to Sukuk: Structures and Utilisation SPEAKER: Mr. Syed Faiq Najeeb, Head of Standards Development, IFSB 13:00 - 14:30 Lunch and Prayer Break 14:30 - 16:30 Thematic Workshop - Session 2: Recent Innovation and Market Gaps: New Frontiers for Sukuk SPEAKER: Mr. Syed Faiq Najeeb, Head of Standards Development, IFSB   Downloadable Document(s) Event Session(s) - PDF Format